Ove W Jorgensen Foundation Inc
- Assets
- $4.3m
- Revenue
- $435.3k
- Investments
- $4.0m
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- 08/1998
- Data as of
- 01/2022
- EIN
- 35-2050475
Organization Overview
Ove W Jorgensen Foundation Inc is located in Fort Wayne, IN. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ove W Jorgensen Foundation Inc 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 01/2022, Ove W Jorgensen Foundation Inc generated $435.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $286.6k during the year ending 01/2022. While expenses have increased by 3.4% per year over the past 6 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, Ove W Jorgensen Foundation Inc has awarded 105 individual grants totaling $1,478,836. 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 |
|---|---|---|---|
Ben Williams Secretary | 2 | $0 | |
Susan Jorgensen Vice Preside | 2 | $0 | |
Nicholas Stevens Director | 2 | $0 | |
Jay O Jorgensen President | 2 | $0 | |
Jane Jorgensen Director | 2 | $0 | |
Molly Stevens Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $138,676 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $296,638 |
| Capital Gain Net Income | $296,638 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $435,326 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,438 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33 |
| Total operating and administrative expenses | $43,968 |
| Contributions, gifts, grants paid | $242,586 |
| Total expenses and disbursements | $286,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,871 |
| 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 | $2,392,743 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,286,289 |
| 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, Ove W Jorgensen Foundation Inc has awarded $242,586 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL | $50,000 |
INDAINA UNIVERSITY FOUNDATION PURPOSE: JORGENSEN INTERNSHIP | $30,686 |
Syracuse, IN PURPOSE: GENERAL | $25,000 |
Santa Barbara, CA PURPOSE: GENERAL | $20,000 |
Santa Barbara, CA PURPOSE: GENERAL | $20,000 |
Roanoke, IN PURPOSE: GENERAL | $11,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp St Louis St Louis, MO | $47,986,833 | $42,773,078 |
Wellpoint Care Network Inc Milwaukee, WI | $8,696,347 | $28,630,570 |
Ray Graham Association For People With Disabilities Lisle, IL | $24,978,947 | $22,746,228 |
Yum Brands Foundation Inc Louisville, KY | $62,047,633 | $1,353,894 |
Girl Scouts Of Eastern Missouri Inc St Louis, MO | $41,876,901 | $17,676,549 |
Zakat Foundation Of America Worth, IL | $10,176,762 | $13,348,196 |
Rose Brooks Center Inc Kansas City, MO | $20,126,633 | $9,910,378 |
Horizon House Of Illinois Valley Inc Peru, IL | $4,828,429 | $7,447,824 |
Marshall-Starke Development Center Inc Plymouth, IN | $2,688,412 | $6,830,962 |
Lakeshore Cap Inc Of Wisconsin Manitowoc, WI | $4,910,382 | $5,227,133 |
Jefferson County Comprehensive Mt Vernon, IL | $4,460,703 | $5,732,425 |
Cdc Resources Inc Monticello, IN | $3,899,685 | $5,523,588 |