Drees Homes Foundation Inc
- Assets
- $13.0m
- Revenue
- $1.5m
- Investments
- $12.8m
- Employees
- 0
- Location
- Fort Mitchell, KY
- Founding
- 05/2016
- Data as of
- 12/2021
- EIN
- 81-1255960
Organization Overview
Drees Homes Foundation Inc is located in Fort Mitchell, KY. The organization was established in 2016. 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. Drees Homes 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 12/2021, Drees Homes Foundation Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $747.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Drees Homes Foundation Inc has awarded 17 individual grants totaling $1,728,000. 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 |
|---|---|---|---|
Lynn M Hemmer Treasurer & Director | 1 | $0 | |
Barbara Drees Jones President | 1 | $0 | |
Philip A Drees Vice President, Secretary & Director | 1 | $0 | |
David G Drees Director | 1 | $0 | |
Susan A Panoushek Director | 1 | $0 | |
Irmaleen Drees Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $750,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $315,350 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $451,334 |
| Capital Gain Net Income | $451,334 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,516,684 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,108 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,234 |
| Total operating and administrative expenses | $69,167 |
| Contributions, gifts, grants paid | $678,000 |
| Total expenses and disbursements | $747,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,963 |
| Savings and temporary cash investments | $186,063 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,981,396 |
| 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, Drees Homes Foundation Inc has awarded $678,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
EMERGENCY SHELTER OF NORTHERN KY PURPOSE: PROGRAM SUPPORT | $200,000 |
ST ELIZABETH FOUNDATION PURPOSE: PROGARAM SUPPORT | $150,000 |
NOTRE DAME ACADEMY PURPOSE: PROGRAM SUPPORT | $125,000 |
HORIZON COMMUNITY FUND PURPOSE: PROGRAM SUPPORT | $75,000 |
THE CATALYTIC FUND PURPOSE: PROGRAM SUPPORT | $50,000 |
ACUE PURPOSE: PROGRAM SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |