Cremer Foundation Inc
- Assets
- $1.6m
- Revenue
- $76.5k
- Investments
- $1.5m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 10/1965
- Data as of
- 12/2022
- EIN
- 39-6086822
Organization Overview
Cremer Foundation Inc is located in Milwaukee, WI. The organization was established in 1965. 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. Cremer 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, Cremer Foundation Inc generated $76.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.4%) each year. All expenses for the organization totaled $368.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cremer Foundation Inc has awarded 48 individual grants totaling $1,056,250. 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 |
|---|---|---|---|
Holly L Cremer President & Treasurer | 1 | $0 | |
James A Berkenstadt Vice President | 1 | $0 | |
Rebecca Berkenstadt Director | 1 | $0 | |
Robert R Stroud Director | 0 | $0 | |
Marci Dubler Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,659 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,795 |
| Capital Gain Net Income | $36,795 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9 |
| Total Revenue | $76,463 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,316 |
| Depreciation | $0 |
| Occupancy | $19,213 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $462 |
| Total operating and administrative expenses | $45,446 |
| Contributions, gifts, grants paid | $323,250 |
| Total expenses and disbursements | $368,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,763 |
| Savings and temporary cash investments | $34,131 |
| 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 | $1,527,781 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,563,675 |
| 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, Cremer Foundation Inc has awarded $323,250 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
SUN PRAIRIE EAST HIGH SCHOOL PURPOSE: GENERAL OPERATING | $32,250 |
YWCA USA INC PURPOSE: GENERAL OPERATING | $30,000 |
HORIZON HIGH SCHOOL OF MADISON INC PURPOSE: GENERAL OPERATING | $10,000 |
OPERATION FRESH START INC PURPOSE: GENERAL OPERATING | $25,000 |
SALVATION ARMY OF DANE COUNTY PURPOSE: GENERAL OPERATING | $40,000 |
PLANNED PARENTHOOD OF WISCONSN INC PURPOSE: GENERAL OPERATING | $10,000 |