Krause Family Foundation Inc
- Assets
- $1.9m
- Revenue
- $100.4k
- Investments
- $1.6m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 03/2005
- Data as of
- 12/2022
- EIN
- 20-2017727
Organization Overview
Krause Family Foundation Inc is located in Naples, FL. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Krause Family 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 12/2022, Krause Family Foundation Inc generated $100.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $521.0 during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Krause Family Foundation Inc has awarded 92 individual grants totaling $391,512. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur B Krause Chairman | 2 | $0 | |
Meljay C Krause President | 2 | $0 | |
Richard A Krause Treasurer | 5 | $0 | |
James W Krause Director | 2 | $0 | |
Deborah Krause Dawes Secretary | 2 | $0 | |
Robert A Krause Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,095 |
| Dividends & Interest | $35,530 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $60,483 |
| Capital Gain Net Income | $60,483 |
| Net ST Capital Gain | $4,310 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,279 |
| Total Revenue | $100,387 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $61 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $521 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,866 |
| Savings and temporary cash investments | $256,256 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,912,896 |
| 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, Krause Family Foundation Inc has awarded $62,150 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BOWLING GREEN STATE UNIVERSITY PURPOSE: EDUCATION | $10,000 |
AVE MARIA UNIVERSITY PURPOSE: EDUCATION | $5,000 |
MIAMI OF OHIO PURPOSE: EDCUATION | $1,000 |
MAKE A WISH FOUNDATION WISCONSIN PURPOSE: SUPPORT CHILDREN WITH CRITICAL ILLNESSES | $1,000 |
CHILDRENS MUSEUM OF SUN PRAIRIE PURPOSE: EDUCATION | $1,000 |
BARSTOW IDEA SPACE PURPOSE: STEAM EDUCATION | $5,000 |