Gabby Krause Foundation

Organization Overview

Gabby Krause Foundation, operating under the name Bags Of Fun, is located in Centennial, CO. The organization was established in 2005. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, Bags Of Fun employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bags Of Fun 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, Bags Of Fun generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 13.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SEE PART III, LINE 1.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE GABBY KRAUSE FOUNDATION'S MISSION IS TO DELIVER JOY, LAUGHTER AND RELIEF TO CHILDREN WITH LONG-TERM AND LIFE-LIMITING CONDITIONS. THE SIGNATURE PROJECT OF THE FOUNDATION IS BAGS OF FUN. OUR GOAL IS TO DELIVER A BAG OF FUN (A BACKPACK FILLED WITH EDUCATIONAL, MANIPULATIVE, AND THERAPEUTIC TOYS THAT ARE RELEVANT TO EACH CHILD'S AGE, GENDER, DIAGNOSIS, AND INTERESTS) TO KEEP EVERY CHILD BUSY AND HAPPY DURING LONG HOSPITAL VISITS. IN 2022, WE DELIVERED 1,590 BAGS OF FUN TO HOSPITALS IN COLORADO, MISSOURI, AND NEBRASKA.


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Board, Officers & Key Employees

Name (title)Compensation
Tammy Krause
Chairman/ed
$84,093
Kirklyn Simonton
Director Of
$74,729
Kelly Moran
Finance Dire
$67,206
Doug Slaybaugh
Treasurer
$0
Tom Briggs
President
$0
Emily Maxfield
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$736,914
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$733,127
Noncash contributions included in lines 1a–1f $69,731
Total Revenue from Contributions, Gifts, Grants & Similar$1,470,041
Total Program Service Revenue$0
Investment income $17,252
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,491,373

Grants Recieved

Over the last fiscal year, we have identified 12 grants that Gabby Krause Foundation has recieved totaling $130,559.

Awarding OrganizationAmount
Brian M Anselmo Memorial Foundation

Kansas City, MO

PURPOSE: GENERAL SUPPORT

$31,926
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$31,210
Community First Foundation

Arvada, CO

PURPOSE: GENERAL PURPOSE

$18,610
Kroenke Sports Charities Inc

Denver, CO

PURPOSE: Program Assistance

$13,500
Charities Aid Foundation America

Alexandria, VA

PURPOSE: CHARITABLE DONATION

$12,925
Cancer League Of Colorado Inc

Englewood, CO

PURPOSE: Patient Care/Support Services

$7,500
View Grant Recipient Profile

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