J Kruse Education Center Inc
- Assets
- $2.3m
- Revenue
- $260.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Auburn, IN
- Founding
- 06/2012
- Data as of
- 06/2024
- EIN
- 30-0707349
Organization Overview
J Kruse Education Center Inc is located in Auburn, IN. The organization was established in 2012. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, J Kruse Education Center Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J Kruse Education Center Inc 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, J Kruse Education Center Inc generated $260.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $413.2k during the year ending 06/2024. While expenses have increased by 9.2% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST INDIVIDUALS TOWARD SPECIFIC CAREER PATHS BY PROVIDING EDUCATIONAL RESOURCES. THE FOUNDATION FOCUSES ON CAREER EXPLORATIONS EXPERIENCE AND EDUCATION OF STUDENTS K-12. ALSO TO WORK WITH VETERANS UPON RETURNING TO THE WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST INDIVIDUALS TOWARD SPECIFIC CAREER PATHS BY PROVIDING EDUCATIONAL RESOURCES. THE FOUNDATION FOCUSES ON CAREER EXPLORATIONS EXPERIENCE AND EDUCATION OF STUDENTS K-12. ALSO TO WORK WITH VETERANS UPON RETURNING TO THE WORKFORCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roderick C Egan Board Member | Trustee | 2 | $0 |
Dennis K Kruse Board Member | Trustee | 2 | $0 |
John M Kruse Chair | OfficerTrustee | 20 | $0 |
Sarah K Noack Board Member | Trustee | 2 | $0 |
Edward Souers Secretary/tr | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,000 |
| Related organizations | $0 |
| Government grants | $197,367 |
| All other contributions, gifts, grants, and similar amounts not included above | $965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,332 |
| Total Program Service Revenue | $60,157 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,000 |
| Net Income from Fundraising Events | $5,729 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $260,218 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $185,019 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,761 |
| Advertising and promotion | $5,294 |
| Office expenses | $905 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $102,000 |
| Travel | $2,323 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,454 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,218 |
| Insurance | $2,383 |
| All other expenses | $32 |
| Total functional expenses | $413,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,117 |
| Savings and temporary cash investments | $0 |
| 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 | $13,589 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $94,662 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $369,250 |
| Other assets | $1,733,350 |
| Total assets | $2,279,968 |
| Accounts payable and accrued expenses | $80,493 |
| 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 | $115,450 |
| Secured mortgages and notes payable | $145,816 |
| Unsecured mortgages and notes payable | $213,559 |
| Other liabilities | $0 |
| Total liabilities | $555,318 |
| Net assets without donor restrictions | $1,724,650 |
| 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 | $2,279,968 |