Kraus Family Foundation
- Assets
- $17.2m
- Revenue
- $3.1m
- Investments
- $11.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1999
- Data as of
- 08/2021
- EIN
- 13-3921376
Organization Overview
Kraus Family Foundation is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Kraus Family Foundation 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 08/2021, Kraus Family Foundation generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 43.4% each year . All expenses for the organization totaled $1.6m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT ORGANIZATIONS EXEMPT UNDER INTERNAL REVENUE CODE 501(C)(3).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter S Kraus Trustee | 1 | $0 | |
Jill G Kraus Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,494,695 |
| Interest on Savings | $10,723 |
| Dividends & Interest | $551,206 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,707 |
| Capital Gain Net Income | $17,707 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,074,331 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $15 |
| Taxes | $25,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,100 |
| Total operating and administrative expenses | $68,420 |
| Contributions, gifts, grants paid | $1,522,225 |
| Total expenses and disbursements | $1,590,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,386,363 |
| 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 | $9,973,230 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,179,395 |
| 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 | $5,000 |
| Total liabilities | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |
Nsn Foundation Inc Roseland, NJ | $55,407,565 | $72,760,212 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Massmutual Foundation Inc Springfield, MA | $16,295,000 | $8,380,000 |
Brooklyn Community Foundation Brooklyn, NY | $117,862,940 | $42,787,989 |
The@macmillan Family Foundation Inc New York, NY | $313,323,783 | $55,336,840 |
Foundation For Opioid Response Efforts New York, NY | $121,364,686 | $9,522,193 |
Friends Of Ahavat Shalom Inc Monsey, NY | $3,129,424 | $10,586,531 |
Barnett & Annalee Newman Foundation Tr New York, NY | $11,118,262 | $1,105,539 |
Zimmer Family Foundation Inc Saddle River, NJ | $21,093,817 | $10,817,000 |
Lone Pine Foundation Inc Greenwich, CT | $70,601,962 | $14,308,044 |