Krimson Community Foundation
- Assets
- $159.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 10/2002
- Data as of
- 12/2022
- EIN
- 01-0599770
Organization Overview
Krimson Community Foundation is located in Atlanta, GA. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Krimson Community 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, Krimson Community Foundation generated $88.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $61.4k during the year ending 12/2022. While expenses have increased by 8.4% per year over the past 6 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
FOR THE FISCAL YEAR WE PROVIDED $19,500 IN DIRECT COLLEGE SCHOLARSHIPS AND $29,405.65 IN DIRECT SUPPORT OF HIGH SCHOOL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Bean Chairman | 25 | $0 | |
Lamont Bates Vice Chairman | 10 | $0 | |
Anthony Jarrett Treasurer | 10 | $0 | |
Cory Wheaton Secretary | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,869 |
| Total Program Service Revenue | $0 |
| Membership dues | $5,450 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $47,638 |
| Other Revenue | $0 |
| Total Revenue | $87,957 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $4,091 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,750 |
| Occupancy, rent, utilities, and maintenance | $1,500 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,171 |
| Total expenses | $61,418 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $159,216 |
| Other assets | $0 |
| Total assets | $159,216 |
| Total liabilities | $0 |
| Net assets or fund balances | $159,216 |