Draeger Family Foundation
- Assets
- $1.1m
- Revenue
- $7.2k
- Investments
- $1.1m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 02/2017
- Data as of
- 12/2022
- 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 12/2022, Draeger Family Foundation generated $7.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (36.7%) each year. All expenses for the organization totaled $70.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Draeger Family Foundation has awarded 30 individual grants totaling $169,000. 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 | $23,765 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$16,646 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $73 |
| Total Revenue | $7,192 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,837 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,422 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,009 |
| Contributions, gifts, grants paid | $57,000 |
| Total expenses and disbursements | $70,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,082 |
| 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 | $1,093,616 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,108,698 |
| 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 $57,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
UW FOUNDATION SCHOOL OF ENGINEERING PURPOSE: PROGRAM SUPPORT | $6,000 |
CEDAR CREST FOUNDATION PURPOSE: PROGRAM SUPPORT | $6,000 |
BLACKHAWK TECHNICAL COLLEGE FDN PURPOSE: SCHOLARSHIPS | $6,000 |
BOYS AND GIRLS CLUB PURPOSE: PROGRAM SUPPORT | $5,000 |
SALVATION ARMY PURPOSE: PROGRAM SUPPORT | $6,000 |
UW FOUNDATION FOR MEDICAL RESEARCH PURPOSE: PROGRAM SUPPORT | $6,000 |