Ida C Koran Tr
- Assets
- $31.8m
- Revenue
- $3.4m
- Investments
- $26.4m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 08/1992
- Data as of
- 12/2022
- EIN
- 41-6124022
Organization Overview
Ida C Koran Tr is located in Milwaukee, WI. The organization was established in 1992. 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. Ida C Koran Tr 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, Ida C Koran Tr generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 0.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ida C Koran Tr has awarded 12 individual grants totaling $9,834,036. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Us Bank N A Trustee | 8 | $248,348 | |
Diana Lewis Trustee | 1 | $0 | |
Steve Fritze Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Scholarship America | 12/30/22 | $64,290 |
Aspire Management | 12/30/22 | $32,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $726,884 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,656,417 |
| Capital Gain Net Income | $2,656,417 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,085 |
| Total Revenue | $3,401,386 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $248,348 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $63,036 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $158,771 |
| Total operating and administrative expenses | $582,550 |
| Contributions, gifts, grants paid | $2,141,720 |
| Total expenses and disbursements | $2,724,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281 |
| Savings and temporary cash investments | $2,965,259 |
| 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 | $8,949,034 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,479,246 |
| Total assets | $31,838,186 |
| 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, Ida C Koran Tr has awarded $2,141,720 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIP AMERICA PURPOSE: ACADEMIC SCHOLARSHIPS | $1,375,400 |
HARSHIP GRANTS TO ECOLAB PASTPRESENT PURPOSE: HARDSHIP GRANTS | $766,320 |