R & W Krause Foundation Inc
- Assets
- $73.6k
- Revenue
- $3.0k
- Investments
- $69.1k
- Employees
- 0
- Location
- Rockford, MI
- Founding
- 02/1967
- Data as of
- 10/2023
- EIN
- 38-6111582
Organization Overview
R & W Krause Foundation Inc is located in Rockford, MI. The organization was established in 1967. 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. R & W Krause 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 10/2023, R & W Krause Foundation Inc generated $3.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.2%) each year. All expenses for the organization totaled $8.6k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (17.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, R & W Krause Foundation Inc has awarded 19 individual grants totaling $143,982. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25 |
| Dividends & Interest | $3,566 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$606 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,985 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $57 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,677 |
| Total operating and administrative expenses | $3,484 |
| Contributions, gifts, grants paid | $5,150 |
| Total expenses and disbursements | $8,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,435 |
| 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 | $73,554 |
| 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, R & W Krause Foundation Inc has awarded $5,150 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ROCKFORD AREA COMMUNITY ENDOWMENT PURPOSE: COMMUNITY GROWTH INITIATIVE | $3,000 |
FOREST HILLS CENTRAL PUBLIC SCHOOL PURPOSE: EDUCATION ENHANCEMENT | $50 |
MARY FREE BED PURPOSE: HEALTH CARE ENHANCEMENT | $2,100 |