David And Mary Krassenstein Foundation
- Assets
- $1.5m
- Revenue
- $127.5k
- Investments
- $1.5m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 10/2003
- Data as of
- 06/2022
- EIN
- 54-2124868
Organization Overview
David And Mary Krassenstein Foundation is located in West Palm Beach, FL. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. David And Mary Krassenstein 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 06/2022, David And Mary Krassenstein Foundation generated $127.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $136.0k during the year ending 06/2022. While expenses have increased by 7.3% per year over the past 6 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.
Since 2016, David And Mary Krassenstein Foundation has awarded 38 individual grants totaling $582,500. 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.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William E Margolis President/trustee | 0 | $0 | |
Ruth K Niesen Treasurer/trustee | 0 | $0 | |
Michael A Hyett Secretary/trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $41,481 |
| Dividends & Interest | $39,061 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,981 |
| Capital Gain Net Income | $46,981 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $127,523 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4 |
| Taxes | $226 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31 |
| Total operating and administrative expenses | $5,511 |
| Contributions, gifts, grants paid | $130,500 |
| Total expenses and disbursements | $136,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,034 |
| 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 | $252,644 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,497,493 |
| 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, David And Mary Krassenstein Foundation has awarded $130,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FAMILY SERVICE PURPOSE: CHARITABLE PURPOSES | $36,500 |
SEASHORE GARDENS LIVING CENTER PURPOSE: CHARITABLE PURPOSES | $36,500 |
Ventnor, NJ PURPOSE: CHARITABLE PURPOSES | $23,000 |
JEWISH COMMUNITY CENTER PURPOSE: CHARITABLE PURPOSES | $11,500 |
CONGREGATION BETH JUDAH PURPOSE: CHARITABLE PURPOSES | $11,500 |
TEMPLE BETH SHALOM PURPOSE: CHARITABLE PURPOSES | $11,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL | $724,648,898 | $109,039,821 |
Ted Arison Family Found Aventura, FL | $489,424,665 | $63,628,275 |
Arison Arts Foundation Coral Gables, FL | $423,071,215 | $88,937,143 |
Poses Family Foundation Miami Beach, FL | $501,022,398 | $55,408,716 |
Jim Moran Foundation Inc Deerfield Beach, FL | $191,270,194 | $47,763,594 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Kovner Foundation Jupiter, FL | $0 | $19,441,586 |
Naples Children And Education Naples, FL | $64,560,487 | $12,642,425 |
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |