Jonathan D Krist Foundation
- Assets
- $9.0k
- Revenue
- $82.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Boothbay Harbor, ME
- Founding
- 08/2007
- Data as of
- 12/2023
- EIN
- 20-5317072
Organization Overview
Jonathan D Krist Foundation is located in Boothbay Harbor, ME. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jonathan D Krist 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, Jonathan D Krist Foundation generated $82.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $530.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE NEED BASED SCHOLARSHIPS, GIVE GRANTS TO VARIOUS 501(C)(3) ORGANIZATIONS TO HELP SUPPORT THE FOUNDATIONS'S MUSIC WITH A MISSION PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE STUDY OF MUSIC, THE HUMANITIES AND THE ENVIRONMENT BY AWARDING GRANTS TO OTHER 501C3 ORGANIZATIONS AND SCHOLARSHIPS TO INDIVIDUALS WHO HAVE SHOWN INDIVIDUALITY IN THEIR CREATIVE PURSUITS.
TO PROMOTE THE STUDY OF MUSIC, THE HUMANITIES AND THE ENVIRONMENT BY DONATIONS TO NON-PROFIT ORGANIZATIONS THAT PROVIDE THE STUDY OF MUSIC,THE HUNANITIES AND THE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert C Krist Director | Trustee | 0 | $0 |
Margaret O Krist Director | Trustee | 10 | $7,500 |
Matthew O Krist Director | Trustee | 3 | $0 |
Brian A Krist Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,183 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,183 |
| Total Program Service Revenue | $0 |
| Investment income | $14,227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51,992 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,462 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $470,520 |
| Grants and other assistance to domestic individuals. | $44,120 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $7,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100 |
| Advertising and promotion | $160 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,988 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $530,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,989 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,989 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $8,989 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,989 |
Grants Awarded
Over the last fiscal year, Jonathan D Krist Foundation has awarded $447,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CAMINOS DE AGUA PURPOSE: TO IMPROVE HEALTH COMMUNITY WELL-BEING THROUGH ADEQUATE & AFFORDABLE ACCESS TO CLEAN WATER | $106,000 |
FRIENDS OF FOUNDATION ACADEMIES PURPOSE: TO FUND COLLEGE SCHOLARSHIPS AND MUSIC EDUCATION AT THIS SUCCESSFUL CHARTER SCHOOL IN TRENTON, NJ | $101,500 |
BIGELOW LAB PURPOSE: USE INNOVATIVE APPROACHES TO STUDY THE FOUNDATION OF GLOBAL OCEAN HEALTH AND UNLOCK ITS POTENTIAL TO IMPROVE THE FUTURE FOR ALL LIFE ON OUR PLANET. | $7,000 |
LACAWAC SANCTUARY PURPOSE: TO FUND THE BUS EXPENSES FOR UNDERSERVED STUDENTS IN WILKE-BARRE, PA, GIVING THEM ACCESS TO FIELD STUDIESPROGRAMS AND CLASSROOOM WORK AT LACAWAC SANCTUARY. | $103,000 |
ST IGNATIUS LOYOLA ACADEMY PURPOSE: TO PAY FOR THE ANNUAL BUS TRIP (FOR 6TH- 8TH GRADE BOYS) TO CAMP CRIMSON FOR THE NEXT SIX YEARS | $22,000 |
SOLEBURY SCHOOL PURPOSE: TO PROVIDE SCHOLARSHIPS AT SOLEBURY SCHOOL IN THE NAME OF THE HEADMASTER, TOM WILSHUTZ, WHO WAS INSTRUMENTALIN SUPPORTING OUR JAZZ ACADEMY AT HIS SCHOOL, FOR FIVE SUMMERS. | $100,000 |