The Klump Family Foundation Inc
- Assets
- $18.2m
- Revenue
- $7.8m
- Investments
- $16.7m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 05/2008
- Data as of
- 12/2022
- EIN
- 20-5756777
Organization Overview
The Klump Family Foundation Inc is located in Atlanta, GA. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Klump Family Foundation Inc 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, Klump Family Foundation Inc generated $7.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Klump Family Foundation Inc has awarded 215 individual grants totaling $8,568,386. 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 |
|---|---|---|---|
Michael Klump Trustee, President | 0 | $0 | |
Elizabeth Klump Trustee, President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,504,286 |
| Interest on Savings | $0 |
| Dividends & Interest | $425,043 |
| Net Rental Income | $59,583 |
| Net Gain on Sale of Assets | $1,808,140 |
| Capital Gain Net Income | $1,808,140 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,797,052 |
| 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 | $50,451 |
| Total operating and administrative expenses | $50,451 |
| Contributions, gifts, grants paid | $1,532,375 |
| Total expenses and disbursements | $1,582,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,553 |
| 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 | $16,741,945 |
| Net Land, buildings, and equipment | $1,240,167 |
| Other assets | $0 |
| Total assets | $18,231,665 |
| 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 | $4,290 |
| Total liabilities | $4,290 |
Grants Awarded
Over the last fiscal year, The Klump Family Foundation Inc has awarded $1,532,375 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF COLORADO PURPOSE: GENERAL | $75,000 |
WASHINGTON UNIVERSITY PURPOSE: GENERAL | $112,500 |
SPECIAL FORCES SCHOLARSHIP FUND PURPOSE: GENERAL | $37,500 |
PALMER LAND CONSERVANCY PURPOSE: GENERAL | $10,000 |
CHILDRENS HEALTHCARE OF ATLANTA PURPOSE: GENERAL | $1,000,000 |
ASHEVILLE SCHOOL PURPOSE: GENERAL | $25,000 |