Karl And Mildred Niekamp Charitable Foundation
- Assets
- $2.1m
- Revenue
- $96.6k
- Investments
- $2.0m
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 06/2005
- Data as of
- 12/2023
- EIN
- 20-2790169
Organization Overview
Karl And Mildred Niekamp Charitable Foundation is located in Wheeling, WV. 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. Karl And Mildred Niekamp Charitable 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 12/2023, Karl And Mildred Niekamp Charitable Foundation generated $96.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $233.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Karl And Mildred Niekamp Charitable Foundation has awarded 91 individual grants totaling $1,188,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas C Oconnor Trustee | 1.5 | $15,580 | |
William J Yaeger Jr Trustee | 2 | $20,254 | |
Robert J Krall Trustee | 1.5 | $20,254 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,696 |
| Dividends & Interest | $94,376 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$509 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $96,563 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $56,088 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $410 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,218 |
| Total operating and administrative expenses | $58,716 |
| Contributions, gifts, grants paid | $174,500 |
| Total expenses and disbursements | $233,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,737 |
| Savings and temporary cash investments | $20,993 |
| 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 | $690,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,090,114 |
| 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, Karl And Mildred Niekamp Charitable Foundation has awarded $174,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
WHEELING SYMPHONY PURPOSE: YOUNG PEOPLES CONCERT | $5,000 |
MARSHALL COUNTY HISTORICAL SOCIETY PURPOSE: COCKAYNE FARMHOUSE GENERAL OPERATIONS | $5,000 |
SIMPSON UNITED METHODIST CHURCH PURPOSE: FEEDING PEOPLE & SOUL KITCHEN | $20,000 |
STRAND THEATRE PRESERVATION SOCIETY PURPOSE: STAGE RENOVATION | $50,000 |
MOUNDSVILLE MIDDLE SCHOOL PURPOSE: STUDENT ASSISTANCE FUND AND ART DEPARTMENT GRANT | $20,000 |
CENTRAL ELEMENTARY SCHOOL PURPOSE: STUDENT ASSISTANCE FUND | $5,000 |