Asbjorn Lunde Foundation
- Assets
- $22.1m
- Revenue
- $562.9k
- Investments
- $4.5m
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 09/2013
- Data as of
- 12/2022
- EIN
- 45-2609121
Organization Overview
Asbjorn Lunde Foundation is located in Newark, NJ. The organization was established in 2013. 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. Asbjorn Lunde Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Asbjorn Lunde Foundation has awarded 33 individual grants totaling $477,516. 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 |
|---|---|---|---|
Steven Kern President | 40 | $200,000 | |
John Philip Secretary | 3 | $0 | |
Madeline Lanciani Treasurer | 1 | $0 | |
Dr George Robb Director | 1 | $0 | |
Dr Kurt Sundstrom Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $870 |
| Dividends & Interest | $110,564 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $451,270 |
| Capital Gain Net Income | $451,270 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $226 |
| Total Revenue | $562,930 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $100,000 |
| Pension plans, employee benefits | $67,597 |
| Interest | $0 |
| Taxes | $11,906 |
| Depreciation | $0 |
| Occupancy | $26,386 |
| Travel, conferences, and meetings | $35,931 |
| Printing and publications | $0 |
| Other expenses | $69,260 |
| Total operating and administrative expenses | $585,339 |
| Contributions, gifts, grants paid | $183,000 |
| Total expenses and disbursements | $768,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $594 |
| Savings and temporary cash investments | $171,813 |
| 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 | $1,614,096 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $17,400,896 |
| Total assets | $22,122,516 |
| 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, Asbjorn Lunde Foundation has awarded $183,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF THE MAURITSHUIS PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
BALBOA ART CONSERVATION CENTER PURPOSE: FOR A PUBLIC ACCESS ROOM | $5,000 |
BINDLESTIFF FAMILY VARIETY ARTS PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
CHURCH STREET SCHOOL FOR MUSIC & ART PURPOSE: GENERAL OPERATING SUPPORT | $7,500 |
CURRIER MUSEUM OF ART PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
FRIENDS OF DUANE PARK PURPOSE: GENERAL OPERATING SUPPORT | $7,500 |