David Lloyd Kreeger Foundation
- Assets
- $105.8m
- Revenue
- $9.8m
- Investments
- $19.1m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 04/1962
- Data as of
- 12/2020
- EIN
- 52-6037451
Organization Overview
David Lloyd Kreeger Foundation is located in Washington, DC. The organization was established in 1962. 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. David Lloyd Kreeger Foundation 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 12/2020, David Lloyd Kreeger Foundation generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 46.7% each year . All expenses for the organization totaled $1.5m during the year ending 12/2020. While expenses have increased by 1.4% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF ART MUSEUM FACILITIESPRIMARY BENEFICIARY IS THE GENERAL PUBLIC
PUBLIC PROGRAMS EXHIBITIONSPRIMARY BENEFICIARY IS THE GENERAL PUBLIC
PUBLICATIONS - EDUCATIONPRIMARY BENEFICIARY IS THE GENERAL PUBLIC
CHARITABLE CONTRIBUTIONS - (SEE PART XV)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Kreeger Director | 35 | $126,000 | |
Helen Wilson Chason Employee | 40 | $84,900 | |
Ivan Delgado Employee | 40 | $55,485 | |
Robert E Davis Director | 0 | $0 | |
Carol Ingal Director | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $339,838 |
| Interest on Savings | $0 |
| Dividends & Interest | $385,071 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,906,466 |
| Capital Gain Net Income | $8,906,466 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $183,331 |
| Total Revenue | $9,814,706 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $126,000 |
| Other employee salaries and wages | $383,574 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $195,906 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $608,976 |
| Total operating and administrative expenses | $1,474,401 |
| Contributions, gifts, grants paid | $4,000 |
| Total expenses and disbursements | $1,478,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,364 |
| 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 | $3,732,347 |
| Net Land, buildings, and equipment | $7,043,363 |
| Other assets | $79,467,650 |
| Total assets | $105,821,660 |
| 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 | $68 |
| Total liabilities | $68 |
Grants Awarded
Over the last fiscal year, David Lloyd Kreeger Foundation has awarded $18,731 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GIFT OF SECURITIES TO HEIFETZ INT'L SCHOOL PURPOSE: GENERAL FUNDS | $16,731 |
WETA PUBLIC TV PURPOSE: GENERAL FUNDS | $1,000 |
WEIZMANN INSTITURE FOR SCIENCE PURPOSE: GENERAL FUNDS | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that David Lloyd Kreeger Foundation has recieved totaling $30,100.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: PROGRAMS | $25,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $5,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Stephen And Renee Bisciotti Foundation Inc Baltimore, MD | $229,911,583 | $55,799,955 |
Norman R Rales And Ruth Rales Foundation Washington, DC | $221,982,032 | $95,551,218 |
T Rowe Price Foundation Baltimore, MD | $114,583,054 | $23,335,778 |
Edward C And Linda Dresner Levy Foundation Reston, VA | $6,482,787 | $4,609,179 |
Mann-Paller Foundation Inc Bethesda, MD | $80,615,648 | $30,572,645 |
Northrop Grumman Foundation Falls Church, VA | $33,455,291 | $16,167,307 |
Regent Philanthropic Foundation Inc Hunt Valley, MD | $5,466,613 | $606,006 |