Jenny H & Otto F Krauss Charitable Foundation
- Assets
- $8.6m
- Revenue
- $177.0k
- Investments
- $8.3m
- Employees
- 0
- Location
- Roscommon, MI
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 38-2837174
Organization Overview
Jenny H & Otto F Krauss Charitable Foundation is located in Roscommon, MI. The organization was established in 0000. 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. Jenny H & Otto F Krauss 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 12/2022, Jenny H & Otto F Krauss Charitable Foundation generated $177.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $682.6k during the year ending 12/2022. While expenses have increased by 3.7% 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.
Since 2013, Jenny H & Otto F Krauss Charitable Foundation has awarded 262 individual grants totaling $4,797,500. 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 |
|---|---|---|---|
Alan F Krauss Trustee | 0 | $0 | |
Frederick G Krauss Trustee | 0 | $0 | |
Virginia D Krauss Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,076 |
| Dividends & Interest | $166,637 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,256 |
| Capital Gain Net Income | $9,256 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $176,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41,540 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,119 |
| Total operating and administrative expenses | $180,617 |
| Contributions, gifts, grants paid | $502,000 |
| Total expenses and disbursements | $682,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $281,807 |
| 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 | $8,558,837 |
| 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, Jenny H & Otto F Krauss Charitable Foundation has awarded $502,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATION TO RESCUE KRITTERS -ARK PURPOSE: GENERAL FUNDS | $5,000 |
ASSEMBLIES OF GOD PURPOSE: GENERAL FUNDS | $20,000 |
CAMP WESTMINSTER PURPOSE: GENERAL FUNDS | $30,000 |
BIG HEART ORPHANAGE PURPOSE: NEEDY CHILDREN | $15,000 |
CHALELET ROBOTICS INITATIVE PURPOSE: EDUCATIONAL | $25,500 |
DEPAUW UNIVERSITY PURPOSE: EDUCATIONAL NEEDS | $20,000 |