Kreiling Family Foundation
- Assets
- $588.1k
- Revenue
- $51.9k
- Investments
- $577.4k
- Employees
- 0
- Location
- Hawthorn Woods, IL
- Founding
- 05/2018
- Data as of
- 12/2023
- EIN
- 81-4389976
Organization Overview
Kreiling Family Foundation is located in Hawthorn Woods, IL. The organization was established in 2018. 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. Kreiling 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 12/2023, Kreiling Family Foundation generated $51.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $135.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Kreiling Family Foundation has awarded 106 individual grants totaling $318,089. 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 |
|---|---|---|---|
H John Kreiling III Chairman | 0 | $0 | |
Tracey J Kreiling Director | 0 | $0 | |
Jason Kreiling Director | 0 | $0 | |
Christopher Kreiling Director | 0 | $0 | |
Kelsey Kreiling Director | 0 | $0 | |
Lindsey Kreiling Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,950 |
| Interest on Savings | $13 |
| Dividends & Interest | $18,159 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,747 |
| Capital Gain Net Income | $28,747 |
| Net ST Capital Gain | $636 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,869 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $117 |
| Taxes | $561 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,022 |
| Total operating and administrative expenses | $37,700 |
| Contributions, gifts, grants paid | $98,114 |
| Total expenses and disbursements | $135,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,741 |
| 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 | $577,387 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $588,128 |
| 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 | $15,416 |
| Total liabilities | $15,416 |
Grants Awarded
Over the last fiscal year, Kreiling Family Foundation has awarded $98,114 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
PILOT LIGHT PURPOSE: GENERAL PURPOSES | $7,763 |
CHEST FOUNDATION PURPOSE: GENERAL PURPOSES | $1,553 |
PALM SPRINGS ART MUSEUM PURPOSE: GENERAL PURPOSES | $2,000 |
PREECLAMPSIA FDTN PURPOSE: GENERAL PURPOSES | $5,010 |
LITTLE HEROES LEAGUE PURPOSE: GENERAL PURPOSES | $32,836 |
CHICAGO MARATHON PURPOSE: GENERAL PURPOSES | $509 |