Kg Foundation Under Tr Agreement 12032013
- Assets
- $342.0
- Revenue
- $100.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 32-6325139
Organization Overview
Kg Foundation Under Tr Agreement 12032013 is located in Minneapolis, MN. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kg Foundation Under Tr Agreement 12032013 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, Kg Foundation Under Tr Agreement 12032013 generated $100.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $100.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kg Foundation Under Tr Agreement 12032013 has awarded 58 individual grants totaling $747,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald A Erickson Trustee | 1 | $0 | |
Kathleen O Erickson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $100,001 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26 |
| Total operating and administrative expenses | $26 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $100,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $342 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $342 |
| 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, Kg Foundation Under Tr Agreement 12032013 has awarded $100,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ALLINA HEALTH FOUNDATION PURPOSE: TO SUPPORT NURSING EXCELLENCE | $15,000 |
BLAKE SCHOOL PURPOSE: TO SUPPORT THE ANNUAL FUND | $10,000 |
MINNEAPOLIS HEART INSTITUTE FOUNDATION PURPOSE: TO SUPPORT THE FIGHT AGAINST HEART DISEASE | $20,000 |
MAYO CLINIC PURPOSE: TO SUPPORT RESEARCH, PATIENT CARE AND EDUCATION | $20,000 |
MINNESOTA ORCHESTRA PURPOSE: TO SUPPORT HEALTH CARE TREATMENT & TECHNOLOGY | $15,000 |
TWIN CITIES PUBLIC TELEVISION PURPOSE: TO SUPPORT PUBLIC PROGRAMMING | $10,000 |