Krause Foundation
- Assets
- $11.2m
- Revenue
- $1.7m
- Investments
- $10.9m
- Employees
- 0
- Location
- Los Altos Hills, CA
- Founding
- 09/1995
- Data as of
- 12/2021
- EIN
- 77-0388463
Organization Overview
Krause Foundation is located in Los Altos Hills, CA. The organization was established in 1995. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Krause 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 12/2021, Krause Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 65.1% each year . All expenses for the organization totaled $642.7k during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 4 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.
Since 2020, Krause Foundation has awarded 33 individual grants totaling $1,106,020. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CITADEL FOUNDATION- 171 MOULTRIE ST, CHARLESTON, SC 29409
PALO ALTO MEDICAL FOUNDATION - 795 EL CAMINO REAL, PALO ALTO, CA 94301
FOOTHILL DEANZA FOUNDATION - 12345 EL MONTE ROAD, LOS ALTOS HILLS, CA 94022
PENNSYLVANIA STATE UNIVERSITY - STATE COLLEGE, PA 16801
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
L Gay Krause President | 0 | $0 | |
L William Krause Secretary / Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20 |
| Dividends & Interest | $152,792 |
| Net Rental Income | $24,442 |
| Net Gain on Sale of Assets | $1,525,906 |
| Capital Gain Net Income | $1,525,906 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,594 |
| Total Revenue | $1,714,754 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,075 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,857 |
| Total operating and administrative expenses | $68,182 |
| Contributions, gifts, grants paid | $574,500 |
| Total expenses and disbursements | $642,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,185 |
| 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 | $10,316,585 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,195,631 |
| 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, Krause Foundation has awarded $574,500 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
PALO ALTO MEDICAL FOUNDATION PURPOSE: DONATION | $125,000 |
FOOTHILL DEANZA FOUNDATION PURPOSE: DONATION | $110,000 |
Charleston, SC PURPOSE: DONATION | $100,000 |
PENNSYLVANIA STATE UNIVERSITY PURPOSE: DONATION | $75,000 |
YMCA OF SILICON VALLEY PURPOSE: DONATION | $30,000 |
Oakland, CA PURPOSE: DONATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Terros Inc Phoenix, AZ | $47,004,822 | $84,266,385 |
Community Research Foundation Inc San Diego, CA | $20,745,009 | $77,081,989 |
Independent Order Of Odd Fellows San Jose, CA | $263,514,735 | $67,258,563 |
Gallo Employee Benefit Trust Modesto, CA | $5,341,212 | $62,468,490 |
Arizona Behavioral Health Corporation Phoenix, AZ | $19,459,678 | $40,892,493 |
Turning Point Usa Inc Phoenix, AZ | $7,306,560 | $39,843,289 |
Central City Community Health Center Monterey Park, CA | $37,966,009 | $52,273,838 |
Koret Foundation San Francisco, CA | $515,520,670 | $39,088,314 |
South Coast Childrens Society Inc Mission Viejo, CA | $13,233,032 | $36,840,141 |
Partnerships To Uplift Communities Valley Burbank, CA | $45,863,273 | $39,395,312 |
Lake County Tribal Health Consortium Inc Lakeport, CA | $69,377,072 | $39,633,665 |
Child And Family Service Ewa Beach, HI | $20,885,160 | $29,767,300 |