Larson Foundation
- Assets
- $1.4m
- Revenue
- $48.9k
- Investments
- $1.4m
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 11/2000
- Data as of
- 12/2023
- EIN
- 31-1736010
Organization Overview
Larson Foundation is located in Plymouth, MN. The organization was established in 2000. 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. Larson 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, Larson Foundation generated $48.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $94.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Larson Foundation has awarded 74 individual grants totaling $485,400. 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 |
|---|---|---|---|
Name Not Listed President | 2 | $1,500 | |
Name Not Listed Secretary And Treasurer | 2 | $1,500 | |
Name Not Listed Director | 2 | $1,500 | |
Name Not Listed Director | 2 | $1,500 | |
Name Not Listed Director | 2 | $1,500 | |
Name Not Listed Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $155 |
| Dividends & Interest | $22,070 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,718 |
| Capital Gain Net Income | $26,718 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $48,943 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,120 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,458 |
| Total operating and administrative expenses | $34,433 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $94,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,790 |
| 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 | $1,364,653 |
| 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, Larson Foundation has awarded $60,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY PROMISE OF DAVIE COUNTY PURPOSE: CHARITABLE | $5,000 |
DAVIE PREGNANCY CARE CENTER PURPOSE: CHARITABLE | $5,000 |
TRI LAKES CARES PURPOSE: CHARITABLE | $5,000 |
TASC PURPOSE: CHARITABLE | $5,000 |
EQUESTRIAN BRIDGES PURPOSE: CHARITABLE | $5,000 |
ORCHARD PLACE PURPOSE: CHARITABLE | $10,000 |