Paul & Dawn Sjolund Foundation
- Assets
- $80.3k
- Revenue
- $80.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Paul, MN
- Founding
- 03/1997
- Data as of
- 12/2022
- EIN
- 41-6421780
Organization Overview
Paul & Dawn Sjolund Foundation is located in Saint Paul, MN. The organization was established in 1997. 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. Paul & Dawn Sjolund 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 12/2022, Paul & Dawn Sjolund Foundation generated $80.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (36.3%) each year. All expenses for the organization totaled $209.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Paul & Dawn Sjolund Foundation has awarded 42 individual grants totaling $472,200. 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 |
|---|---|---|---|
Paul Sjolund Trustee | 10 | $12,000 | |
Dawn Sjolund Trustee | 5 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $80,000 |
| Interest on Savings | $292 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $80,292 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $21,482 |
| Interest | $0 |
| Taxes | $2,676 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,317 |
| Total operating and administrative expenses | $49,475 |
| Contributions, gifts, grants paid | $160,400 |
| Total expenses and disbursements | $209,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,260 |
| Savings and temporary cash investments | $0 |
| 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 | $80,260 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,770 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,770 |
Grants Awarded
Over the last fiscal year, Paul & Dawn Sjolund Foundation has awarded $160,400 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE DEFENSE FUND PURPOSE: MINISTRY | $2,000 |
CHILDREN'S SHELTER OF CEBU PURPOSE: SUPPORTING FAMILIES | $1,000 |
CONVERGE WORLDWIDE PURPOSE: CHURCH | $5,400 |
FAMILY RESEARCH COUNCIL PURPOSE: MINISTRY | $2,000 |
FRONTIERS PURPOSE: MINISTRY | $56,000 |
GRACE FELLOWSHIP PURPOSE: CHURCH | $40,000 |