J Kruse Education Center Inc
- Assets
- $1.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 5
- Location
- Auburn, IN
- Founding
- 06/2012
- Data as of
- 06/2022
- EIN
- 30-0707349
Organization Overview
J Kruse Education Center Inc is located in Auburn, IN. The organization was established in 2012. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, J Kruse Education Center Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J Kruse Education Center 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 06/2022, J Kruse Education Center Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 47.5% each year . All expenses for the organization totaled $456.0k during the year ending 06/2022. While expenses have increased by 12.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST INDIVIDUALS TOWARD SPECIFIC CAREER PATHS BY PROVIDING EDUCATIONAL RESOURCES. THE FOUNDATION FOCUSES ON CAREER EXPLORATIONS EXPERIENCE AND EDUCATION OF STUDENTS K-12. ALSO TO WORK WITH VETERANS UPON RETURNING TO THE WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST INDIVIDUALS TOWARD SPECIFIC CAREER PATHS BY PROVIDING EDUCATIONAL RESOURCES. THE FOUNDATION FOCUSES ON CAREER EXPLORATIONS EXPERIENCE AND EDUCATION OF STUDENTS K-12. ALSO TO WORK WITH VETERANS UPON RETURNING TO THE WORKFORCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John M Kruse Chair | OfficerTrustee | 20 | $0 |
Edward Souers Secretary/tr | Officer | 2 | $0 |
Roderick C Egan Board Member | Trustee | 2 | $0 |
Sarah K Noack Board Member | Trustee | 2 | $0 |
Dennis K Kruse Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,313 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,781,637 |
| Noncash contributions included in lines 1a–1f | $1,575,180 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,798,950 |
| Total Program Service Revenue | $64,470 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51,038 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,914,458 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $209,158 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,798 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,690 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,147 |
| Advertising and promotion | $4,912 |
| Office expenses | $3,708 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $104,500 |
| Travel | $593 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,221 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,703 |
| Insurance | $4,319 |
| All other expenses | $6,777 |
| Total functional expenses | $455,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,160 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,248 |
| Inventories for sale or use | $13,589 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $126,948 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,509,850 |
| Total assets | $1,693,545 |
| Accounts payable and accrued expenses | $15,531 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $62,127 |
| Other liabilities | $9,462 |
| Total liabilities | $87,120 |
| Net assets without donor restrictions | $1,588,455 |
| Net assets with donor restrictions | $17,970 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,693,545 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that J Kruse Education Center Inc has recieved totaling $25,074.
| Awarding Organization | Amount |
|---|---|
8020 Foundation Tr Fort Wayne, IN PURPOSE: MANUFACTURING EQUIPMENT | $15,000 |
United Way Of Dekalb County Inc Auburn, IN PURPOSE: CAREER COACHING | $6,000 |
Patti & Rusty Rueff Foundation Burlingame, CA PURPOSE: BASIC OPERATING EXPENSES | $4,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $74 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Navy Pier Inc Chicago, IL | $199,546,550 | $62,194,092 |
The Barack Obama Foundation Chicago, IL | $693,835,698 | $159,957,411 |
Liberty Memorial Association Kansas City, MO | $35,751,544 | $14,461,883 |
Indiana Historical Society Indianapolis, IN | $152,627,726 | $15,739,974 |
Steel Founders Society Of America Crystal Lake, IL | $6,567,517 | $7,560,615 |
Historic Landmarks Foundation Of Indiana Inc Indianapolis, IN | $92,679,775 | $11,879,556 |
Colonel Il James N Pritzker Library For The Citizen Soldier Chicago, IL | $30,735,848 | $6,408,136 |
American Opinion Foundation Inc Appleton, WI | $4,682,811 | $5,136,878 |
Frank Lloyd Wright Trust Chicago, IL | $6,763,209 | $2,823,161 |
Chicago Police Memorial Foundation Chicago, IL | $19,000,783 | $6,539,777 |
National Society Of The Sons Of The American Revolution Louisville, KY | $16,631,721 | $2,986,592 |
Otho S A Sprague Memorial Institute Chicago, IL | $50,228,527 | $3,261,875 |