Krumble Foundation
- Assets
- $9.6m
- Revenue
- $558.7k
- Investments
- $8.9m
- Employees
- 0
- Location
- Spokane, WA
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 84-2437530
Organization Overview
Krumble Foundation is located in Spokane, WA. The organization was established in 2020. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Krumble 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, Krumble Foundation generated $558.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 35.2% each year . All expenses for the organization totaled $604.5k during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 2 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 2020, Krumble Foundation has awarded 12 individual grants totaling $1,049,200. 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 |
|---|---|---|---|
Burke Blevins Director | 2 | $0 | |
Muriel Blevins Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $45 |
| Dividends & Interest | $233,929 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $324,739 |
| Capital Gain Net Income | $324,739 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $558,713 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,168 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $54,094 |
| Total operating and administrative expenses | $60,827 |
| Contributions, gifts, grants paid | $543,650 |
| Total expenses and disbursements | $604,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $689,114 |
| 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 | $3,856,256 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,552,086 |
| 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, Krumble Foundation has awarded $543,650 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Cheney, WA PURPOSE: COLLEGE EDUCATION SUPPORT | $347,800 |
COMMUNITY COLLEGES OF SPOKANE PURPOSE: COLLEGE EDUCATION SUPPORT | $100,000 |
Palm Desert, CA PURPOSE: COMMUNITY SUPPORT OF THE COACHELLA VALLEY | $53,350 |
New York, NY PURPOSE: MEDICAL RESEARCH FOR MULTIPLE SCLEROSIS | $23,500 |
Hayden, ID PURPOSE: BEREAVEMENT AND FAMILY LOSS SUPPORT | $13,000 |
KSPS PURPOSE: COMMUNITY TELEVISION SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Success Foundation Bellevue, WA | $13,905,715 | $16,300,539 |
Alliance For Education Seattle, WA | $18,412,801 | $8,384,152 |
Schoolhouse Supplies Inc Portland, OR | $1,818,173 | $3,583,188 |
Foundation For Tacoma Students Tacoma, WA | $3,475,616 | $3,006,188 |
Big Bend Community College Foundation Moses Lake, WA | $9,131,826 | $1,251,204 |
All Hands Raised Portland, OR | $1,676,477 | $1,276,828 |
Lower Columbia College Foundation Longview, WA | $24,789,266 | $2,493,383 |
Janice Seagraves Family Foundation Inc Twin Falls, ID | $21,049,001 | $1,556,609 |
Bangladesh Christian School Sponsorship Of America Bcss Of Kennewick, WA | $784,121 | $1,020,612 |
Valley School Of Southern Oregon Medford, OR | $1,302,948 | $1,010,220 |
Friends Of Woodstock School Inc Freeland, WA | $6,921,736 | $485,909 |
Lake Oswego School Dist Foundation Inc Lake Oswego, OR | $2,102,151 | $1,177,360 |