Frank J & Jacqueline D Klonne Foundation
- Assets
- $5.1m
- Revenue
- $1.6m
- Investments
- $5.0m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 06/1999
- Data as of
- 12/2023
- EIN
- 31-1629017
Organization Overview
Frank J & Jacqueline D Klonne Foundation is located in Cincinnati, OH. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Frank J & Jacqueline D Klonne 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, Frank J & Jacqueline D Klonne Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 44.4% each year . All expenses for the organization totaled $255.2k during the year ending 12/2023. While expenses have increased by 1.8% per year over the past 5 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.
Since 2020, Frank J & Jacqueline D Klonne Foundation has awarded 45 individual grants totaling $655,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Narley L Haley Co-Trustee | 1 | $909 | |
Fifth Third Bank N A Co-Trustee | 1 | $30,285 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,174 |
| Interest on Savings | $0 |
| Dividends & Interest | $124,923 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,495,304 |
| Capital Gain Net Income | $1,495,304 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,625,401 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,945 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,651 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $224 |
| Total operating and administrative expenses | $65,230 |
| Contributions, gifts, grants paid | $190,000 |
| Total expenses and disbursements | $255,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $153,072 |
| 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 | $4,963,163 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,121,410 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Frank J & Jacqueline D Klonne Foundation has awarded $190,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER CINCINNATI TELEVISION EDUCATIONAL PURPOSE: PROJECT/PROGRAM SUPPORT | $10,000 |
MAY-WE-HELP PURPOSE: PROJECT/PROGRAM SUPPORT | $25,000 |
STEPPING STONES INC PURPOSE: PROJECT/PROGRAM SUPPORT | $5,000 |
THE SALVATION ARMY PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
CINCINNATI CHILDREN'S HOSPITAL MEDICAL PURPOSE: PROJECT/PROGRAM SUPPORT | $25,000 |
RUTH LYONS CHILDREN'S FUND PURPOSE: PROJECT/PROGRAM SUPPORT | $5,000 |