Norn Group
- Assets
- $1.4m
- Revenue
- $2.5m
- Investments
- $717.4k
- Employees
- 1
- Location
- San Francisco, CA
- Founding
- Data as of
- 06/2023
- EIN
- 87-1540960
Organization Overview
Norn Group is located in San Francisco, CA. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norn Group 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 06/2023, Norn Group generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (70.2%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (75.8%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Norn Group has awarded 54 individual grants totaling $17,199,169. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SUPPORTS RESEARCH TO HELP PEOPLE TO LIVE BETTER AND LIVE LONGER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECTS FUNDED INCULDE THOSE THAT CHALLENGE ASSUMPTIONS,DEVELOP NEW TOOLS AND METHODOLOGIES,DISCOVER WAYS TO REVERSE AGING PROCESSES AND SYNTHESIZE ISOLATED MANIFESTATIONS OF AGING INTO A SYSTEMIC PERSPECTIVE AS WELL AS THOUGH THAT BRING TOGETHER LEADERS IN THE FIELD AND PROVIDES THOSE INTERESTED WITH TRAINING,MENTORSHIP,EXPERIENCE AND JOBS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Borch Jensen President | OfficerTrustee | 20 | $6,760 |
Adam Marblestone Treasurer | OfficerTrustee | 1 | $0 |
Laura Deming Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,500,131 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,500,131 |
| Total Program Service Revenue | $0 |
| Investment income | $28,036 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,528,167 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,181,146 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $53,433 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,760 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,024 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,129 |
| Advertising and promotion | $0 |
| Office expenses | $1,290 |
| Information technology | $2,123 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,433 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,054 |
| All other expenses | $175,107 |
| Total functional expenses | $1,633,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,218 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $165,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $717,442 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $464,036 |
| Total assets | $1,391,696 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,391,696 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,391,696 |
Grants Awarded
Over the last fiscal year, Norn Group has awarded $1,181,146 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MIT RAGON INSTITUTE PURPOSE: AGING RESEARCH | $141,146 |
NATIONAL INSTITUTE ON AGING PURPOSE: AGING RESEARCH | $490,000 |
COLUMBIA UNIVERSITY MEDICAL CENTER PURPOSE: AGING RESEARCH | $550,000 |