Erika Kate Foundation
- Assets
- $49.0k
- Revenue
- $5.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Muscatine, IA
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 20-5940369
Organization Overview
Erika Kate Foundation is located in Muscatine, IA. The organization was established in 2007. 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. Erika Kate 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 12/2021, Erika Kate Foundation generated $5.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (36.2%) each year. All expenses for the organization totaled $6.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (32.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION APPROVED 8 NEED BASED GRANTS RANGING FROM 200 - 1,200. THESE GRANTS WERE USED TO MEET THE FINANCIAL HARDSHIP OF THE RECIPIENTS DUE TO A CHILD WHO HAS BEEN DIAGNOSED WITH AND IS UNDERGOING TESTING OR TREATMENT FOR A SERIOUS HEART- RELATED PROBLEM. THE FINANCIAL HARDSHIP OCCURS DUE TO THE NEED TO COVER TRAVEL, LODGING AND OTHER EXPENSES ASSOCIATED WITH THE PARENTS OR LEGAL GUARDIANS CHILD'S MEDICAL PROBLEM THAT ARE NOT COVERED BY INSURANCE WHICH IS THE ORGANIZATIONS CHARITABLE MISSION. THE FOUNDATION PAID THE SHIPPING COSTS TO SEND CARE PACKAGES AND BIBLES TO GRANT RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vicki Jones Secretary | 0.5 | $9,684 | |
Traci Maynard President | 0.5 | $0 | |
Mary Sievers Treasurer | 0.5 | $0 | |
Erika Holtz Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,212 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,212 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $165 |
| Total operating and administrative expenses | $1,063 |
| Contributions, gifts, grants paid | $5,672 |
| Total expenses and disbursements | $6,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,974 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $48,974 |
| 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, Erika Kate Foundation has awarded $5,672 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS GRANTS UNDER 1000 PURPOSE: EXEMPT CHARITABLE HEALTH CRISIS GRAN | $2,415 |
LILIANA CATARINO-RODRIQUEZ PURPOSE: EXEMPT CHARITABLE HEALTH CRISIS GRAN | $1,200 |
MONAE JOHNSON PURPOSE: EXEMPT CHARITABLE HEALTH CRISIS GRAN | $1,057 |
MELANIE HERMANN PURPOSE: EXEMPT CHARITABLE HEALTH CRISIS GRAN | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Erika Kate Foundation has recieved totaling $1,899.
| Awarding Organization | Amount |
|---|---|
Hni Charitable Foundation Muscatine, IA PURPOSE: HEALTH & HUMAN SERVICES - QUAD CITY MARATHON TEAM AND MEMBER MATCH | $1,899 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |
Sunshine Charitable Foundation Libertyville, IL | $0 | $4,219,972 |
Tracy Family Foundation Mt Sterling, IL | $19,754,710 | $6,714,098 |
Chicagobeyond Inc Chicago, IL | $1,837,444 | $0 |
Conduit Foundation Chicago, IL | $3,365,161 | $7,119,515 |
Anahata Foundation Chicago, IL | $150,849,919 | $3,685,553 |
Kaena Foundation Minneapolis, MN | $0 | $2,288,902 |