David And Janis Larson Foundation
- Assets
- $131.3m
- Revenue
- -$404.1k
- Investments
- $124.2m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 03/2015
- Data as of
- 12/2020
- EIN
- 41-1957525
Organization Overview
David And Janis Larson Foundation is located in Minneapolis, MN. The organization was established in 2015. 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. David And Janis 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.
Since 2020, David And Janis Larson Foundation has awarded 33 individual grants totaling $15,025,000. 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 |
|---|---|---|---|
First Trust Co Llc Trustee | 10 | $202,354 | |
D Lance Larson Trustee | 2 | $0 | |
Reid M Larson Trustee | 2 | $0 | |
Janis L Larson Pres., Sect'y, Treas., Tru | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,164 |
| Dividends & Interest | $3,439,953 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,375,249 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $530,054 |
| Total Revenue | -$404,078 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $157,857 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $251,428 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $531,424 |
| Total operating and administrative expenses | $962,190 |
| Contributions, gifts, grants paid | $7,500,000 |
| Total expenses and disbursements | $8,462,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,296,421 |
| 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 | $124,234,234 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,732,346 |
| Total assets | $131,263,001 |
| 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, David And Janis Larson Foundation has awarded $7,525,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Edina, MN PURPOSE: GENERAL CHARITABLE PURPOSES | $2,130,000 |
VOYAGEUR OUTWARD BOUND SCHOOL PURPOSE: GENERAL CHARITABLE PURPOSES | $1,330,000 |
Lawrence, KS PURPOSE: LARSON FOUNDATION SCHOLARSHIP FUND | $1,291,250 |
COLLEGE POSSIBLE TWIN CITIES PURPOSE: GENERAL CHARITABLE PURPOSES | $368,750 |
YMCA OF THE NORTH PURPOSE: GENERAL CHARITABLE PURPOSES | $350,000 |
CENTRAL SQUARE CULTURAL AND CIVIC CENTER PURPOSE: GENERAL CHARITABLE PURPOSES | $350,000 |
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 |