Kenneth R Krause Charitable Foundation
- Assets
- $1.0m
- Revenue
- $33.4k
- Investments
- $1.0m
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 12/1996
- Data as of
- 12/2022
- EIN
- 42-1446789
Organization Overview
Kenneth R Krause Charitable Foundation is located in Des Moines, IA. The organization was established in 1996. 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. Kenneth R Krause Charitable 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, Kenneth R Krause Charitable Foundation generated $33.4k 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 (8.4%) each year. All expenses for the organization totaled $72.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kenneth R Krause Charitable Foundation has awarded 23 individual grants totaling $164,250. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,693 |
| Dividends & Interest | $44,505 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,996 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $218 |
| Total Revenue | $33,420 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $657 |
| Depreciation | $1,544 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,959 |
| Contributions, gifts, grants paid | $55,000 |
| Total expenses and disbursements | $71,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,558 |
| 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 | $2,024 |
| Other assets | $0 |
| Total assets | $1,046,852 |
| Accounts payable and accrued expenses | $4,000 |
| Grants payable | $51,933 |
| 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 | $55,933 |
Grants Awarded
Over the last fiscal year, Kenneth R Krause Charitable Foundation has awarded $55,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BUENA VISTA UNIVERSITY PURPOSE: EDUCATION | $10,000 |
GEORGETOWN UNIVERSITY PURPOSE: EDUCATION | $5,000 |
MAYO FOUNDATION PURPOSE: SCIENTIFIC | $10,000 |
HEIFER PROJECT INTERNATIONAL PURPOSE: CHARITABLE | $3,500 |
COLUMBIA UNIVERSITY - COLUMBIA BUSI PURPOSE: EDUCATION | $5,000 |
MEDICINS SANS FRONTIERES USA PURPOSE: CHARITABLE | $6,000 |