Deems Family Foundation
- Assets
- $1.9m
- Revenue
- $44.4k
- Investments
- $500.1k
- Employees
- 0
- Location
- Stillwater, MN
- Founding
- Data as of
- 12/2023
- EIN
- 87-2975317
Organization Overview
Deems Family Foundation is located in Stillwater, MN. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deems Family 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 12/2023, Deems Family Foundation generated $44.4k in total revenue. All expenses for the organization totaled $73.5k during the year ending 12/2023.
Since 2022, Deems Family Foundation has awarded 14 individual grants totaling $135,000. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Deems Director | 0.5 | $0 | |
Dennis Johnson Director | 0.05 | $0 | |
Jacob Deems Director | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,898 |
| Dividends & Interest | $42,278 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,760 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,416 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $119 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,386 |
| Total operating and administrative expenses | $8,505 |
| Contributions, gifts, grants paid | $65,000 |
| Total expenses and disbursements | $73,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,717 |
| Savings and temporary cash investments | $1,285,923 |
| 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 | $233,222 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,923,707 |
| 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, Deems Family Foundation has awarded $65,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
JONI & FRIENDS PURPOSE: GENERAL FUND | $5,000 |
DRAGONFLY PURPOSE: GENERAL FUND | $5,000 |
FOUNDATION FOR PHILIPPINE MEDICAL MISSIONS PURPOSE: GENERAL FUND | $20,000 |
SOUTH EAST ASIA PRAYER CENTER PURPOSE: GENERAL FUND | $10,000 |
CUTTING EDGE RELIEF PURPOSE: GENERAL FUND | $10,000 |
CHU VISION FOUNDATION PURPOSE: GENERAL FUND | $10,000 |