Knitcraft-St Croix Foundation Inc
- Assets
- $175.8k
- Revenue
- $1.9k
- Investments
- $127.0k
- Employees
- 0
- Location
- Winona, MN
- Founding
- 04/1995
- Data as of
- 06/2023
- EIN
- 41-1794859
Organization Overview
Knitcraft-St Croix Foundation Inc is located in Winona, MN. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knitcraft-St Croix 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 06/2023, Knitcraft-St Croix Foundation Inc generated $1.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (29.9%) each year. All expenses for the organization totaled $27.3k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND CONTRIBUTIONS FOR EDUCATIONAL SUPPORT SERVIES 3 ORGANIZATIONS SERVED
GRANTS AND CONTRIBUTIONS FOR DISABILITY SERVICES 4 ORGANIZATIONS SERVED
GRANTS AND CONTRIBUTIONS FOR SOCIAL SERVICES 4 ORGANIZATIONS SERVED
GRANTS AND CONTRIBUTIONS FOR CHILDRENS SERVICES 3 ORGANIZATIONS SERVED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernard Brenner Trustee | 1 | $0 | |
Josh Harrison VP | 1 | $0 | |
Colleen Brenner Board | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,625 |
| Interest on Savings | $273 |
| 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 | $1,898 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,428 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $79 |
| Total operating and administrative expenses | $3,132 |
| Contributions, gifts, grants paid | $24,168 |
| Total expenses and disbursements | $27,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,079 |
| Savings and temporary cash investments | $1,596 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $170 |
| 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 | $126,966 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $175,811 |
| 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, Knitcraft-St Croix Foundation Inc has awarded $24,168 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WINONA ORC INDUSTRIES INC PURPOSE: DISABILITY SERVICES | $3,000 |
CHILEDA FOUNDATION PURPOSE: DIABILITY SERVICES | $2,000 |
HOPE LUTHERN HIGH SCHOOL PURPOSE: EDUCATION | $7,000 |
MN CITIZENS CONCERNED FOR LIFE PURPOSE: SOCIALCHILD SERVICES | $2,000 |
ALL OTHERS UNDER 2000 PURPOSE: SOC DIS ED CHLD | $10,168 |