George Kress Foundation
- Assets
- $16.1m
- Revenue
- $1.4m
- Investments
- $15.5m
- Employees
- 0
- Location
- Green Bay, WI
- Founding
- 03/1955
- Data as of
- 12/2021
- 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 12/2021, George Kress Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (27.2%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, George Kress Foundation has awarded 544 individual grants totaling $15,236,966. 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 | |
Ingrid Kress Trustee | 1 | $0 | |
Terry Swanson Trustee | 1 | $0 | |
William Kress Trustee | 1 | $0 | |
Marilyn Swanson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $419,298 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $943,767 |
| Capital Gain Net Income | $943,767 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,363,065 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,623 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36 |
| Total operating and administrative expenses | $106,053 |
| Contributions, gifts, grants paid | $3,250,282 |
| Total expenses and disbursements | $3,356,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,841 |
| Savings and temporary cash investments | $527,897 |
| 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 | $16,080,429 |
| 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 $4,215,282 in support to 163 organizations.
| Grant Recipient | Amount |
|---|---|
SYBLE HOPP SCHOOL PURPOSE: SCHOOL EXPANSION (2-3 OF 3) | $500,000 |
Sturgeon Bay, WI PURPOSE: CAPITAL CAMPAIGN | $500,000 |
Green Bay, WI PURPOSE: STEM FACILITY (4 OF 4) | $250,000 |
Green Bay, WI PURPOSE: FRAMING OUR FUTURE CAMPAIGN | $250,000 |
SYBLE HOPP SCHOOL PURPOSE: SCHOOL EXPANSION (1 OF 3) | $250,000 |
Green Bay, WI PURPOSE: BRAIN HEALTH AWARENESS, EDUCATION & ADVOCACY (2-3 OF 3) | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Irving S Gilmore Foundation Kalamazoo, MI | $388,410,325 | $41,180,610 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |