Marion E Jerome Foundation Inc
- Assets
- $2.2m
- Revenue
- $148.4k
- Investments
- $2.1m
- Employees
- 0
- Location
- Decorah, IA
- Founding
- 03/2001
- Data as of
- 12/2022
- EIN
- 42-1507853
Organization Overview
Marion E Jerome Foundation Inc is located in Decorah, IA. The organization was established in 2001. 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. Marion E Jerome Foundation Inc 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 12/2022, Marion E Jerome Foundation Inc generated $148.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $147.2k during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Marion E Jerome Foundation Inc has awarded 138 individual grants totaling $858,644. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candace J Arp President | 2 | $0 | |
Allison J Elwood Vice President | 2 | $0 | |
Carolyn E Duranceau Secretary | 2 | $0 | |
David G Arp Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $178 |
| Dividends & Interest | $43,206 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $105,012 |
| Capital Gain Net Income | $105,012 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $148,396 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,984 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,849 |
| Contributions, gifts, grants paid | $138,311 |
| Total expenses and disbursements | $147,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,957 |
| Savings and temporary cash investments | $0 |
| 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 | $2,132,827 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,182,784 |
| 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, Marion E Jerome Foundation Inc has awarded $138,311 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ARTHAUS PURPOSE: OPERATING | $2,000 |
BARRON AREA EDUCATION FOUNDATION INC PURPOSE: OPERATING | $14,000 |
COUNTRY WINDS MANOR - PATTY ELWOOD CENTER PURPOSE: OPERATING | $4,000 |
CRESTWOOD HIGH SCHOOL DOLLARS FOR SCHOLARS PURPOSE: OPERATING | $4,000 |
DECORAH COMMUNITY FOOD PANTRY PURPOSE: OPERATING | $10,000 |
DECORAH DOLLARS FOR SCHOLARS PURPOSE: OPERATING | $32,500 |