EIN 41-6035163

Jerome Foundation

IRS 501(c) type
501(c)(3)
Num. employees
3
Year formed
1964
Most recent tax filings
2023-04-01
NTEE code, primary
Description
The Jerome Foundation seeks to contribute to a dynamic and evolving culture by supporting the creation, development, and production of new works by early career/emerging artists.
Total revenues
$6,385,622
2023
Total expenses
$8,863,431
2023
Total assets
$108,766,911
2023
Num. employees
3
2023

Program areas at Jerome Foundation

General grants program and service program: the Foundation awards grants to organizations in Minnesota and new york city to commission, produce, present or exhibit emerging artists through the general grants program. Organizations serving artists in dance, literature, media, multidiscipline arts, music, theater, and visual arts are all supported. The Foundation also donates time and related expenses of staff to other nonprofit organizations, individual artists, government agencies and nonprofit task forces and committees as deemed appropriate and as allowed by conflict of interest policies.
New york city film, video, and digital production grant program: ($475,671)new york city film, video, and digital production grants are awarded to emerging film, video and digital artists to produce specific proposed film projects. The program supports narrative, experimental, animated and documentary film genres, with grants awarded to the film director(s) who retains ultimate creative control. New york city filmmakers are judged annually and grants awarded in separate grants competitions.minnesota film, video, and digital production grant program: ($90,030)minnesota film, video, and digital production grants are awarded to emerging film, video and digital artists to produce specific proposed film projects. The program supports narrative, experimental, animated and documentary film genres, with grants awarded to the film director(s) who retains ultimate creative control. Minnesota filmmakers are judged annually and grants awarded in separate grants competitions.
Travel and study grant program : travel and study grants are awarded to allow emerging artists and minnesota-based arts administrators to travel for purposes of professional development, research and artistic enrichment. Specific disciplines are supported in alternating years: in 2016, artists in literature, dance and film/video/digital production were supported.

Grants made by Jerome Foundation

GranteeGrant descriptionAmount
Propel NonprofitsSupport for the Seeding Cultural Treasures, A Minnesota-Based Collaborative - Cont. Funding Initiative To Support Bipoc Arts Organizations$300,000
The Loft Literary CenterSupport for Literature Organization Working With Early Career Artists$246,000
Minneapolis College of Art and Design (MCAD)Support for Visual Arts Organization Working With Early Career Artists$210,000
...and 75 more grants made totalling $3,368,200

Personnel at Jerome Foundation

NameTitleCompensation
Eleanor SavagePresident and Chief Executive Officer$145,667
Ben CameronPresident$314,104
Lann BrielProgram Director$72,170

Financials for Jerome Foundation

RevenuesFYE 04/2023
Total grants, contributions, etc.$25
Investment income and dividends$2,440,884
Net rental income$0
Net gain from sale of non-inventory assets$3,915,983
Gross sales of inventory$0
Miscellaneous revenues$28,730
Total revenues$6,385,622

Form 990s for Jerome Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-042023-09-06990PFView PDF
2022-042022-08-12990PFView PDF
2021-042021-08-19990PFView PDF
2020-042020-11-18990PFView PDF
2019-042019-12-03990PFView PDF
...and 7 more Form 990s

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Data update history
December 3, 2023
Posted financials
Added Form 990PF for fiscal year 2023
December 2, 2023
Updated personnel
Identified 2 new personnel
November 27, 2023
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2022
May 6, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsTax deductible donations
General information
Address
550 Vandalia St 109
Saint Paul, MN 55114
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
Website URL
jeromefdn.org/ 
Phone
(651) 224-9431
IRS details
EIN
41-6035163
Fiscal year end
April
Taxreturn type
Form 990-PF
Year formed
1964
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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