Jerstad Family Foundation
- Assets
- $4.6m
- Revenue
- $497.8k
- Investments
- $4.6m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 02/1997
- Data as of
- 12/2021
- EIN
- 91-1757487
Organization Overview
Jerstad Family Foundation is located in Sioux Falls, SD. The organization was established in 1997. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Jerstad 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 12/2021, Jerstad Family Foundation generated $497.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $242.7k during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Jerstad Family Foundation has awarded 137 individual grants totaling $1,058,656. 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 |
|---|---|---|---|
Sandra I Jerstad Director | 10 | $0 | |
Rachel Jerstad Director | 0.1 | $0 | |
Michael Jerstad Director | 0.1 | $0 | |
Sarah Jerstad Director | 0.1 | $0 | |
Kelly Jerstad Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $104,501 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $393,267 |
| Capital Gain Net Income | $393,267 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $497,771 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,695 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,623 |
| Total operating and administrative expenses | $69,654 |
| Contributions, gifts, grants paid | $173,000 |
| Total expenses and disbursements | $242,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,759 |
| 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 | $4,580,598 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,624,357 |
| 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, Jerstad Family Foundation has awarded $173,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE POSSIBLE PURPOSE: GENERAL SUPPORT | $20,000 |
Flandreau, SD PURPOSE: GENERAL SUPPORT | $18,000 |
JDRF PURPOSE: GENERAL SUPPORT | $17,000 |
Elk River, MN PURPOSE: GENERAL SUPPORT | $15,000 |
PROP SHOP PURPOSE: GENERAL SUPPPORT | $15,000 |
Eden Prairie, MN PURPOSE: GENERAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Suzanne And Walter Scott Foundation Omaha, NE | $379,612,870 | $69,664,147 |
Woodbourne Charitable Trust Plymouth, MN | $1,142,964 | $10,020,932 |
James M Stanton Foundation Bloomington, MN | $29,105,685 | $38,323,984 |
Cokato Charitable Trust Cokato, MN | $9,103,416 | $8,785,306 |
William H And Carrie Gottsche Foundation Thermopolis, WY | $15,267,869 | $5,413,273 |
Jay And Rose Phillips Family Foundation Of Minnesota Minneapolis, MN | $65,545,808 | $6,097,586 |
Hennessey Charitable Trust Dubuque, IA | $69,986,391 | $0 |
Emerald Gate Charitable Trust Jackson, WY | $143,120,759 | $36,236,406 |
Marie H Bechtel Charitable Trust Davenport, IA | $48,721,172 | $1,150,391 |
Ciresi Walburn Foundation For Children Minneapolis, MN | $31,215,919 | $1,296,068 |
Holthues Tr Muscatine, IA | $22,886,855 | $2,685,899 |
Newton Foundation Jackson, WY | $19,007,412 | $862,510 |