Cleary-Kumm Foundation Inc
- Assets
- $8.0m
- Revenue
- $1.6m
- Investments
- $8.0m
- Employees
- 0
- Location
- La Crosse, WI
- Founding
- 03/1983
- Data as of
- 11/2023
- EIN
- 39-1426785
Organization Overview
Cleary-Kumm Foundation Inc is located in La Crosse, WI. The organization was established in 1983. 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. Cleary-Kumm Foundation 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 11/2023, Cleary-Kumm Foundation Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $983.9k during the year ending 11/2023. While expenses have increased by 2.1% per year over the past 4 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 2021, Cleary-Kumm Foundation Inc has awarded 372 individual grants totaling $2,627,183. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail K Cleary President Director | 0.5 | $0 | |
Kristine H Cleary Vice President Secretary | 0.5 | $0 | |
Sandra G Cleary Vice President Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23,341 |
| Dividends & Interest | $489,516 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,111,700 |
| Capital Gain Net Income | $1,111,700 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,624,557 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,551 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $87,257 |
| Total operating and administrative expenses | $101,808 |
| Contributions, gifts, grants paid | $882,045 |
| Total expenses and disbursements | $983,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,406 |
| Savings and temporary cash investments | $35,609 |
| 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 | $7,992,863 |
| 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, Cleary-Kumm Foundation Inc has awarded $882,045 in support to 140 organizations.
| Grant Recipient | Amount |
|---|---|
ALEX'S LEMONADE STAND FOUNDATIO PURPOSE: DONATION | $1,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: DONATION | $2,000 |
AMERICAN PLAYERS THEATRE PURPOSE: ANNUAL GIFT | $250 |
AMERICAN RED CROSS PURPOSE: MEMORY LA VONNE ZIETLOW | $500 |
APTIV FOUNDATION PURPOSE: DONATION FOR OKTOBERFEST TEAM | $1,000 |
AMERICAN RED CROSS PURPOSE: DONATION | $35,000 |