Klug Fam Foundation
- Assets
- $2.4m
- Revenue
- $821.9k
- Investments
- $3.4m
- Employees
- 0
- Location
- Russell, OH
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 34-1852847
Organization Overview
Klug Fam Foundation is located in Russell, OH. The organization was established in 1998. 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. Klug Fam 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, Klug Fam Foundation generated $821.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (47.4%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Klug Fam Foundation has awarded 28 individual grants totaling $9,636,263. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $600,525 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,082 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $216,267 |
| Capital Gain Net Income | $216,267 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $821,874 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $27,918 |
| Taxes | $715 |
| Depreciation | $0 |
| Occupancy | $200 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $194 |
| Total operating and administrative expenses | $32,962 |
| Contributions, gifts, grants paid | $4,311,897 |
| Total expenses and disbursements | $4,344,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1,002,970 |
| 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 | $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 | $2,433,857 |
| 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 | $100,000 |
| Total liabilities | $100,000 |
Grants Awarded
Over the last fiscal year, Klug Fam Foundation has awarded $8,607,486 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
BEAUMONT SCHOOL PURPOSE: GENERAL PURPOSE | $1,098,223 |
THE SANCTUARY GOLF FUND FOUNDATION PURPOSE: GENERAL PURPOSE | $10,000 |
CHURCH OF THE GESU PURPOSE: GENERAL PURPOSE | $384,290 |
BEAUMONT SCHOOL PURPOSE: GENERAL PURPOSE | $598,240 |
ST LOUIS UNIVERSITY HIGH PURPOSE: GENERAL PURPOSE | $48,527 |
BEAUMONT SCHOOL PURPOSE: GENERAL PURPOSE | $1,465,778 |