Kenneth Kratz Family Charitable Foundation
- Assets
- $692.2k
- Revenue
- $40.9k
- Investments
- $687.0k
- Employees
- 0
- Location
- Creedmoor, NC
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 25-6667064
Organization Overview
Kenneth Kratz Family Charitable Foundation is located in Creedmoor, NC. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Kenneth Kratz Family 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 12/2022, Kenneth Kratz Family Charitable Foundation generated $40.9k 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 (3.5%) each year. All expenses for the organization totaled $79.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Kenneth Kratz Family Charitable Foundation has awarded 47 individual grants totaling $306,100. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,869 |
| 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 | $40,869 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $568 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40 |
| Total operating and administrative expenses | $16,608 |
| Contributions, gifts, grants paid | $63,100 |
| Total expenses and disbursements | $79,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,010 |
| 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 | $253 |
| Total assets | $692,244 |
| Accounts payable and accrued expenses | $9,708 |
| 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 | $9,708 |
Grants Awarded
Over the last fiscal year, Kenneth Kratz Family Charitable Foundation has awarded $63,100 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HARGRAVE MILITARY ACADEMY PURPOSE: GENERAL FUND | $20,000 |
SOUTHBRIDGE FELLOWSHIP PURPOSE: GENERAL FUND | $15,000 |
YMCA OF THE TRIANGLE AREA INC PURPOSE: WE BUILD PEOPLE CAMPAIGN | $5,100 |
TRINITY ACADEMY PURPOSE: YEAR-END APPEAL | $20,000 |
YMCA OF THE TRIANGLE AREA INC PURPOSE: GENERAL FUND | $3,000 |