J A Wedum Foundation
- Assets
- $164.3m
- Revenue
- $32.9m
- Investments
- $29.0m
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 11/1963
- Data as of
- 12/2023
- EIN
- 41-6025661
Organization Overview
J A Wedum Foundation is located in Plymouth, MN. The organization was established in 1963. 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. J A Wedum 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, J A Wedum Foundation generated $32.9m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $29.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, J A Wedum Foundation has awarded 906 individual grants totaling $18,054,488. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
QUALITY HOUSING FOR SENIORS, PROVIDES EDUCATION SUPPORT TO FUTURE GENERATIONS AND IMPACTS COMMUNITIES THROUGH THEIR CHARITABLE GIVING.
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 |
|---|---|---|---|
Brian Myres Chair | 2 | $19,250 | |
David Kjos Treasurer | 1 | $1,750 | |
Dana Wedum Kennelly Trustee | 1 | $1,750 | |
Dawn Downs Trustee | 1 | $1,750 | |
Dayton Soby Secretary | 1 | $1,750 | |
Michele Kelm Helgen Trustee | 1 | $1,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Great Lakes Management Company | 12/30/23 | $466,050 |
Phs Management Llc | 12/30/23 | $432,346 |
Silvercrest Properties | 12/30/23 | $398,678 |
Ej Plesko & Associates Inc | 12/30/23 | $213,519 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,519,031 |
| Net Rental Income | $75,000 |
| Net Gain on Sale of Assets | $2,103,735 |
| Capital Gain Net Income | $2,103,735 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $29,247,272 |
| Total Revenue | $32,945,038 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $459,946 |
| Other employee salaries and wages | $197,110 |
| Pension plans, employee benefits | $45,260 |
| Interest | $2,002,052 |
| Taxes | $0 |
| Depreciation | $2,881,181 |
| Occupancy | $15,732,771 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,952,624 |
| Total operating and administrative expenses | $26,350,284 |
| Contributions, gifts, grants paid | $2,714,119 |
| Total expenses and disbursements | $29,064,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,909,626 |
| Net Accounts receivable | $719,211 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $7,030,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $122,896 |
| Net Investments - land, buildings, equipment | $24,258 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $86,445,871 |
| Other assets | $10,994,881 |
| Total assets | $164,265,416 |
| Accounts payable and accrued expenses | $3,687,632 |
| Grants payable | $1,315,000 |
| Deferred revenue | $356,377 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $67,276,887 |
| Other liabilities | $923,747 |
| Total liabilities | $73,559,643 |
Grants Awarded
Over the last fiscal year, J A Wedum Foundation has awarded $1,399,119 in support to 112 organizations.
| Grant Recipient | Amount |
|---|---|
AAHS DECA BOOSTER CLUB PURPOSE: GENERAL OPERATING | $5,000 |
ALEXANDRIA TECHNICAL COLLEGE FOUNDATION PURPOSE: GENERAL OPERATING | $60,000 |
ALEXANDRIA TECHNICAL COLLEGE FOUNDATION PURPOSE: BUILDING CAPITAL CAMPAIGN | $500,000 |
ALEXANDRIA TECHNICAL COLLEGE FOUNDATION PURPOSE: GENERAL OPERATING | $5,000 |
ALLINA ASSOCIATED FOUNDATION PURPOSE: GENERAL OPERATING | $20,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL OPERATING | $2,500 |