Gandrud Foundation
- Assets
- $297.7k
- Revenue
- $17.5k
- Investments
- $283.3k
- Employees
- 0
- Location
- Owatonna, MN
- Founding
- 08/1954
- Data as of
- 12/2023
- EIN
- 41-6038629
Organization Overview
Gandrud Foundation is located in Owatonna, MN. The organization was established in 1954. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gandrud Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Gandrud Foundation generated $17.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $18.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL DONATIONS TO 14 ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Gandrud Trustee | 0.1 | $0 | |
Linda Gandrud Trustee | 0.1 | $0 | |
Michael Gandrud President | 1 | $0 | |
Jonathan Gandrud Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16 |
| Dividends & Interest | $12,565 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,898 |
| Capital Gain Net Income | $4,898 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,479 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31 |
| Total operating and administrative expenses | $3,772 |
| Contributions, gifts, grants paid | $14,550 |
| Total expenses and disbursements | $18,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,688 |
| Savings and temporary cash investments | $3,675 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $123,414 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,000 |
| Total assets | $297,668 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Gandrud Foundation has awarded $14,550 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
GAMEHAVEN COUNCIL BSA PURPOSE: TO PROVIDE ASSISTANCE TO FURTHER PROGRAM MISSION. | $2,000 |
STEELE COUNTY HISTORICAL SOCIETY PURPOSE: TO PROVIDE ASSISTANCE TO FURTHER PROGRAM MISSION. | $500 |
FLORIDA SHERIFF'S YOUTH RANCH PURPOSE: TO PROVIDE ASSISTANCE TO FURTHER PROGRAM MISSION. | $1,000 |
UNITED WAY OF STEELE COUNTY PURPOSE: TO PROVIDE ASSISTANCE TO FURTHER PROGRAM MISSION. | $1,000 |
OWATONNA CHILDREN'S REMEDIAL FUND PURPOSE: TO PROVIDE ASSISTANCE TO FURTHER PROGRAM MISSION. | $1,000 |
TRINITY LUTHERAN CHURCH PURPOSE: TO PROVIDE ASSISTANCE TO FURTHER PROGRAM MISSION. | $2,000 |