Kropp Charitable Foundation Inc
- Assets
- $2.2m
- Revenue
- $67.4k
- Investments
- $2.1m
- Employees
- 0
- Location
- Nebraska City, NE
- Founding
- 07/1976
- Data as of
- 09/2024
- EIN
- 51-0192542
Organization Overview
Kropp Charitable Foundation Inc is located in Nebraska City, NE. The organization was established in 1976. 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. Kropp Charitable 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 09/2024, Kropp Charitable Foundation Inc generated $67.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $75.1k during the year ending 09/2024. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kropp Charitable Foundation Inc has awarded 234 individual grants totaling $976,879. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacie Higgins President | 0 | $0 | |
Jason Mcneely Secretary/treasurer | 0 | $0 | |
Heidi Bernard Director | 0 | $0 | |
Susan Billups Director | 0 | $0 | |
Faye Booth Director | 0 | $0 | |
Evan Cox Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $67,360 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $96,172 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $67,366 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,896 |
| Contributions, gifts, grants paid | $72,200 |
| Total expenses and disbursements | $75,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,060 |
| 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 | $2,121,328 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $760 |
| Total assets | $2,212,148 |
| 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, Kropp Charitable Foundation Inc has awarded $72,200 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
LEWIS & CLARK CENTER PURPOSE: HISTORICAL FORTREPLICA | $15,000 |
KREGEL WINDMILL MUSEUM PURPOSE: HISTORICAL EXHIBITFOR MUSEUM | $2,500 |
NEBRASKA CITY PUBLIC SCHOOLS FOUNDATION PURPOSE: TO SUPPORT FINEARTS AND SPORTSCOMPLEX NEEDS | $17,500 |
COWLES HILL CEMETERY ASSOCIATION PURPOSE: MOWING AND UPKEEPOF CEMETERYGROUNDS | $4,000 |
MORTON JAMES PUBLIC LIBRARY PURPOSE: SUBSIDIZECOMPUTERS | $21,950 |
NEBRASKA CITY BASEBALL ASSOCIATION PURPOSE: SUBSIDIZE ANNUALMAINTENANCE EXPENSE | $5,000 |