Daniel J & Ann L Krumm Charitable Trust
- Assets
- $4.5m
- Revenue
- $46.5k
- Investments
- $4.2m
- Employees
- 0
- Location
- Ames, IA
- Founding
- 03/1988
- Data as of
- 12/2022
- EIN
- 42-1308651
Organization Overview
Daniel J & Ann L Krumm Charitable Trust is located in Ames, IA. The organization was established in 1988. 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. Daniel J & Ann L Krumm Charitable Trust 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, Daniel J & Ann L Krumm Charitable Trust generated $46.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $302.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Daniel J & Ann L Krumm Charitable Trust has awarded 112 individual grants totaling $1,391,300. 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 |
|---|---|---|---|
Timothy J Krumm Trustee | 1 | $0 | |
David J Krumm Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,358 |
| Dividends & Interest | $71,970 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$59,182 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $26,403 |
| Total Revenue | $46,549 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,094 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,884 |
| Total operating and administrative expenses | $43,974 |
| Contributions, gifts, grants paid | $258,300 |
| Total expenses and disbursements | $302,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,977 |
| 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 | $4,498,533 |
| 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, Daniel J & Ann L Krumm Charitable Trust has awarded $258,300 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF JOHNSON COUNTY PURPOSE: GENERAL OPERATING | $2,725 |
DES MOINES METRO OPERA PURPOSE: GENERAL OPERATING | $67,000 |
EMPOWER TANZANIA PURPOSE: GENERAL OPERATING | $5,000 |
EVANGELICAL CHURCH IN AMERICA PURPOSE: GENERAL OPERATING | $10,000 |
IOWA COLLEGE FUND PURPOSE: GENERAL OPERATING | $2,000 |
IOWA NATURAL HERITAGE FOUNDATION PURPOSE: GENERAL OPERATING | $16,000 |