Korb Family Foundation Inc
- Assets
- $266.1k
- Revenue
- $15.3k
- Investments
- $248.0k
- Employees
- 0
- Location
- Fond Du Lac, WI
- Founding
- 02/2000
- Data as of
- 12/2022
- EIN
- 39-1979649
Organization Overview
Korb Family Foundation Inc is located in Fond Du Lac, WI. The organization was established in 2000. 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. Korb Family 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 12/2022, Korb Family Foundation Inc generated $15.3k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $38.0k during the year ending 12/2022. 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 |
|---|---|---|---|
Michael A Korb President | 0 | $0 | |
Stephanie D Korb Vice President | 0 | $0 | |
Catherine A Korb Vice President | 0 | $0 | |
Michael A Korb Secretarytreasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,682 |
| Dividends & Interest | $16,411 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,795 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,298 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $288 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $948 |
| Contributions, gifts, grants paid | $37,070 |
| Total expenses and disbursements | $38,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,152 |
| 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 | $266,145 |
| 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, Korb Family Foundation Inc has awarded $37,070 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
FOND DU LAC BLUE LINE CLUB PURPOSE: CHARITABLE EDUCATION | $5,000 |
ST MARYS SPRINGS ACADEMY PURPOSE: CHARITABLE EDUCATION | $3,545 |
AGNESIAN HEALTH CARE FOUNDATION PURPOSE: CHARITABLE EDUCATION | $4,800 |
MARIAN UNIVERSITY PURPOSE: CHARITABLE EDUCATION | $1,500 |
ST NORBERT COLLEGE PURPOSE: CHARITABLE EDUCATION | $100 |
UNIVERSITY OF ST THOMAS PURPOSE: CHARITABLE EDUCATION | $100 |