Krumme Family Foundation
- Assets
- $1.5m
- Revenue
- $74.6k
- Investments
- $1.3m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 02/2004
- Data as of
- 12/2022
- EIN
- 57-1191078
Organization Overview
Krumme Family Foundation is located in Tulsa, OK. The organization was established in 2004. 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. Krumme Family 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, Krumme Family Foundation generated $74.6k 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 (10.5%) each year. All expenses for the organization totaled $82.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Krumme Family Foundation has awarded 25 individual grants totaling $1,407,540. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George W Krumme President | 0.1 | $0 | |
John P Krumme Director | 0.1 | $0 | |
Robert B Krumme Director | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $195 |
| Dividends & Interest | $74,398 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $74,593 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $741 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,541 |
| Contributions, gifts, grants paid | $81,000 |
| Total expenses and disbursements | $82,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,106 |
| Savings and temporary cash investments | $0 |
| 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 | $1,489,605 |
| 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, Krumme Family Foundation has awarded $81,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
REED COMMUNITY FOUNDATION PURPOSE: OPERATIONS | $10,000 |
BRISTOW EDUCATION FOUNDATION PURPOSE: ENDOWMENT | $1,000 |
WIKIMEDIA FOUNDATION PURPOSE: OPERATIONS | $1,000 |
UP WITH TREES PURPOSE: TREES | $9,000 |
BRISTOW SOCIAL SERVICES PURPOSE: OPERATIONS | $50,000 |
BRISTOW HISTORICAL SOCIETY PURPOSE: OPERATIONS | $10,000 |