Ernest J And Dorothy L Klimczak Foundation
- Assets
- $1.5m
- Revenue
- $80.6k
- Investments
- $1.4m
- Employees
- 0
- Location
- Portage, MI
- Founding
- 01/2011
- Data as of
- 06/2024
- EIN
- 27-1404539
Organization Overview
Ernest J And Dorothy L Klimczak Foundation is located in Portage, MI. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Ernest J And Dorothy L Klimczak 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 06/2024, Ernest J And Dorothy L Klimczak Foundation generated $80.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $118.7k during the year ending 06/2024. While expenses have increased by 2.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ernest J And Dorothy L Klimczak Foundation has awarded 12 individual grants totaling $450,000. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James H Koning President/tr | 0 | $0 | |
Diane L Koning Vp/secretary | 0 | $0 | |
Thomas A Klimczak Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,187 |
| Dividends & Interest | $34,567 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,828 |
| Capital Gain Net Income | $44,828 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $80,582 |
| 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 | $2,397 |
| Total operating and administrative expenses | $18,698 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $118,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $104,449 |
| 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 | $1,421,262 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,525,712 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $30,000 |
| 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 | $30,000 |
Grants Awarded
Over the last fiscal year, Ernest J And Dorothy L Klimczak Foundation has awarded $100,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KALAMAZOO COMMUNITY FOUNDATION PURPOSE: DONOR ADVISED NON ENDOWMENT FUND | $35,000 |
CHICAGO COMMUNITY FOUNDATION PURPOSE: DONOR ADVISED NON ENDOWED FUND | $30,000 |
RANDOLPH-MACON COLLEGE PURPOSE: DONOR ADVISED NON ENDOWMENT FUND | $35,000 |