Krusen Family Charitable Foundation Corp
- Assets
- $499.4k
- Revenue
- $34.4k
- Investments
- $489.6k
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 47-2236860
Organization Overview
Krusen Family Charitable Foundation Corp is located in Tampa, FL. The organization was established in 2015. 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. Krusen Family Charitable Foundation Corp 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, Krusen Family Charitable Foundation Corp generated $34.4k 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 (12.9%) each year. All expenses for the organization totaled $39.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Krusen Family Charitable Foundation Corp has awarded 100 individual grants totaling $300,640. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE FOUNDATION MADE GRANTS TO 501(C)(3) ORGANIZATIONS WHOSE PURPOSE ALIGNS WITH THE PURPOSE OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W A Krusen Jr President | 0.5 | $0 | |
Cynthia K Lawrence Secretary, Asst Treasurer | 0.5 | $0 | |
Taliaferro T Krusen Treasurer | 0.25 | $0 | |
Jessie T Krusen Asst Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $15,589 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,001 |
| Capital Gain Net Income | $9,001 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,790 |
| Total Revenue | $34,390 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $141 |
| Taxes | $61 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,308 |
| Total operating and administrative expenses | $12,110 |
| Contributions, gifts, grants paid | $27,050 |
| Total expenses and disbursements | $39,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$6,911 |
| Savings and temporary cash investments | $16,689 |
| 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 | $104,617 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $499,426 |
| 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, Krusen Family Charitable Foundation Corp has awarded $27,050 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF ENGLEWOOD PURPOSE: TO SUPPORT THE MISSION TO ENABLE ALL YOUNG PEOPLE TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, RESPONSIBLE CITIZENS. | $500 |
CHI CHI RODRIGUEZ YOUTH FOUNDATION INC PURPOSE: TO SUPPORT THE MISSION OF PREPARING STUDENTS FOR SUCCESS IN THE GAME OF LIFE. | $2,500 |
FLORIDA WILDLIFE CORRIDOR FOUNDATION PURPOSE: TO SUPPORT THE MISSION OF THE FLORIDA WILDLIFE CORRIDOR FOUNDATION - CHAMPIONS OF A COLLABORATIVE CAMPAIGN TO PERMANENTLY CONNECT, PROTECT AND RESTORE THE FLORIDA WILDLIFE CORRIDOR, A STATEWIDE NETWORK OF CONNECTED LANDS AND WATERS THAT SUPPORTS WILDLIFE AND PEOPLE. | $250 |
FRAMEWORKS OF TAMPA BAY PURPOSE: TO SUPPORT THE MISSION OF EMPOWERING EDUCATORS, YOUTH SERVICES PROFESSIONALS, AND PARENTS AND GUARDIANS WITH TRAINING, COACHING, AND RESEARCH-BASED RESOURCES TO EQUIP YOUTH WITH EMOTIONAL INTELLIGENCE SKILLS. | $750 |
FRIENDS OF BOCA GRANDE COMMUNITY CENTER PURPOSE: TO SUPPORT THE MISSION OF CREATING OUTSTANDING CULTURAL AND EDUCATIONAL PROGRAMS FOR BOCA GRANDE. | $500 |
HANDS ACROSS MIDDLESEX PURPOSE: TO SUPPORT THE MISSION OF PROVIDING ASSISTANCE TO MIDDLESEX COUNTY RESIDENTS IN TIME OF NEED. | $100 |