Severson Family Foundation
- Assets
- $792.3k
- Revenue
- $169.2k
- Investments
- $679.5k
- Employees
- 0
- Location
- Saint Louis Park, MN
- Founding
- 09/2005
- Data as of
- 12/2022
- EIN
- 20-6326223
Organization Overview
Severson Family Foundation is located in Saint Louis Park, MN. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Severson 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 12/2022, Severson Family Foundation generated $169.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $212.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Severson Family Foundation has awarded 168 individual grants totaling $1,413,913. 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 |
|---|---|---|---|
Jane M Severson President | 0.5 | $1,000 | |
Julie Schnaible Director | 0.2 | $0 | |
Allan M Severson Secretary/treasurer | 0.5 | $0 | |
Mary L Severson Vice President | 0.2 | $0 | |
Jeffrey A Severson Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $31,446 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,284 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $95,446 |
| Capital Gain Net Income | $95,446 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $169,176 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,367 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $19,334 |
| Contributions, gifts, grants paid | $193,100 |
| Total expenses and disbursements | $212,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,156 |
| Savings and temporary cash investments | $37,648 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $792,342 |
| 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, Severson Family Foundation has awarded $193,100 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Fargo, ND PURPOSE: COMMUNITY BENEFIT | $102,500 |
UNITED WAY PURPOSE: COVID FUND | $40,000 |
St Louis Park, MN PURPOSE: COMMUNITY BENEFIT | $23,500 |
St Louis Park, MN PURPOSE: COMMUNITY BENEFIT | $10,000 |
SECOND HARVEST HEARTLAND PURPOSE: COMMUNITY BENEFIT | $5,500 |
THE BANQUET PURPOSE: COMMUNITY BENEFIT | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Ghr Foundation Minneapolis, MN | $0 | $118,752,892 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |