Marvin M Jorgensen Charitable Tr is a 501(c)(3) organization based in Urbandale, Iowa, registered in 2022, with $100,446,187 in FY2024 revenue. CharityIndex grades it C, and it directs about 97% of spending to programs.
Revenue (FY2024)
$100.4M
▲ 2589.9% vs prior year
Health median: $840K
Expenses (FY2024)
$2.6M
Net assets
$76.7M
Employees
0
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Marvin M Jorgensen Charitable Tr: 97% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Marvin M Jorgensen Charitable Tr: 360 mo reserves · +97% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Marvin M Jorgensen Charitable Tr: 0 of 6 checks met earns a F on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Marvin M Jorgensen Charitable Tr: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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This trust shall be solely for the benefit of mayo clinic, rochester, minnesota.
Revenue grew from $3.9M (FY2022) to $100.4M (FY2024) across 3 reported years.
Financial snapshot
Operating margin
97.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$105.4M
Total liabilities
$28.7M
Net assets
$76.7M
Salaries & benefits
$0
0% of expenses
Board members
1
0 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $100,446,187▲2590% | $2,555,793▲1046% | $76,658,633▲934% | $105,358,633▲1321% | 990 |
| 2023 | $3,734,176▼4.4% | $223,048▲131881% | $7,415,628▲89.9% | $7,415,628▲89.9% | 990 |
| 2022 | $3,904,669 | $169 | $3,904,500 | $3,904,500 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Iowa State Bank | Trustee | 0 | — |
1 grant totaling $2.5M in FY2024. All grants made by Marvin M Jorgensen Charitable Tr →
| Recipient | Purpose | Amount |
|---|---|---|
| Mayo Clinic | Medical advances | $2,476,239 |
Explore more
Data for Marvin M Jorgensen Charitable Tr (EIN 87-6969181) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.