Krane Foundation
- Assets
- $87.6k
- Revenue
- $33.8k
- Investments
- $69.5k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/1991
- Data as of
- 07/2022
- EIN
- 36-3719492
Organization Overview
Krane Foundation is located in Chicago, IL. The organization was established in 1991. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Krane 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 07/2022, Krane Foundation generated $33.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (31.5%) each year. All expenses for the organization totaled $34.3k during the year ending 07/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Karen Dalton Secretary | 0.5 | $0 | |
Marie C Bergman Director | 0.5 | $0 | |
Howard G Krane President | 0.5 | $0 | |
Hilary K Krane Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $1,627 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,182 |
| Capital Gain Net Income | $32,182 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,814 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $377 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,801 |
| Total operating and administrative expenses | $4,782 |
| Contributions, gifts, grants paid | $29,500 |
| Total expenses and disbursements | $34,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,075 |
| 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 | $0 |
| Total assets | $87,591 |
| Accounts payable and accrued expenses | $669 |
| 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 | $669 |
Grants Awarded
Over the last fiscal year, Krane Foundation has awarded $29,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: PROVIDING EDUCATION OPPORTUNITIES | $25,000 |
UNIVERSITY OF CHICAGO MEDICAL CENTER PURPOSE: FOREFRONT FUNDING | $3,500 |
Chicago, IL PURPOSE: AS NEEDED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |
Big Ten Academic Alliance Champaign, IL | $13,766,841 | $9,203,675 |
P E O Foundation Des Moines, IA | $140,487,423 | $16,863,604 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Holy Family Ministries Chicago, IL | $16,241,007 | $8,503,495 |
Middlebury Community Schools Employee Benefit Trust Middlebury, IN | $1,426,617 | $4,992,187 |
Drexel Funds Milwaukee, WI | $18,531,220 | $8,522,964 |
Indianapolis Public Schools Education Foundation Inc Indianapolis, IN | $8,991,095 | $5,839,882 |
North Central States Regional Council Of Carpenters Trng Fund Eau Claire, WI | $10,404,488 | $4,232,713 |
Sand County Foundation Inc Madison, WI | $15,482,706 | $6,154,396 |
Jocotoco Conservation Foundation Chicago, IL | $1,868,451 | $2,719,939 |