George Kress Foundation
- Assets
- $17.2m
- Revenue
- $4.7m
- Investments
- $17.0m
- Employees
- 0
- Location
- Green Bay, WI
- Founding
- 03/1955
- Data as of
- 12/2022
- EIN
- 39-6050768
Organization Overview
George Kress Foundation is located in Green Bay, WI. The organization was established in 1955. 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. George Kress 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, George Kress Foundation generated $4.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $3.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, George Kress Foundation has awarded 702 individual grants totaling $19,178,566. 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 |
|---|---|---|---|
Michelle Hansen President | 35 | $0 | |
William Kress Trustee | 1 | $0 | |
Marilyn Swanson Trustee | 1 | $0 | |
Ingrid Kress Trustee | 1 | $0 | |
Terry Swanson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $392,369 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $338,885 |
| Capital Gain Net Income | $338,885 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,731,254 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,410 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $76 |
| Total operating and administrative expenses | $111,354 |
| Contributions, gifts, grants paid | $3,461,600 |
| Total expenses and disbursements | $3,572,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,765 |
| Savings and temporary cash investments | $239,966 |
| 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 | $17,231,002 |
| 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, George Kress Foundation has awarded $3,941,600 in support to 158 organizations.
| Grant Recipient | Amount |
|---|---|
ASHTABULA COUNTY CIVIC DEVELOPMENT CORPORATION PURPOSE: INTENT TO GIVE CAMPAIGN (2 OF 2) | $10,000 |
ALDO SANTAGA MEMORIAL FUND PURPOSE: ALDO PIEROSANTAGA | $1,000 |
ASHWAUBENON PERFORMING ARTS CENTER - ASHWAUBENON SCHOOL DISTRICT PURPOSE: SPONSORSHIP FOR FAMILY PERFORMANCES | $5,000 |
ASPIRO PURPOSE: PROGRAM SUPPORT | $2,500 |
BAIRD CREEK PRESERVATION FOUNDATION PURPOSE: BAIRD CREEK SKILLS COURSE | $60,000 |
BELLIN HEALTH FOUNDATION PURPOSE: IN FULL EMBRACE (1 OF 4) | $250,000 |