Chuck And Ernestina Kreutzkamp Foundation
- Assets
- $170.1m
- Revenue
- $20.8m
- Investments
- $5.9m
- Employees
- 0
- Location
- Chula Vista, CA
- Founding
- 02/2017
- Data as of
- 12/2023
- EIN
- 81-3811851
Organization Overview
Chuck And Ernestina Kreutzkamp Foundation is located in Chula Vista, CA. The organization was established in 2017. 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. Chuck And Ernestina Kreutzkamp 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 12/2023, Chuck And Ernestina Kreutzkamp Foundation generated $20.8m in total revenue. All expenses for the organization totaled $27.3m during the year ending 12/2023. While expenses have increased by 75.6% 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 2017, Chuck And Ernestina Kreutzkamp Foundation has awarded 104 individual grants totaling $27,148,060. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
THE FOUNDATION WAS FORMED IN ORDER TO MAKE DONATIONS TO OTHER FEDERALLY TAX-EXEMPT SECTION 501(C)(3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernestina Alonso President | 60 | $291,648 | |
Ernestina Kreutzkamp Chairman/secretary | 6 | $1,800 | |
Fernanda Alonso Treasurer | 6 | $1,800 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Seltzer Caplan Mcmahon Vitek A Law Corporatio | 12/30/23 | $210,675 |
Moss Adams Llp | 12/30/23 | $72,216 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $57,762 |
| Dividends & Interest | $133,477 |
| Net Rental Income | $19,861,337 |
| Net Gain on Sale of Assets | $132,059 |
| Capital Gain Net Income | $132,059 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $611,406 |
| Total Revenue | $20,796,041 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $295,248 |
| Other employee salaries and wages | $30,283 |
| Pension plans, employee benefits | $191,751 |
| Interest | $4,969,746 |
| Taxes | $44,133 |
| Depreciation | $4,886,930 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,885,948 |
| Total operating and administrative expenses | $21,549,235 |
| Contributions, gifts, grants paid | $5,762,500 |
| Total expenses and disbursements | $27,311,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5 |
| Savings and temporary cash investments | $21,326,197 |
| 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 | $142,890,748 |
| Other assets | $2,196 |
| Total assets | $170,108,444 |
| 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 | $105,605,658 |
| Other liabilities | $778,044 |
| Total liabilities | $106,383,702 |
Grants Awarded
Over the last fiscal year, Chuck And Ernestina Kreutzkamp Foundation has awarded $5,762,500 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
CASA DE AMPARO PURPOSE: FUNDING THEIR PROGRAMS AND SERVICES TO SUPPORT THOSE AFFECTED BY AND AT RISK OF CHILD ABUSE AND NEGLECT. | $20,000 |
COLLABORATIVE SUPPORT SERVICES INC PURPOSE: GENERAL SUPPORT | $95,000 |
EMPOWERS AFRICA INC PURPOSE: GENERAL SUPPORT | $50,000 |
FESTIVAL OF CHILDREN FOUNDATION INC PURPOSE: BRINGS TOGETHER AND COORDINATES THE EFFORTS OF CHARITIES, COMPANIES AND INDIVIDUALS WHO ACTIVELY WORK TO IMPROVE THE LIVES OF CHILDREN. | $45,000 |
EMERIL LAGASSE FOUNDATION PURPOSE: GENERAL SUPPORT | $65,000 |
FOR OTHERS COLLECTIVE PURPOSE: GENERAL SUPPORT | $50,000 |