Kressworks Foundation
- Assets
- $21.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Northville, MI
- Founding
- 05/2011
- Data as of
- 12/2023
- EIN
- 27-2042054
Organization Overview
Kressworks Foundation is located in Northville, MI. The organization was established in 2011. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kressworks 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 12/2023, Kressworks Foundation generated $16.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $24.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 9 years. 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
2023
Describe the Organization's Program Activity:
Part 3
DEVELOP COMPUTER SYSTEMS FOR USE IN RESEARCH SOFTWARE TO REVIEW VARIOUS RESULTS AND RELATIONSHIPS IN A MORE SCIENTIFIC MANNER. SUBMITTED TWO PROVISIONAL PATENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Kress President | 50 | $0 | |
Henriette Eles Treasurer | 20 | $0 | |
James Bosley Director | 1 | $0 | |
Dave Brown Director | 1 | $0 | |
Geri Brown Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,551 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $16,551 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,136 |
| Occupancy, rent, utilities, and maintenance | $3,689 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,866 |
| Total expenses | $24,691 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,990 |
| Other assets | $0 |
| Total assets | $21,404 |
| Total liabilities | $4,588 |
| Net assets or fund balances | $16,816 |