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Kojensen Foundation EIN 83-4704899 Form 990 (PDF) Claim this org

Kojensen Foundation FY2023 filing

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A private foundation based in Germantown, MD. It reported about $254K in revenue for 2023. For fiscal year 2023 it reported $254K in revenue, $52K in expenses, and $263K in net assets.Pt I

Type
Private foundation / grantmaker · Youth Development
Location
Germantown, MD
Filings
5 on file (2020–2023)
Revenue
$254KFY2023
Expenses
$52K
Net assets
$263K
People
0
Filings
5
Updates
0
More identity details & actions ⌄
EIN  83-4704899 Private foundation / grantmaker Germantown, MD
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
A private foundation based in Germantown, MD. It reported about $254K in revenue for 2023.
Money in and out
$254K revenue, $52K expenses
Bottom line
—
Grants paid & assets · FY2023
Total revenue
$254K
Pt VIII · Ln 12
Total expenses
$52K
Pt IX · Ln 25
Net assets
$263K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $202K
Total assets
263K
deployed as grants and operations
Grants paid
21K
in FY2023
Grants made
8grants
total in period
Payout rate
8%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 8 grants · $34K · 2024–2024
With Open Arms INCFY2024$10,000
University of Maryland Baltimore CountyFY2024$6,318
Viktorious FoundationFY2024$6,000
Ubora Leadership InstituteFY2024$3,000
Glo Executive Services INCFY2024$2,750
Tsm 14 Enterprise CorpPA · FY2024$2,500
Scholarship Essay AwardeesFY2024$2,500
Boys & Girls Clubs of Greater WashingtonFY2024$1,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV1
Average grantPart XV$4K
Median grantPart XV$3K
Largest grantPart XV$10K
Top cause focusNTEERecreation & Sports (12%)

Summary of the Filing

Part I · fiscal year 2023 · Form 990-PF
Revenue
$254K
FY2023▲ +361%
Expenses
$52K
FY2023
Total assets
$263K
FY2023▲ +163%
Total liabilities
$0
FY2023
Total revenue
$254K
Pt VIII · Ln 12
Total expenses
$52K
Pt IX · Ln 25
Net assets
$263K
Pt X · Ln 32
Total assetsPt II$263K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKojensen Foundation
EINHdr · item D83-4704899
Principal addressHdr · item CGermantown, MD
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFMay 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Kojensen Foundation executive salaries →

Statement of Revenue

Part VIII
Contributions & grants100%$254K
Investment income$95
Total revenueLn 12$254K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.41 Operating & administrative $0.59
Grants & contributions paid41%$21K
Operating & administrative59%$31K
Total functional expensesLn 25$52K

Balance Sheet

Part X · end of year
CashLn 1$263K
Total assetsLn 16$263K
Total liabilitiesLn 26$0
Total net assetsLn 32$263K
Months of cash on handcomputed61.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $263K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $254K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $254K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $254K · Prior year $55K
+361%
Net-asset trend (YoY)
End of year $263K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $254K · Expenses $52K
+80%
Liabilities-to-Assets
Total liabilities — · Total assets $263K
—
Net-asset ratio
Net assets $263K · Total assets $263K
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $52K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 361%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$146K revenue · ⤓ 990 PDF
FY2023$254K revenue · viewing · ⤓ 990 PDF
FY2022$55K revenue · ⤓ 990 PDF
FY2021$10K revenue · ⤓ 990 PDF
FY2020$25K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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