The Jennings Family Foundation
- Assets
- $20.3m
- Revenue
- $4.0m
- Investments
- $18.2m
- Employees
- 0
- Location
- Edina, MN
- Founding
- 11/1998
- Data as of
- 12/2021
- EIN
- 41-1765206
Organization Overview
The Jennings Family Foundation is located in Edina, MN. The organization was established in 1998. 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. Jennings 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, Jennings Family Foundation generated $4.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $7.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jennings Family Foundation has awarded 146 individual grants totaling $19,867,500. 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 |
|---|---|---|---|
Joel Jennings President | 0.1 | $0 | |
Wendi J Moffly Director | 0.1 | $0 | |
Mary Lee Jennings Director | 0.1 | $0 | |
Todd R Jennings Director (partial Year) | 0.1 | $0 | |
Tracey J Hagman Director (partial Year) | 0.1 | $0 | |
Jocelyn Jodi J Jennings Director (partial Year) | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wells Fargo | 12/30/21 | $89,732 |
Bank Of America | 12/30/21 | $100,557 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $614,627 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,407,459 |
| Capital Gain Net Income | $3,407,459 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,142 |
| Total Revenue | $4,027,228 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,477 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,700 |
| Total operating and administrative expenses | $274,619 |
| Contributions, gifts, grants paid | $7,455,000 |
| Total expenses and disbursements | $7,729,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $495,145 |
| Savings and temporary cash investments | $1,623,619 |
| 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 | $13,064,071 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,317,059 |
| Accounts payable and accrued expenses | $7,565 |
| 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 | $7,565 |
Grants Awarded
Over the last fiscal year, The Jennings Family Foundation has awarded $7,455,000 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
Saint Paul, MN PURPOSE: GENERAL SUPPORT | $3,600,000 |
WORLD VISION PURPOSE: SYRIA REFUGEES AND ZAMBIA AGRI. | $850,000 |
HESHIMA FOUNDATION PURPOSE: HOUSING | $500,000 |
URBAN VENTURES PURPOSE: INSTALLMENT 6 OF 6 ON $3M PLEDGE | $500,000 |
BETHANY INTERNATIONAL PURPOSE: GENERAL SUPPORT | $300,000 |
NATIONAL CHRISTIAN FOUNDATION PURPOSE: MULTIPLE GIVING FUNDS | $220,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
F R Bigelow Foundation Trust 555 St Paul, MN | $202,026,485 | $23,166,449 |
Lewis W Hyer Trust 098310c Milwaukee, WI | $167,937,358 | $18,090,828 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |