Krause Gentle Foundation
- Assets
- $8.5m
- Revenue
- $12.4k
- Investments
- $8.4m
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 06/1994
- Data as of
- 12/2022
- EIN
- 42-1414004
Organization Overview
Krause Gentle Foundation is located in Des Moines, IA. The organization was established in 1994. 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. Krause Gentle 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, Krause Gentle Foundation generated $12.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Krause Gentle Foundation has awarded 455 individual grants totaling $7,527,076. 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
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $123 |
| Dividends & Interest | $76,773 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,209 |
| Capital Gain Net Income | $94,928 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$91,659 |
| Total Revenue | $12,446 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $36 |
| Taxes | $515 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,276 |
| Contributions, gifts, grants paid | $1,126,872 |
| Total expenses and disbursements | $1,132,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,421 |
| 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 | $927,962 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,471,481 |
| 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, Krause Gentle Foundation has awarded $1,126,872 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
AGS ADVOCACY ASSOCIATION PURPOSE: MEMORIALS | $1,000 |
ANIMAL RESCUE LEAGUE OF IOWA PURPOSE: COMMUNITY BETTERMENT | $300 |
ANIMAL RESCUE LEAGUE OF IOWA PURPOSE: MEMORIALS | $500 |
BETHESDA LUTHERAN CHURCH PURPOSE: MEMORIALS | $500 |
CLEVELAND CLINIC FOUNDATION PURPOSE: MEMORIALS | $250 |
COMMUNITY FOUNDATION OF GREATER DES MOINES PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |