Koenig Private Foundation Inc
- Assets
- $3.1m
- Revenue
- $427.2k
- Investments
- $1.8m
- Employees
- 0
- Location
- Solomons, MD
- Founding
- 04/2001
- Data as of
- 06/2022
- EIN
- 54-2010650
Organization Overview
Koenig Private Foundation Inc is located in Solomons, MD. The organization was established in 2001. 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. Koenig Private 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 06/2022, Koenig Private Foundation Inc generated $427.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $957.2k during the year ending 06/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES ANNMARIE GARDENS, A BOTANICAL SCULPTURE GARDEN OPEN TO THE PUBLIC, LOCATED IN CALVERT COUNTY MARYLAND. EXPENDITURES INCLUDED OPERATING EXPENSES TOTALING APPROXIMATELY $800,000 PLUS NET CAPITAL EXPENDITURES FOR USE OF ASSETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Uherek President | 15 | $0 | |
Patrick Buehler Vice President/secretary | 3 | $0 | |
Stacey Hann-Ruff Assistant Secretary | 40 | $105,621 | |
A Everett Hoeg III Vice President | 1 | $0 | |
Duane Beckhorn President, Retired | 3 | $0 | |
Jaimie L Jeffrey Curator/deputy Direc | 40 | $71,218 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $757,831 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,702 |
| Net Rental Income | $12,470 |
| Net Gain on Sale of Assets | -$376,771 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $427,232 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $105,621 |
| Other employee salaries and wages | $654,904 |
| Pension plans, employee benefits | $70,912 |
| Interest | $0 |
| Taxes | $68,841 |
| Depreciation | $15,553 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,853 |
| Total operating and administrative expenses | $957,246 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $957,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,416 |
| Savings and temporary cash investments | $67,495 |
| 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 | $49,694 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,191,195 |
| Other assets | $3,300 |
| Total assets | $3,118,570 |
| Accounts payable and accrued expenses | $19,181 |
| Grants payable | $0 |
| Deferred revenue | $22,100 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $41,281 |