David And Annette Jorgensen
- Assets
- $7.6m
- Revenue
- $189.4k
- Investments
- $2.8m
- Employees
- 0
- Location
- Portola Valley, CA
- Founding
- 04/1988
- Data as of
- 12/2021
- EIN
- 94-3058478
Organization Overview
David And Annette Jorgensen is located in Portola Valley, CA. The organization was established in 1988. 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. David And Annette Jorgensen 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 12/2021, David And Annette Jorgensen generated $189.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $416.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, David And Annette Jorgensen has awarded 139 individual grants totaling $3,701,971. 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 |
|---|---|---|---|
David G Jorgensen President | 2 | $0 | |
Annette Jorgensen Vice President - Secretary | 2 | $0 | |
Thomas D Jorgensen Vice President | 0.5 | $0 | |
Jennifer A Jorgensen Vice President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,526 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $120,338 |
| Capital Gain Net Income | $120,338 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $65,548 |
| Total Revenue | $189,412 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,637 |
| Printing and publications | $0 |
| Other expenses | $122,080 |
| Total operating and administrative expenses | $184,149 |
| Contributions, gifts, grants paid | $232,570 |
| Total expenses and disbursements | $416,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,803,520 |
| 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 | $2,635,095 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,618,352 |
| 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, David And Annette Jorgensen has awarded $432,502 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANT INTERNATIONAL UNIVERSITY PURPOSE: EDUCATION | $6,000 |
CALIFORNIA POLICY CENTER PURPOSE: SOCIAL IMPROVEMENT | $30,000 |
CERTELL INC PURPOSE: EDUCATION | $5,000 |
CFACT PURPOSE: ENVIRONMENTAL PROTECTION | $2,000 |
CENTER FOR INDEPENDENT THOUGHT PURPOSE: EDUCATION | $50,000 |
FREE TO CHOOSE NETWORK PURPOSE: SOCIAL IMPROVEMENT | $100,000 |