Al And Irene Kurtenbach Foundation
- Assets
- $166.2k
- Revenue
- $49.4k
- Investments
- $156.9k
- Employees
- 0
- Location
- Brookings, SD
- Founding
- 05/2006
- Data as of
- 12/2022
- EIN
- 20-2752615
Organization Overview
Al And Irene Kurtenbach Foundation is located in Brookings, SD. The organization was established in 2006. 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. AL And Irene Kurtenbach 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 12/2022, AL And Irene Kurtenbach Foundation generated $49.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $22.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, AL And Irene Kurtenbach Foundation has awarded 34 individual grants totaling $201,000. 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 |
|---|---|---|---|
Aelred J Kurtenbach President | 1 | $0 | |
Lisa A Glanzer Secretary | 1 | $0 | |
Matthew J Kurtenbach Treasurer | 1 | $0 | |
Irene F Kurtenbach Vice President | 1 | $0 | |
Paula L Kurtenbach Director | 1 | $0 | |
Carla S Gatzke Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $42,806 |
| Interest on Savings | $16 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,537 |
| Capital Gain Net Income | $6,537 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30 |
| Total Revenue | $49,389 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $227 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,010 |
| Total operating and administrative expenses | $2,941 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $22,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,310 |
| Savings and temporary cash investments | $0 |
| 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 | $141,960 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $166,236 |
| 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, Al And Irene Kurtenbach Foundation has awarded $20,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF THE NORTHERN PLAINS INC PURPOSE: GENERAL ASSISTANCE | $5,000 |
ST THOMAS MOORE PARISH SCHOOL ENDOWMENT PURPOSE: GENERAL ASSISTANCE | $5,000 |
CATHOLIC COMMUNITY FOUNDATION FOR EASTERN SOUTH DAKOTA PURPOSE: GENERAL ASSISTANCE | $5,000 |
WESTERN DAKOTA CAMP ASSOCIATION PURPOSE: GENERAL ASSISTANCE | $2,500 |
CRAZY HORSE MEMORIAL FOUNDATION PURPOSE: GENERAL ASSISTANCE | $2,500 |