Vernon K Krieble Foundation Inc
- Assets
- $13.7m
- Revenue
- -$381.2k
- Investments
- $12.0m
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 10/1984
- Data as of
- 12/2022
- EIN
- 22-2538914
Organization Overview
Vernon K Krieble Foundation Inc is located in Worcester, MA. The organization was established in 1984. 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. Vernon K Krieble 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.
Since 2019, Vernon K Krieble Foundation Inc has awarded 70 individual grants totaling $2,047,037. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A - NO DIRECT CHARITABLE ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Krieble President | 5 | $30,000 | |
Christopher P Fusscas Vice President | 1 | $0 | |
Amanda C Strein Secretary And Treasurer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shari Williams | 12/30/22 | $177,000 |
Natural Resources Group Llc | 12/30/22 | $78,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $225,018 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$606,200 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$381,182 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $70 |
| Taxes | $12,845 |
| Depreciation | $0 |
| Occupancy | $5,374 |
| Travel, conferences, and meetings | $3,018 |
| Printing and publications | $0 |
| Other expenses | $291,882 |
| Total operating and administrative expenses | $526,668 |
| Contributions, gifts, grants paid | $402,022 |
| Total expenses and disbursements | $928,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,622,237 |
| 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 | $5,863 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $30,922 |
| Total assets | $13,692,765 |
| Accounts payable and accrued expenses | $24,426 |
| 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 | $30,661 |
| Total liabilities | $55,087 |
Grants Awarded
Over the last fiscal year, Vernon K Krieble Foundation Inc has awarded $402,022 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ANGELO S CARRABBA MD FOUNDATION PURPOSE: GENERAL PURPOSE | $5,000 |
ATLAS NETWORK PURPOSE: GENERAL PURPOSE | $100,000 |
CONNECTICUT CHILDREN'S MEDICAL CENTER PURPOSE: GENERAL PURPOSE | $5,000 |
CONNECTICUT FOREST AND PARK ASSOCIATION PURPOSE: GENERAL PURPOSE | $2,500 |
EAGLE WEST CAP STRATEGIC OPERATOR ACCESS FUND LP K-1 PURPOSE: GENERAL PURPOSE | $22 |
FARMINGTON RIVER WATERSHED ASSOCIATION PURPOSE: GENERAL PURPOSE | $2,500 |