Is Everett And Marilyn Jensen Familyfoundation Legit?

The Everett And Marilyn Jensen Familyfoundation appears to be a small, private foundation primarily focused on grantmaking, as indicated by its NTEE code T20 (Private Grantmaking Foundations). The organization consistently maintains a stable asset base, hovering around $300,000-$330,000 over the past decade, with current assets at $318,593. Its revenue and expenses are relatively low, with the latest reported revenue at $55,434. A notable financial characteristic is the consistent reporting of zero officer compensation across all available filings, suggesting that the foundation is run by unpaid volunteers or trustees, which is common for smaller family foundations. The foundation's liabilities are consistently minimal, often reported as $1 or $0, indicating a very healthy balance sheet with virtually no debt. While specific program spending details are not provided in the summary data, the nature of a private grantmaking foundation implies that its primary 'program' is the distribution of grants. The absence of officer compensation significantly reduces administrative overhead. However, without a detailed breakdown of other expenses (e.g., investment management fees, legal, accounting), it's challenging to precisely determine the efficiency of its grantmaking operations. The foundation's financial stability and lack of executive compensation are positive indicators of responsible stewardship. Transparency is generally good given the availability of 10 years of IRS 990 filings. These filings provide a clear picture of its revenue, expenses, and assets over time. The consistent reporting of minimal liabilities and zero officer compensation enhances its transparency profile, demonstrating a clear financial structure and a commitment to not using foundation funds for executive salaries.