Richard O Jacobson Foundation Inc
- Assets
- $22.1m
- Revenue
- $1.5m
- Investments
- $14.0m
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 08/1976
- Data as of
- 10/2023
- EIN
- 51-0192624
Organization Overview
Richard O Jacobson Foundation Inc is located in Des Moines, IA. The organization was established in 1976. 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. Richard O Jacobson 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 10/2023, Richard O Jacobson Foundation Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $4.2m during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Richard O Jacobson Foundation Inc has awarded 56 individual grants totaling $72,083,220. 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 |
|---|---|---|---|
Bruce L Rastetter Chairman & CEO | 0 | $0 | |
Carlton T King Vice President | 0 | $0 | |
Mark N Larson Treasurer | 0 | $0 | |
Will J Hoekman Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $486,333 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,486,333 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,380 |
| Depreciation | $14,422 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $427 |
| Total operating and administrative expenses | $27,064 |
| Contributions, gifts, grants paid | $4,218,000 |
| Total expenses and disbursements | $4,245,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,192 |
| Savings and temporary cash investments | $7,754,664 |
| 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 | $17,657 |
| Other assets | $0 |
| Total assets | $22,083,260 |
| 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, Richard O Jacobson Foundation Inc has awarded $4,218,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIP AMERICA PURPOSE: CONTRIBUTION | $208,000 |
IOWA STATE FAIR BLUE RIBBON FOUNDATION PURPOSE: CONTRIBUTION | $4,000,000 |
BLANK PARK ZOO PURPOSE: CONTRIBUTION | $10,000 |