Col L C Christensen Charitable & Religious Foundation Inc
- Assets
- $2.5m
- Revenue
- $215.9k
- Investments
- $2.3m
- Employees
- 0
- Location
- Racine, WI
- Founding
- 09/1966
- Data as of
- 12/2023
- EIN
- 39-6096022
Organization Overview
Col L C Christensen Charitable & Religious Foundation Inc is located in Racine, WI. The organization was established in 1966. 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. Col L C Christensen Charitable & Religious 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 12/2023, Col L C Christensen Charitable & Religious Foundation Inc generated $215.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $207.9k during the year ending 12/2023. While expenses have increased by 1.6% per year over the past 8 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 2016, Col L C Christensen Charitable & Religious Foundation Inc has awarded 271 individual grants totaling $1,058,980. 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 |
|---|---|---|---|
Carol J Christensen Director | 1 | $2,200 | |
Harold K Christensen Jr President | 1 | $2,200 | |
Stephen Smith Secretary | 1 | $2,200 | |
Mary Turner Director | 1 | $2,200 | |
Kelly Buchholtz Treasurer | 1 | $5,200 | |
Andrea Oppmann Director | 1 | $1,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $71 |
| Dividends & Interest | $75,941 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $139,931 |
| Capital Gain Net Income | $139,931 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $215,943 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,100 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,476 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,327 |
| Total operating and administrative expenses | $45,361 |
| Contributions, gifts, grants paid | $162,500 |
| Total expenses and disbursements | $207,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,729 |
| 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 | $83,896 |
| Investments—other | $1,993 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,488,064 |
| 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, Col L C Christensen Charitable & Religious Foundation Inc has awarded $162,500 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
ABBOTSFORD BOY SCOUTS PURPOSE: GENERAL SUPPORT | $1,000 |
ABBOTSFORD CUB SCOUTS PURPOSE: GENERAL SUPPORT | $1,000 |
ABBOTSFORD FIRE AND AMBULANCE SERV INC PURPOSE: GENERAL SUPPORT | $16,000 |
ABBOTSFORD LIBRARY PURPOSE: GENERAL SUPPORT | $1,500 |
BETHANY APARTMENTS PURPOSE: TO AID IN THEIR MISSION TO PROVIDE TRANSITIONAL HOUSING TO WOMEN AND CHILDREN WHO HAVE SUFFERED FROM DOMESTIC ABUSE | $4,000 |
ABBOTSFORD GIRL SCOUTS PURPOSE: GENERAL SUPPORT | $2,000 |