Profinium Dreams Foundation
- Assets
- $52.1k
- Revenue
- $41.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairmont, MN
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 82-4683350
Organization Overview
Profinium Dreams Foundation is located in Fairmont, MN. 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. Profinium Dreams 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, Profinium Dreams Foundation generated $41.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $44.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Profinium Dreams Foundation has awarded 55 individual grants totaling $131,028. 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 |
|---|---|---|---|
Fred W Krahmer President | 1 | $0 | |
Marques Doppler Vice President | 1 | $0 | |
Fred C Krahmer Treasurer | 1 | $0 | |
Michelle Krahmer Secretary | 1 | $0 | |
Jeremiah Gaul Director | 1 | $0 | |
Kenneth Gronewold Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $41,825 |
| Interest on Savings | $61 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,886 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $44,009 |
| Total expenses and disbursements | $44,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $52,095 |
| 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 | $52,095 |
| 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, Profinium Dreams Foundation has awarded $44,009 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
TIFFANY NOWAK PURPOSE: HARDSHIP ASSISTANCE | $7,001 |
ANA ORDAZ PURPOSE: HARDSHIP ASSISTANCE | $2,256 |
ERIC WEEDMAN PURPOSE: HARDSHIP ASSISTANCE | $891 |
KELSEY BERGEMANN PURPOSE: HARDSHIP ASSISTANCE | $996 |
NICOLE OZMUN PURPOSE: HARDSHIP ASSISTANCE | $1,240 |
JOHN HANLEY PURPOSE: HARDSHIP ASSISTANCE | $1,617 |