Rosen Family Foundation Inc
- Assets
- $16.9m
- Revenue
- $7.3m
- Investments
- $16.4m
- Employees
- 0
- Location
- Bloomington, MN
- Founding
- 02/2004
- Data as of
- 12/2022
- EIN
- 41-2054672
Organization Overview
Rosen Family Foundation Inc is located in Bloomington, MN. The organization was established in 2004. 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. Rosen Family 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 12/2022, Rosen Family Foundation Inc generated $7.3m in total revenue. All expenses for the organization totaled $718.3k during the year ending 12/2022. While expenses have increased by 26.6% per year over the past 5 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 2020, Rosen Family Foundation Inc has awarded 25 individual grants totaling $1,847,674. 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 |
|---|---|---|---|
Richard H Rosen Director | 0.2 | $5,000 | |
Thomas J Doyle Director | 0.2 | $5,000 | |
John Edman Director | 0.2 | $5,000 | |
Thomas J Rosen President\secretary | 0.25 | $0 | |
Dominick V Driano Jr VP Assistant Secretary | 0.5 | $0 | |
Christopher Woodruff VP Of Tax | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,000,000 |
| Interest on Savings | $2,835 |
| Dividends & Interest | $333,746 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,939 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,333,642 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,637 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,273 |
| Total operating and administrative expenses | $90,193 |
| Contributions, gifts, grants paid | $628,087 |
| Total expenses and disbursements | $718,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $438,821 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,955 |
| 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 | $16,448,054 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,889,830 |
| 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, Rosen Family Foundation Inc has awarded $628,087 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MINNESOTA HISTORICAL SOCIETY PURPOSE: ENDOWMENT FOR THE OLIVER KELLEY FARM | $100,000 |
THE NATURE CONSERVANCY PURPOSE: GRANT - GENERAL | $100,000 |
Washington, DC PURPOSE: GRANT - GENERAL | $100,000 |
Fairmont, MN PURPOSE: ASSIST IN FUNDING LAKESIDE CEMETERY FOUNDATION WITH ENOUGH FUNDS TO CONTINUE TO BEAUTIFY THE CEMETERY, EDUCATE THE PUBLIC ON THE HISTORIC VALUE OF THIS CEMETERY, AND EXPAND THE CEMETERY AS NEEDED. | $85,587 |
CITY OF GIBBON PURPOSE: GRANT TO ASSIST IN THE RENOVATION OF THE EXISTING STRUCTURE FOR THE COMMUNITY CENTER | $75,000 |
NEBRASKA FARM BUREAU FOUNDATION PURPOSE: FUND AN EDUCATION SPECIALIST AND SUPPORT THE NEBRASKA AGRICULTURE IN THE CLASSROOM PROGRAM. | $70,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Manitou Fund White Bear Lake, MN | $1,003,593,689 | $40,882,622 |
Lynne & Andrew Redleaf Foundation Minneapolis, MN | $127,717,345 | $981,960 |
Northwest Area Foundation St Paul, MN | $512,755,007 | $38,144,816 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Medtronic Communities Foundation Minneapolis, MN | $54,271,830 | $230,239 |
General Mills Foundation Minneapolis, MN | $0 | -$304,053 |
J A Wedum Foundation Plymouth, MN | $141,295,178 | $28,441,684 |
Bader Philanthropies Inc Milwaukee, WI | $26,809,232 | $30,829,351 |