Clc Kramer Foundation Inc
- Assets
- $2.6m
- Revenue
- $523.6k
- Investments
- $2.3m
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 08/1967
- Data as of
- 09/2023
- EIN
- 13-6226513
Organization Overview
Clc Kramer Foundation Inc is located in Palm Beach Gardens, FL. The organization was established in 1967. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Clc Kramer Foundation Inc 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 09/2023, Clc Kramer Foundation Inc generated $523.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $633.1k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Clc Kramer Foundation Inc has awarded 183 individual grants totaling $2,998,895. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATIONS ACTIVITIES CONSIST OF MAINTAINING A PORTFOLIO SO AS TO MAKE GRANTS TO ORGANIZATIONS QUALIFYING AS IRS SEC 501 C 3 ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Davis Vice President Treasurer | 6 | $40,000 | |
Lawrence Rothenberg President | 6 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $78,974 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $444,641 |
| Capital Gain Net Income | $444,641 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $523,615 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $66 |
| Taxes | $10,128 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,456 |
| Total operating and administrative expenses | $150,400 |
| Contributions, gifts, grants paid | $482,650 |
| Total expenses and disbursements | $633,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $288,212 |
| 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 | $119,192 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,475 |
| Total assets | $2,616,608 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Clc Kramer Foundation Inc has awarded $482,650 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ALVIN AILEY DANCE FOUNDATION PURPOSE: GENERAL | $40,000 |
COMMUNITY SYNAGOGUE PURPOSE: GENERAL | $4,500 |
NEW YORK PRESBYTERIAN FUND INC PURPOSE: GENERAL | $15,000 |
BIG BEND CONSERVATION ALLIANCE PURPOSE: GENERAL | $10,000 |
BALLEN ISLES CHARITIES FOUNDATION PURPOSE: GENERAL | $15,000 |
TEMPL BETH EL PURPOSE: GENERAL | $4,000 |