Richard P Kimmel And Laurine Kimmel Charitable Foundation Inc
- Assets
- $14.9m
- Revenue
- $726.9k
- Investments
- $9.6m
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 02/1989
- Data as of
- 12/2023
- EIN
- 36-3617581
Organization Overview
Richard P Kimmel And Laurine Kimmel Charitable Foundation Inc is located in Lincoln, NE. The organization was established in 1989. 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. Richard P Kimmel And Laurine Kimmel Charitable Foundation 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 12/2023, Richard P Kimmel And Laurine Kimmel Charitable Foundation Inc generated $726.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Holmes Vice Preside | 0 | $0 | |
Tyler Crownover Director | 0 | $0 | |
Leonard Weyeneth President | 0 | $185,000 | |
Kyle Ryan Secretary | 0 | $0 | |
Ann Bruntz Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $142,691 |
| Dividends & Interest | $398,246 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $174,723 |
| Capital Gain Net Income | $174,723 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,236 |
| Total Revenue | $726,896 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $185,000 |
| Other employee salaries and wages | $170,488 |
| Pension plans, employee benefits | $45,719 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $18,580 |
| Occupancy | $70,021 |
| Travel, conferences, and meetings | $10,235 |
| Printing and publications | $0 |
| Other expenses | $101,637 |
| Total operating and administrative expenses | $618,231 |
| Contributions, gifts, grants paid | $1,038,356 |
| Total expenses and disbursements | $1,656,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $688,538 |
| Savings and temporary cash investments | $4,010,000 |
| 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 | $573,454 |
| Other assets | $0 |
| Total assets | $14,901,464 |
| 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 | $30,752 |
| Total liabilities | $30,752 |
Grants Awarded
Over the last fiscal year, Richard P Kimmel And Laurine Kimmel Charitable Foundation Inc has awarded $1,038,356 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KIMMEL ORCHARD & RESEARCH PURPOSE: CONTINUING EDUCATION/RESEARCH | $450,000 |
SEE ATTACHMENT PURPOSE: PUBLIC CHARITY | $538,356 |
KREGEL WINDMILL FDN PURPOSE: FDN GALLERY | $50,000 |