Kraak Charitable Foundation
- Assets
- $1.4m
- Revenue
- $78.6k
- Investments
- $1.4m
- Employees
- 0
- Location
- Bellevue, OH
- Founding
- 10/2001
- Data as of
- 12/2021
- EIN
- 34-1960643
Organization Overview
Kraak Charitable Foundation is located in Bellevue, OH. 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. Kraak 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 12/2021, Kraak Charitable Foundation generated $78.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $72.6k during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 7 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, Kraak Charitable Foundation has awarded 80 individual grants totaling $389,731. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Woitha President | 0.5 | $0 | |
Brian Offenburg Vice Preside | 0 | $0 | |
Glenn Cunningham Secretary/tr | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,459 |
| Dividends & Interest | $27,916 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,239 |
| Capital Gain Net Income | $49,239 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $78,614 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,779 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,618 |
| Total operating and administrative expenses | $13,397 |
| Contributions, gifts, grants paid | $59,200 |
| Total expenses and disbursements | $72,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,715 |
| 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 | $1,686 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $694,770 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,365,471 |
| 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, Kraak Charitable Foundation has awarded $59,200 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Fremont, OH PURPOSE: MINISTRY | $10,000 |
HEARTBEAT HOPE MEDICAL PURPOSE: EARN WHILE YOU LEARN PROGRAM | $10,000 |
Fremont, OH PURPOSE: ADOPT MORTGAGE/SPONSOR A DAY PROGRAM | $9,700 |
SANDUSKY CO EMERGENCY FOOD PANTRY PURPOSE: FOOD FOR THE NEEDY OF SANDUSKY CO | $8,000 |
FRIENDSHIP BAPTIST CHURCH PURPOSE: COMPASSIONATE MINISTRIES FELLOWSHIP | $8,000 |
SANDUSKY CO AGRICULTURAL SOCIETY PURPOSE: BUILDING CAMPAIGN | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Third Federal Foundation Cleveland, OH | $35,709,526 | $3,618,702 |
Gii Charities Grand Rapids, MI | $4,065,002 | $6,112,431 |
Star Foundation Bethlehem, PA | $0 | $17,247 |
Westfield Insurance Foundation Westfield Center, OH | $42,931,784 | $4,362,594 |
Giant Eagle Foundation Pittsburgh, PA | $15,044,604 | $6,408,453 |
Morgan Family Foundation Yellow Springs, OH | $51,827,477 | $1,582,241 |
Harry M And Violet Turner Charitable Trust Springfield, OH | $29,217,065 | $2,348,308 |
Penske Foundation Inc Bloomfield Hills, MI | $17,008,099 | $10,243,924 |
Alexander And Sarah Cutler Family Foundation Gates Mills, OH | $2,958,061 | $1,879,230 |
Clyde And Maycel Clark Foundation Inc Portsmouth, OH | $18,068,185 | $1,230,534 |