J A Wedum Foundation

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 12/2021, J A Wedum Foundation generated $28.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $28.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, J A Wedum Foundation has awarded 618 individual grants totaling $13,337,004. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

NORWAY HOUSE-NORWAY HOUSE'S NEW INNOVATION AND CULTURE CENTER


MINNESOTA ADULT & TEEN CHALLENGE-FOR BUILDING THE CAMPUS IN ALEXANDRIA, MN


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)Compensation
Jay Portz
President
$383,135
Brian Myres
Chair
$19,250
David Kjos
Trustee
$1,750
Dayton Soby
Secretary
$1,750
Michele Kelm Helgen
Trustee
$1,750
Dawn Downs
Trustee
$1,750

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pope Architect
$535,809
Great Lakes Management Company
$467,680
Phs Management Llc
$236,219
Silvercrest Properties
$181,241
Ej Plesko & Associates Inc
$181,241
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $934,751
Net Rental Income$74,881
Net Gain on Sale of Assets $1,843,781
Capital Gain Net Income $1,843,781
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $25,588,271
Total Revenue $28,441,684

Grants Awarded

Over the last fiscal year, J A Wedum Foundation has awarded $2,988,700 in support to 95 organizations.

Grant RecipientAmount

UNIVERSITY OF MINNESOTA FOUNDATION

PURPOSE: SCHOLARSHIPS

$1,616,225

Minneapolis, MN

PURPOSE: GENERAL OPERATION SUPPORT

$325,000

FERGUS AREA COLLEGE FOUNDATION INC

Org PageRecipient Profile

Fergus Falls, MN

PURPOSE: SCHOLARSHIPS

$115,000

MINNESOTA ADULT & TEEN CHALLENGE

PURPOSE: GENERAL OPERATION SUPPORT

$100,000

ST CLOUD STATE UNIVERSITY

PURPOSE: SCHOLARSHIPS

$74,750

ALEXANDRIA AREA DECA FOUNDATION

PURPOSE: GENERAL OPERATION SUPPORT

$50,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that J A Wedum Foundation has recieved totaling $12,775.

Awarding OrganizationAmount
Randy Shaver Cancer Research And Community Fund

Minnetonka, MN

PURPOSE: PROVIDE DAILY MEALS TO FAMILIES OF PATIENTS AND FUNDS TO PURCHASE A PORTABLE LIFT

$12,775
View Grant Recipient Profile

Create an account to unlock the data you need.

or