Krumm Family Foundation
- Assets
- $322.0k
- Revenue
- -$13.9k
- Investments
- $267.5k
- Employees
- 0
- Location
- Ames, IA
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 81-0800563
Organization Overview
Krumm Family Foundation is located in Ames, IA. The organization was established in 2016. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Krumm 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Krumm Director/president/treasur | 0 | $0 | |
Sheri Krumm Director/secretary | 0 | $0 | |
Daniel Krumm Director | 0 | $0 | |
Alexander Krumm Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $5,684 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$19,580 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$13,889 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,074 |
| Total operating and administrative expenses | $2,974 |
| Contributions, gifts, grants paid | $13,100 |
| Total expenses and disbursements | $16,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,428 |
| 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 | $321,957 |
| 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, Krumm Family Foundation has awarded $13,100 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
AMES HISTORY MUSEUM PURPOSE: GENERAL SUPORT | $300 |
BOONE AREA HUMANE SOCIETY PURPOSE: GENERAL SUPPORT | $200 |
CENTRAL IOWA SYMPHONY ASSOCIATION PURPOSE: GENERAL SUPPORT | $1,000 |
DES MOINES CHORAL SOCIETY PURPOSE: GENERAL SUPPORT | $1,000 |
HARVEST VINEYARD CHURCH PURPOSE: GENERAL SUPPORT | $2,000 |
HEARTLAND YOUTH CHOIR PURPOSE: GENERAL SUPPORT | $500 |