Draeger Family Foundation
- Assets
- $1.2m
- Revenue
- $86.5k
- Investments
- $1.1m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 02/2017
- Data as of
- 12/2021
- EIN
- 81-6925474
Organization Overview
Draeger Family Foundation is located in Madison, WI. The organization was established in 2017. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Draeger 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 12/2021, Draeger Family Foundation generated $86.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $56.5k during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 4 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 2018, Draeger Family Foundation has awarded 27 individual grants totaling $147,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,292 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,078 |
| Capital Gain Net Income | $57,078 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $118 |
| Total Revenue | $86,488 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,223 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,576 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,549 |
| Contributions, gifts, grants paid | $42,000 |
| Total expenses and disbursements | $56,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,478 |
| 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 | $1,139,611 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,172,089 |
| 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, Draeger Family Foundation has awarded $42,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
UW FOUNDATION FOR MEDICAL RESEARCH PURPOSE: PROGRAM SUPPORT | $6,000 |
BLACKHAWK TECHNICAL COLLEGE FDN PURPOSE: SCHOLARSHIPS | $6,000 |
Janesville, WI PURPOSE: PROGRAM SUPPORT | $6,000 |
UW FOUNDATION SCHOOL OF ENGINEERING PURPOSE: PROGRAM SUPPORT | $6,000 |
SALVATION ARMY PURPOSE: PROGRAM SUPPORT | $6,000 |
CEDAR CREST INC HEALTH CARE CTR PURPOSE: PROGRAM SUPPORT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Desiring God Ministries Minneapolis, MN | $8,654,171 | $9,657,693 |
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |
Resourcing Christian Education International Nfp Wheaton, IL | $4,529,324 | $9,552,178 |
Freedom From Religion Foundation Inc Madison, WI | $25,982,708 | $9,398,786 |
Mission Eurasia Wheaton, IL | $4,079,309 | $7,777,222 |
Praying Pelican Missions Minneapolis, MN | $539,673 | $5,474,608 |
Refugeeone Chicago, IL | $12,176,477 | $10,528,802 |
Truth And Tidings Gospel Trust U S A Canton, MI | $502,983 | $5,982,784 |
Faith And Learning International Nfp Wheaton, IL | $3,798,689 | $6,103,075 |
Venture Burnsville, MN | $4,889,777 | $6,516,603 |
St Michaels Media Inc Ferndale, MI | $1,094,863 | $4,871,476 |
Mount Zion Baptist World Missions Fairfield, IL | $5,466,048 | $7,731,784 |