The Jennings Family Foundation
- Assets
- $10.5m
- Revenue
- $3.5m
- Investments
- $9.2m
- Employees
- 0
- Location
- Edina, MN
- Founding
- 11/1998
- Data as of
- 12/2023
- 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 12/2023, Jennings Family Foundation generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $9.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jennings Family Foundation has awarded 167 individual grants totaling $25,792,500. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Jennings President (thru 6.28.23) | 0.1 | $0 | |
Mary Lee Jennings President | 0.1 | $0 | |
Todd Jennings Director | 0.1 | $0 | |
Jay Bennett Director | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bank Of America | 12/30/22 | $96,772 |
Wells Fargo | 12/30/22 | $59,530 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $360,742 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,109,164 |
| Capital Gain Net Income | $3,109,164 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,469,906 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29,080 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,472 |
| Total operating and administrative expenses | $213,190 |
| Contributions, gifts, grants paid | $9,696,000 |
| Total expenses and disbursements | $9,909,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $520,080 |
| Savings and temporary cash investments | $770,627 |
| 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 | $4,667,212 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,523,347 |
| Accounts payable and accrued expenses | $1,500 |
| 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 | $1,500 |
Grants Awarded
Over the last fiscal year, The Jennings Family Foundation has awarded $9,696,000 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
ANSELM HOUSE PURPOSE: ANNUAL FUND | $100,000 |
BETHANY INTERNATIONAL PURPOSE: KEEP REACHING CAMPAIGN | $500,000 |
BEYOND LIMITS PURPOSE: GENERAL SUPPORT | $50,000 |
CBMC PURPOSE: MINISTRY OF ALAN SMITH | $40,000 |
CURE INTERNATIONAL PURPOSE: GENERAL SUPPORT | $50,000 |
EDINA ROTARY FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |