Kruger Family Foundation Inc
- Assets
- $958.1k
- Revenue
- $237.7k
- Investments
- $441.3k
- Employees
- 0
- Location
- Incline Village, NV
- Founding
- 09/2015
- Data as of
- 12/2022
- EIN
- 47-4075831
Organization Overview
Kruger Family Foundation Inc is located in Incline Village, NV. 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. Kruger Family 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, Kruger Family Foundation Inc generated $237.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $32.0k during the year ending 12/2022. While expenses have increased by 20.4% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A GRANT MAKING PRIVATE FOUNDATION, THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROVIDE FINANCIAL SUPPORT FOR OTHER 501(C)(3) EXEMPT ORGANIZATIONS AND THE FOUNDATION'S GRANTS PROGRAM WILL DIRECTLY FURTHER THAT PURPOSE BY PROVIDING AWARDS TO 501(C)(3) ORGANIZATIONS FOR GENERAL SUPPORT, CAPACITY BUILDING AND SPECIFIC PROGRAMS OR PROJECTS. THE GRANTS AND CONTRIBUTIONS PAID DURING THE YEAR HAVE BEEN REPORTED ON PART XV, SUPPLEMENTARY INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Kruger President | 1 | $0 | |
Leslie Kruger- Martinez Secretary | 1 | $0 | |
Kara Kruger- Green Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $240,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,520 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,859 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $237,661 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $435 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,525 |
| Total operating and administrative expenses | $3,960 |
| Contributions, gifts, grants paid | $28,000 |
| Total expenses and disbursements | $31,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $453,567 |
| Savings and temporary cash investments | $63,245 |
| 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 | $21,150 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $958,128 |
| 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, Kruger Family Foundation Inc has awarded $28,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CANCER RESEARCH INSTITUTE PURPOSE: GENERAL SUPPORT | $5,000 |
PET NETWORK HUMANE SOCIETY PURPOSE: GENERAL SUPPORT | $5,000 |
BIG BROTHERS BIG SISTERS OF AMERICA PURPOSE: GENERAL SUPPORT | $5,000 |
PETSMART CHARITIES PURPOSE: GENERAL SUPPORT | $3,000 |
RONALD MCDONALD HOUSE CHARITIES PURPOSE: GENERAL SUPPORT | $5,000 |
WILDAID PURPOSE: GENERAL SUPPORT | $5,000 |