Dorothy M & E Milton Kleven Family Foundation
- Assets
- $1.7m
- Revenue
- $104.2k
- Investments
- $1.6m
- Employees
- 0
- Location
- Eden Prairie, MN
- Founding
- 10/1962
- Data as of
- 12/2023
- EIN
- 41-6027419
Organization Overview
Dorothy M & E Milton Kleven Family Foundation is located in Eden Prairie, MN. The organization was established in 1962. 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. Dorothy M & E Milton Kleven 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, Dorothy M & E Milton Kleven Family Foundation generated $104.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $140.6k during the year ending 12/2023. While expenses have increased by 0.3% per year over the past 9 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 2014, Dorothy M & E Milton Kleven Family Foundation has awarded 184 individual grants totaling $1,376,841. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Kleven Co-Trustee | 1 | $0 | |
Bruce A Kleven Co-Trustee | 0.5 | $0 | |
Barbara D Birky Co-Trustee | 0.5 | $0 | |
Diane M Larson Co-Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,233 |
| Dividends & Interest | $81,803 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,291 |
| Capital Gain Net Income | $20,291 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $907 |
| Total Revenue | $104,234 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,261 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $4,646 |
| Contributions, gifts, grants paid | $136,000 |
| Total expenses and disbursements | $140,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,945 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,671,533 |
| 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, Dorothy M & E Milton Kleven Family Foundation has awarded $136,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN DIABETES ASSOCIATION PURPOSE: PROGRAM SUPPORT - PUBLIC CHARITY | $1,000 |
AUGSBURG UNIVERSITY PURPOSE: PROGRAM SUPPORT - EDUCATIONAL | $30,000 |
CAMP UBU - SERTOMA CONNECTIONS OF THE GREAT PLAINS PURPOSE: PROGRAM SUPPORT - PUBLIC CHARITY | $2,500 |
COMMUNITY EMERGENCY SERVICE PURPOSE: PROGRAM SUPPORT - PUBLIC CHARITY | $5,000 |
EVERY MEAL PURPOSE: PROGRAM SUPPORT - PUBLIC CHARITY | $1,500 |
FILL A MIND & HEART PURPOSE: PROGRAM SUPPORT - PUBLIC CHARITY | $500 |