Owen Foundation
- Assets
- $1.6m
- Revenue
- $395.0k
- Investments
- $960.7k
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 01/1961
- Data as of
- 11/2022
- EIN
- 47-6025298
Organization Overview
Owen Foundation is located in Omaha, NE. The organization was established in 1961. 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. Owen 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 11/2022, Owen Foundation generated $395.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $304.9k during the year ending 11/2022. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Owen Foundation has awarded 65 individual grants totaling $781,050. 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 |
|---|---|---|---|
Robert E Owen Trustee - Pr | 0.5 | $0 | |
Tyler R Owen Trustee - Pr | 0.5 | $0 | |
James Pfeffer Trustee - Se | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $346 |
| Dividends & Interest | $31,622 |
| Net Rental Income | -$29,965 |
| Net Gain on Sale of Assets | $247,832 |
| Capital Gain Net Income | $247,832 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $242 |
| Total Revenue | $394,974 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $27,650 |
| Taxes | $72 |
| Depreciation | $19,302 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,694 |
| Total operating and administrative expenses | $79,982 |
| Contributions, gifts, grants paid | $224,900 |
| Total expenses and disbursements | $304,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $657,684 |
| 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 | $960,686 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,618,370 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $112,500 |
| 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 | $112,500 |
Grants Awarded
Over the last fiscal year, Owen Foundation has awarded $224,900 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
AKSARBEN FOUNDATION PURPOSE: CHARITABLE | $28,000 |
BOY SCOUTS OF AMERICA PURPOSE: CHARITABLE | $5,000 |
BOYS & GIRLS CLUB OF OMAHA INC PURPOSE: CHARITABLE | $60,000 |
CROHN'S & COLITIS FOUNDATION PURPOSE: CHARITABLE | $25,000 |
FRIENDS OF NEBRASKA PARKS PURPOSE: CHARITABLE | $15,000 |
HEART MINISTRY CENTER PURPOSE: CHARITABLE | $50,000 |