Kranzberg Arts Foundation
- Assets
- $18.7m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 07/2009
- Data as of
- 12/2022
- EIN
- 26-0482903
Organization Overview
Kranzberg Arts Foundation is located in St Louis, MO. The organization was established in 2009. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kranzberg Arts 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, Kranzberg Arts Foundation generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.1% each year . All expenses for the organization totaled $7.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SPACE FOR PERFORMING ARTS AND COMMUNITY ARTS PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth S Kranzberg Trustee | 6 | $0 | |
Nancy S Kranzberg Trustee | 6 | $0 | |
Mary Ann Srenco Trustee | 6 | $0 | |
Chris Hansen Foundation Manager | 40 | $204,846 | |
Gina Grafos Director Of Visual I | 40 | $80,372 | |
Ann Mckeal Director Of Admin An | 40 | $78,552 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,304,959 |
| Interest on Savings | $29,470 |
| Dividends & Interest | $254 |
| Net Rental Income | $509,610 |
| Net Gain on Sale of Assets | -$11,002 |
| Capital Gain Net Income | $310,976 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $658,378 |
| Other Income | $1,077,276 |
| Total Revenue | $6,125,692 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $204,846 |
| Other employee salaries and wages | $1,390,005 |
| Pension plans, employee benefits | $259,042 |
| Interest | $189,542 |
| Taxes | $83,312 |
| Depreciation | $459,842 |
| Occupancy | $390,665 |
| Travel, conferences, and meetings | $5,578 |
| Printing and publications | $10,264 |
| Other expenses | $4,085,531 |
| Total operating and administrative expenses | $7,285,944 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $7,285,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,399 |
| 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 | $111,650 |
| Inventories for sale or use | $7,035 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $7,450,478 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $10,310,096 |
| Other assets | $792,076 |
| Total assets | $18,738,734 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $3,400,000 |
| Mortgages and other notes payable | $6,338,531 |
| Other liabilities | $0 |
| Total liabilities | $9,738,531 |
Grants Awarded
Over the last fiscal year, Kranzberg Arts Foundation has awarded $1,257,744 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
3333 WASHINGTON INC PURPOSE: TRANSFER TO TITLE HOLDING COMPANY | $1,230,544 |
ST LOUIS ART PLACE INITIATIVE PURPOSE: PURCHASE HOUSING FOR LOW INCOME ARTISTS | $21,000 |
DOLLY'S GIRLS PRODUCTIONS INC PURPOSE: PRODUCTION SERVICES FOR DIGITAL SERIES | $6,200 |