Larson Foundation
- Assets
- $23.3m
- Revenue
- -$633.2k
- Investments
- $22.7m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 05/1991
- Data as of
- 04/2022
- EIN
- 46-0412311
Organization Overview
Larson Foundation is located in Sioux Falls, SD. The organization was established in 1991. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Larson 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 2015, Larson Foundation has awarded 259 individual grants totaling $23,883,572. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
O Dale Larson President | 10 | $0 | |
Carmelle Jackson Secretary | 1 | $0 | |
Maree Larson Vice President | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $371,297 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,474,928 |
| Capital Gain Net Income | $2,474,928 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,479,409 |
| Total Revenue | -$633,184 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $167 |
| Printing and publications | $0 |
| Other expenses | $119,877 |
| Total operating and administrative expenses | $137,237 |
| Contributions, gifts, grants paid | $14,144,520 |
| Total expenses and disbursements | $14,281,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,587 |
| Savings and temporary cash investments | $462,048 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,259,212 |
| 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, Larson Foundation has awarded $14,144,520 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH DAKOTA STATE UNIVERSITY PURPOSE: LARSON FOUNDATION SCHOLARSHIP. | $12,780,020 |
CHILDRENS HOME SOCIETY PURPOSE: PROGRAM EXPENSES | $500,000 |
Rapid City, SD PURPOSE: PROGRAM EXPENSES | $150,000 |
BROOKINGS AREA HABITAT FOR HUMANITY PURPOSE: PROGRAM EXPENSES | $140,000 |
Brookings, SD PURPOSE: PROGRAM EXPENSES | $130,000 |
Mission, SD PURPOSE: PROGRAM EXPENSES | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Larson Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
South Dakota Humanities Council Brookings, SD | | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ghr Foundation Minneapolis, MN | $0 | $118,752,892 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |
F R Bigelow Foundation Trust 555 St Paul, MN | $202,026,485 | $23,166,449 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |