Larson Foundation
- Assets
- $21.7m
- Revenue
- $744.6k
- Investments
- $21.0m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 05/1991
- Data as of
- 04/2023
- 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.
For the year ending 04/2023, Larson Foundation generated $744.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $2.3m during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Larson Foundation has awarded 327 individual grants totaling $27,751,242. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maree Larson Vice President | 20 | $80,000 | |
O Dale Larson President | 10 | $0 | |
Carmelle Jackson Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,681 |
| Interest on Savings | $0 |
| Dividends & Interest | $390,064 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,514,599 |
| Capital Gain Net Income | $1,514,599 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,168,782 |
| Total Revenue | $744,562 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $63,582 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $110,166 |
| Total operating and administrative expenses | $253,865 |
| Contributions, gifts, grants paid | $2,076,579 |
| Total expenses and disbursements | $2,330,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,977 |
| Savings and temporary cash investments | $646,973 |
| 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 | $21,673,330 |
| 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 $2,076,579 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF THE NORTHERN PLAINS PURPOSE: PROGRAM EXPENSES | $130,000 |
EAST CENTRAL CASA PROGRAM PURPOSE: PROGRAM EXPENSES | $25,000 |
BROOKINGS AREA HABITAT FOR HUMANITY PURPOSE: PROGRAM EXPENSES | $290,000 |
WORKING AGAINST VIOLENCE INC PURPOSE: PROGRAM EXPENSES | $60,000 |
SPECIAL OLYMPICS SOUTH DAKATA INC PURPOSE: PROGRAM EXPENSES | $10,000 |
SOUTH DAKOTA NETWORK AGAINST FAMILY VIOLENCE & SEXUAL ASSAULT PURPOSE: PROGRAM EXPENSES | $80,000 |