Noren Foundation Tr
- Assets
- $4.3m
- Revenue
- $212.8k
- Investments
- $4.3m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 02/2015
- Data as of
- 06/2024
- EIN
- 47-6698438
Organization Overview
Noren Foundation Tr is located in Cincinnati, OH. The organization was established in 2015. 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. Noren Foundation Tr 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 06/2024, Noren Foundation Tr generated $212.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $326.7k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Noren Foundation Tr has awarded 73 individual grants totaling $1,503,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $132,315 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,328 |
| Capital Gain Net Income | $76,328 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,139 |
| Total Revenue | $212,782 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,970 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $305 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $66,685 |
| Contributions, gifts, grants paid | $260,000 |
| Total expenses and disbursements | $326,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2 |
| Savings and temporary cash investments | $46,746 |
| 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 | $1,614,668 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,310,735 |
| 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, Noren Foundation Tr has awarded $260,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
LACES OF LOVE CHARITABLE FOUNDATION PURPOSE: GENERAL | $20,000 |
NEW HOPE CLINIC INC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
VALERIES HOUSE INC PURPOSE: GENERAL | $20,000 |
J ARTHUR DOSHER MEMORIAL HOSPITAL PURPOSE: PROJECT/PROGRAM SUPPORT | $30,000 |
HOPE HARBOR HOME INC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
METROPOLITAN MINISTRIES INC PURPOSE: GENERAL OPERATION SUPPORT | $25,000 |