Asbjorn Lunde Foundation
- Assets
- $22.3m
- Revenue
- $3.2m
- Investments
- $4.7m
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 09/2013
- Data as of
- 12/2021
- EIN
- 45-2609121
Organization Overview
Asbjorn Lunde Foundation is located in Newark, NJ. The organization was established in 2013. 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. Asbjorn Lunde Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Asbjorn Lunde Foundation has awarded 23 individual grants totaling $294,516. 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 |
|---|---|---|---|
Steven Kern President | 50 | $250,584 | |
John Philip Secretary | 2 | $0 | |
Dr Kurt Sundstrom Director | 1 | $0 | |
Madeline Lanciani Treasurer | 2 | $0 | |
Dr George Robb Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,171,506 |
| Interest on Savings | $8 |
| Dividends & Interest | $91,660 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $908,018 |
| Capital Gain Net Income | $908,018 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,171,192 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $250,584 |
| Other employee salaries and wages | $100,323 |
| Pension plans, employee benefits | $32,680 |
| Interest | $0 |
| Taxes | $694 |
| Depreciation | $0 |
| Occupancy | $23,400 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $113,079 |
| Total operating and administrative expenses | $552,616 |
| Contributions, gifts, grants paid | $239,500 |
| Total expenses and disbursements | $792,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,861 |
| Savings and temporary cash investments | $137,194 |
| 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 | $1,629,930 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $17,400,896 |
| Total assets | $22,335,425 |
| 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, Asbjorn Lunde Foundation has awarded $239,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CLARK ART INSTITUTE PURPOSE: GENERAL OPERATING SUPPORT | $61,500 |
HUDSON HALL PURPOSE: BOARD DISCRETIONARY GRANT FOR GENERAL OPERATING USE | $40,000 |
CLARK ART INSTITUTE PURPOSE: GENERAL OPERATING SUPPORT | $35,500 |
Decorah, IA PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Manchester, NH PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
Manchester, NH PURPOSE: BOARD DISCRETIONARY GRANT FOR GENERAL OPERATING USE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |