David And Mary Krassenstein Foundation
- Assets
- $1.4m
- Revenue
- $36.9k
- Investments
- $1.4m
- Employees
- 0
- Location
- Margate, NJ
- Founding
- 10/2003
- Data as of
- 06/2024
- EIN
- 54-2124868
Organization Overview
David And Mary Krassenstein Foundation is located in Margate, NJ. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 And Mary Krassenstein 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 06/2024, David And Mary Krassenstein Foundation generated $36.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $77.6k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, David And Mary Krassenstein Foundation has awarded 50 individual grants totaling $714,603. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William E Margolis President/trustee | 0 | $0 | |
Ruth K Niesen Treasurer/trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31,047 |
| Dividends & Interest | $27,900 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$22,044 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $36,903 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $689 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $743 |
| Total operating and administrative expenses | $10,450 |
| Contributions, gifts, grants paid | $67,103 |
| Total expenses and disbursements | $77,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,008 |
| 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 | $744,672 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,369,471 |
| 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, David And Mary Krassenstein Foundation has awarded $67,103 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CONGREGATION BETH JUDAH PURPOSE: CHARITABLE PURPOSES | $9,586 |
SHIRAT HAYAM PURPOSE: CHARITABLE PURPOSES | $19,173 |
JEWISH COMMUNITY CENTER PURPOSE: CHARITABLE PURPOSES | $9,586 |
TEMPLE BETH SHALOM PURPOSE: CHARITABLE PURPOSES | $9,586 |
JEWISH FAMILY SERVICE PURPOSE: CHARITABLE PURPOSES | $9,586 |
SEASHORE GARDENS LIVING CENTER PURPOSE: CHARITABLE PURPOSES | $9,586 |