Louis & Frank Kramer Educational Fund
- Assets
- $20.5k
- Revenue
- $1.4k
- Investments
- $16.1k
- Employees
- 0
- Location
- Mitchell, SD
- Founding
- 10/1964
- Data as of
- 12/2021
- EIN
- 51-0190074
Organization Overview
Louis & Frank Kramer Educational Fund is located in Mitchell, SD. The organization was established in 1964. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Louis & Frank Kramer Educational Fund 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 12/2021, Louis & Frank Kramer Educational Fund generated $1.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $39.3k during the year ending 12/2021. While expenses have increased by 6.6% per year over the past 6 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 2015, Louis & Frank Kramer Educational Fund has awarded 53 individual grants totaling $153,100. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $506 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $920 |
| Capital Gain Net Income | $920 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,426 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,700 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,548 |
| Contributions, gifts, grants paid | $34,800 |
| Total expenses and disbursements | $39,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,403 |
| 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 | $20,494 |
| 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, Louis & Frank Kramer Educational Fund has awarded $34,800 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
KANBI KNIPPLING PURPOSE: EDUCATION | $4,600 |
ASHTON BURKE PURPOSE: EDUCATION | $3,800 |
RIGGS PRIEBE PURPOSE: EDUCATION | $3,800 |
JAMIE PAZOUR PURPOSE: EDUCATION | $3,800 |
JACOB MUTZIGER PURPOSE: EDUCATION | $3,800 |
DIANA MARIE GONZALES PURPOSE: EDUCATION | $3,800 |
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|---|---|---|
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Minnesota State University Mankato Foundation Incorporated Mankato, MN | $77,015,205 | $9,285,148 |
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Nebraska Defense Research Corporation Lincoln, NE | $12,097,402 | $14,649,208 |
Iowa High School Athleticassociation Boone, IA | $17,327,220 | $5,760,245 |
St Cloud State University Foundation Inc St Cloud, MN | $54,919,652 | $10,818,973 |
Hmong Education Reform Company St Paul, MN | $74,819,992 | $9,901,803 |
Isu Veterinary Services Corporation Des Moines, IA | $3,723,871 | $7,166,183 |
University Of Minnesota Foundation Investment Advisors Minneapolis, MN | $2,748,098 | $5,244,210 |