Rosemary L And John P Mortensen Foundation
- Assets
- $3.4m
- Revenue
- $1.4m
- Investments
- $1.4m
- Employees
- 0
- Location
- Green Bay, WI
- Founding
- Data as of
- 12/2022
- EIN
- 85-6781091
Organization Overview
Rosemary L And John P Mortensen Foundation is located in Green Bay, WI. 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. Rosemary L And John P Mortensen 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, Rosemary L And John P Mortensen Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $198.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Rosemary L And John P Mortensen Foundation has awarded 78 individual grants totaling $278,118. 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 |
|---|---|---|---|
John Mortensen President | 1 | $0 | |
Rosemary Mortensen Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,228 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,358,579 |
| Capital Gain Net Income | $1,559,776 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,400,807 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $52,391 |
| Taxes | $26,345 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $80,851 |
| Contributions, gifts, grants paid | $117,572 |
| Total expenses and disbursements | $198,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,006,276 |
| 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 | $3,420,862 |
| 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, Rosemary L And John P Mortensen Foundation has awarded $117,572 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
ACTS 18 FOUNDATION PURPOSE: PROVIDE FUNDING FOR RESEARCH | $500 |
ALZHEIMER'S ASSOCIATION PURPOSE: PROVIDE FUNDING FOR RESEARCH | $450 |
AMERICAN CIVIL LIBERTIES UNION PURPOSE: PROVIDE FUNDING FOR RESEARCH | $100 |
AMERICAN HEART ASSOCIATION PURPOSE: PROVIDE FUNDING FOR RESEARCH | $103 |
BE A LIGHT OF DE PERE PURPOSE: PROVIDE FUNDING FOR RESEARCH | $500 |
AMERICAN LEGION POST 11 FOUNDATION PURPOSE: PROVIDE FUNDING FOR RESEARCH | $500 |