Louis & Frank Kramer Educational Fund
- Assets
- $32.1k
- Revenue
- $2.5k
- Investments
- $17.2k
- Employees
- 0
- Location
- Mitchell, SD
- Founding
- 10/1964
- Data as of
- 12/2023
- EIN
- 51-0190074
Organization Overview
Louis & Frank Kramer Educational Fund is located in Mitchell, SD. The organization was established in 1964. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louis & Frank Kramer Educational Fund 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 12/2023, Louis & Frank Kramer Educational Fund generated $2.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $24.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Louis & Frank Kramer Educational Fund has awarded 71 individual grants totaling $219,350. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $900 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,642 |
| Capital Gain Net Income | $1,642 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,700 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,906 |
| Contributions, gifts, grants paid | $19,650 |
| Total expenses and disbursements | $24,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,881 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $32,126 |
| 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, Louis & Frank Kramer Educational Fund has awarded $19,650 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
KANBI KNIPPLING PURPOSE: EDUCATION | $5,450 |
THOMAS POWELL PURPOSE: EDUCATION | $4,650 |
MYA KNIPPLING PURPOSE: EDUCATION | $4,650 |
MIANNA TVEIT PURPOSE: EDUCATION | $250 |
BUSTER REIS PURPOSE: EDUCATION | $4,650 |