Klrn Endowment Fund Inc
- Assets
- $12.0m
- Revenue
- $979.7k
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 05/2019
- Data as of
- 09/2022
- EIN
- 74-2709188
Organization Overview
Klrn Endowment Fund Inc is located in San Antonio, TX. The organization was established in 2019. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Klrn Endowment Fund 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 09/2022, Klrn Endowment Fund Inc generated $979.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.3% each year . All expenses for the organization totaled $460.4k during the year ending 09/2022. While expenses have increased by 9.0% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AN ENDOWMENT FOR SUPPORT OF THE MISSION OF KLRN, THE PUBLIC BROADCASTING ENTITY SERVING SOUTH CENTRAL TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENDOWMENT THAT CONTRIBUTES SUPPORT BASED ON A PERCENTAGE OF ASSETS HELD TO ALAMO PUBLIC TELECOMMUNICATIONS COUNCIL, DBA KLRN, THE PUBLIC BROADCASTING ENTITY SERVING SOUTH CENTRAL TEXAS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregg Muenster Past Chair | OfficerTrustee | 1 | $0 |
Cathy Obriotti Green Member At Large | OfficerTrustee | 1 | $0 |
Bruce M Mitchell Secretary | OfficerTrustee | 1 | $0 |
Tommy Oliphint Treasurer | OfficerTrustee | 1 | $0 |
C Martin Wender Chairman | OfficerTrustee | 1 | $0 |
Luis DE La Torre Member At Large | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $326,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $326,596 |
| Total Program Service Revenue | $0 |
| Investment income | $456,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $89,102 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $979,656 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $407,009 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,355 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $663 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $460,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,661 |
| Savings and temporary cash investments | $375,072 |
| Pledges and grants receivable | $18,000 |
| Accounts receivable, net | $18,957 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,437,897 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,924,000 |
| Total assets | $12,046,587 |
| Accounts payable and accrued expenses | $33,267 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $33,267 |
| Net assets without donor restrictions | $213,824 |
| Net assets with donor restrictions | $11,799,496 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,046,587 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Klrn Endowment Fund Inc has recieved totaling $26,653.
| Awarding Organization | Amount |
|---|---|
San Antonio Area Foundation San Antonio, TX PURPOSE: GENERAL SUPPORT | $19,253 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $7,400 |
Endowment Analysis
| Beg. Balance | $13,795,164 |
| Earnings | -$1,758,450 |
| Admin Expense | $12,018 |
| Net Contributions | $437,000 |
| Grants | $448,376 |
| Ending Balance | $12,013,320 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Legett Foundation Abilene, TX | $82,883,497 | $23,683,505 |
Kickapoo Springs Foundation Abilene, TX | $72,184,356 | $14,228,741 |
L S U Property Foundation Baton Rouge, LA | $15,333,183 | $5,972,139 |
Gibbs Christian Education Foundation Inc Owasso, OK | $5,420,863 | $1,976,079 |
Liberty Ukraine Foundation Austin, TX | $882,212 | $2,684,973 |
Friend Ships Lake Charles, LA | $2,732,214 | $1,634,834 |
Trinity Oaks Enterprises San Antonio, TX | $6,662,220 | $1,110,541 |
At&t Employee Relief Fund Dallas, TX | $5,954,314 | $1,646,484 |
The Manna Center Siloam Springs, AR | $826,207 | $1,196,710 |
Holt Foundation San Antonio, TX | $3,165,417 | $1,736,930 |
Pauls Valley General Hospital Foundation Pauls Valley, OK | $1,892,753 | $1,057,903 |
Wilson Charitable Tr Jacksonville, AR | $1,312,947 | $53,064 |