Al And Irene Kurtenbach Foundation
- Assets
- $139.8k
- Revenue
- $38.3k
- Investments
- $137.6k
- Employees
- 0
- Location
- Brookings, SD
- Founding
- 05/2006
- Data as of
- 12/2021
- EIN
- 20-2752615
Organization Overview
Al And Irene Kurtenbach Foundation is located in Brookings, SD. The organization was established in 2006. 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. AL And Irene Kurtenbach 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, AL And Irene Kurtenbach Foundation generated $38.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $23.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, AL And Irene Kurtenbach Foundation has awarded 26 individual grants totaling $158,500. 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 |
|---|---|---|---|
Aelred J Kurtenbach President | 1 | $0 | |
Matthew J Kurtenbach Treasurer | 1 | $0 | |
Lisa A Glanzer Secretary | 1 | $0 | |
Irene F Kurtenbach Vice President | 1 | $0 | |
Paula L Kurtenbach Director | 1 | $0 | |
Carla S Gatzke Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,000 |
| Interest on Savings | $1 |
| Dividends & Interest | $765 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,539 |
| Capital Gain Net Income | $16,539 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,305 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $62 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,010 |
| Total operating and administrative expenses | $3,213 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $23,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,225 |
| 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 | $135,423 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $139,788 |
| 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, Al And Irene Kurtenbach Foundation has awarded $20,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Brookings, SD PURPOSE: GENERAL ASSISTANCE | $5,000 |
CATHOLIC COMMUNITY FOUNDATION FOR EASTERN SOUTH DAKOTA PURPOSE: GENERAL ASSISTANCE | $5,000 |
ST THOMAS MOORE PARISH SCHOOL ENDOWMENT PURPOSE: GENERAL ASSISTANCE | $5,000 |
WESTERN DAKOTA CAMP ASSOCIATION PURPOSE: GENERAL ASSISTANCE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |
Rob and Terry Ryan Foundation (MONTANA) INC Hamilton, MT | $0 | $1,856,642 |
Kaena Foundation Minneapolis, MN | $0 | $2,288,902 |
K A H R Foundation Minnetrista, MN | $0 | $2,779,843 |
The Mortenson Family Foundation Minneapolis, MN | $135,941,290 | $34,670,895 |
Mutual Of Omaha Foundation Omaha, NE | $120,899,798 | $13,368,524 |
Northeast Entrepreneur Fund Inc Duluth, MN | $61,578,010 | $11,454,205 |
Claire M Hubbard Foundation Omaha, NE | $31,541,308 | $3,169,912 |
D F Dillon Foundation Lincoln, NE | $47,396,549 | $3,325,825 |
John Ruan Foundation Trust Urbandale, IA | $110,876,833 | $7,230,015 |