Jenny H & Otto F Krauss Charitable Foundation
- Assets
- $9.1m
- Revenue
- $2.0m
- Investments
- $8.6m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 38-2837174
Organization Overview
Jenny H & Otto F Krauss Charitable Foundation is located in Raleigh, NC. The organization was established in 0000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Jenny H & Otto F Krauss Charitable 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 12/2021, Jenny H & Otto F Krauss Charitable Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.8% each year . All expenses for the organization totaled $742.7k during the year ending 12/2021. While expenses have increased by 5.5% 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.
Since 2013, Jenny H & Otto F Krauss Charitable Foundation has awarded 263 individual grants totaling $4,761,500. 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 |
|---|---|---|---|
Fredrick G Krauss Trustee | 5 | $0 | |
Alan F Krauss Trustee | 3 | $0 | |
Virginia D Krauss Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $184 |
| Dividends & Interest | $145,497 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,879,464 |
| Capital Gain Net Income | $1,879,464 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,025,145 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,488 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $901 |
| Total operating and administrative expenses | $172,182 |
| Contributions, gifts, grants paid | $570,500 |
| Total expenses and disbursements | $742,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $494,278 |
| 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 | $9,064,040 |
| Accounts payable and accrued expenses | $28 |
| 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 | $28 |
Grants Awarded
Over the last fiscal year, Jenny H & Otto F Krauss Charitable Foundation has awarded $570,500 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
WORLD COMPASSION TLM INC PURPOSE: GENERAL FUNDS | $50,000 |
GOOD SHEPHERD MINISTRIES PURPOSE: GENERAL FUNDS | $50,000 |
CAMP WESTMINSTER PURPOSE: GENERAL FUNDS | $35,000 |
PULMONARY FIBROSIS FD PURPOSE: GENERAL FUNDS | $35,000 |
Raleigh, NC PURPOSE: EDUCATIONAL | $35,000 |
WORLD MISSIONS MINISTRES-GAILYA PURPOSE: GENERAL FUNDS | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |