Bev B Lohrman Grossman Foundation
- Assets
- $9.3k
- Revenue
- $13.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Osakis, MN
- Founding
- Data as of
- 12/2023
- EIN
- 86-2561643
Organization Overview
Bev B Lohrman Grossman Foundation is located in Osakis, MN. 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. Bev B Lohrman Grossman 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, Bev B Lohrman Grossman Foundation generated $13.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $14.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
"B" FISHING EVENT JUST THE BEV B LOHRMAN GROSSMAN FOUNDATION 79 PARTICIPANTS MANY DONORS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Lohrman President | 3.23 | $0 | |
Julie Lohrman Trustee | 0.01 | $0 | |
Sara Lohrman Tresurer | 0.01 | $0 | |
Jessica Lohrman Secretary | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,375 |
| Interest on Savings | $0 |
| 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 | $13,375 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $159 |
| Other expenses | $4,521 |
| Total operating and administrative expenses | $4,680 |
| Contributions, gifts, grants paid | $9,288 |
| Total expenses and disbursements | $13,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,286 |
| 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 | $9,286 |
| 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, Bev B Lohrman Grossman Foundation has awarded $9,288 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MN STATE HIGH SCHOOL COACHES ASSOICATION PURPOSE: WOMEN 4 WOMEN COACHES SYPOSIUM | $1,000 |
GRANIT ROTARY CLUB OF ST CLOUD PURPOSE: SUPPORTING CHILDREN'S ADVANCEMENT | $140 |
ALEXANDRIA PUBLIC SCHOOLS PURPOSE: PUBLIC ALEXANDRIA SCHOOL'S TRACK AND FIELD BOOSTER CLUB AND SUPPORT | $8,148 |