Overview
What is The Jim And Margaret Krum Foundation Inc?
The Jim and Margaret Krum Foundation Inc, based in Hilton Head Island, South Carolina, is a philanthropic organization that operates primarily to support the Community Foundation of the Lowcountry Inc. This publically-backed organization, founded in 1994, serves the residents of Beaufort, Colleton, Hampton, and Jasper counties in South Carolina. The Krum Foundation aids the Community Foundation by making grants, directly or indirectly, to organizations aligning with its charitable purposes. These areas of focus include arts and culture, education and youth development, and health and human services. Furthermore, both organizations anticipate offering scholarship grants to individuals. The Krum Foundation's activities help ensure their functions align with the Community Foundation's mission.
Official website here: www.cf-lowcountry.org
Is The Jim And Margaret Krum Foundation Inc legitimate?
The Jim And Margaret Krum Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Jim And Margaret Krum Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $6,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cf-lowcountry.org
What is the mission statement of The Jim And Margaret Krum Foundation Inc?
The Jim and Margaret Krum Foundation Inc. operates with the primary objective of supporting the Community Foundation of the Lowcountry Inc., a publicly supported organization. Its mission is to further its exempt purposes by making grants directly to the Community Foundation and to organizations that align with its charitable purposes. The Community Foundation awards grants to various organizations working in various charitable areas, such as arts and culture, education and youth development, and health and human services. Additionally, both foundations are expected to provide scholarship grants to individuals. The Krum Foundation's activities are primarily aimed at benefiting and supporting the Community Foundation of the Lowcountry Inc. in fulfilling its charitable objectives.
Official website here: www.cf-lowcountry.org
Who is the CEO of The Jim And Margaret Krum Foundation Inc?
Emmy Rooney is the Chairman of The Jim And Margaret Krum Foundation Inc.
Official website here: www.cf-lowcountry.org
What is the revenue of The Jim And Margaret Krum Foundation Inc?
The Jim And Margaret Krum Foundation Inc's revenue in 2022 was $417,843.
Official website here: www.cf-lowcountry.org
Who are the executives of The Jim And Margaret Krum Foundation Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $99,370
- Other: $13,091
Official website here: www.cf-lowcountry.org
Where can I find the form 990 for The Jim And Margaret Krum Foundation Inc?
The Jim And Margaret Krum Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cf-lowcountry.org
Learn more at the official website: www.cf-lowcountry.org
Mission Statement of The Jim And Margaret Krum Foundation Inc
The Jim and Margaret Krum Foundation Inc operates with the primary objective of supporting the Community Foundation of the Lowcountry Inc, a publicly recognized charitable organization. Established in 1994, this foundation serves the residents of Beaufort, Colleton, Hampton, and Jasper counties in South Carolina. The Krum Foundation's mission is to advance its exempt purposes by making grants to both the Community Foundation and organizations that align with its charitable goals. These organizations operate in various sectors, including arts and culture, education and youth development, and health and human services. Additionally, both the Krum Foundation and the Community Foundation anticipate granting scholarships to individuals. The Krum Foundation plays a vital role in supporting the Community Foundation's charitable endeavors, contributing to the betterment of its community.
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Impact
October, 2024
The Jim And Margaret Krum Foundation Inc plays a pivotal role in supporting various charitable initiatives within South Carolina, specifically in the counties of Beaufort, Colleton, Hampton, and Jasper. By operating exclusively for the benefit of the Community Foundation of the Lowcountry, the Krum Foundation enables the allocation of funds to address diverse community needs.
Its contributions enhance programs in arts and culture, education and youth development, as well as health and human services. By making direct grants to the Community Foundation and associated organizations, the Krum Foundation facilitates impactful projects that uplift residents and foster community growth.
Additionally, the foundation emphasizes education through scholarship grants, helping individuals pursue academic opportunities that can lead to personal and professional development. Through these efforts, the Jim And Margaret Krum Foundation Inc significantly enriches the quality of life in the Lowcountry, promoting a culture of giving and community support.
This information is meant to be a general summary of The Jim And Margaret Krum Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $417,496
- Gross Receipts: $417,843
Assets and Liabilities:
- Total Assets: $10,817,776
- Total Liabilities: $399,467
- Net Assets: $10,418,309
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Organization Details
Founding Year
2009
Phone
(843) 681-9100Principal Officer
Emmy Rooney
Main Address
4 NORTHRIDGE DRIVE STE A, HILTON HEAD ISLAND, SC, 29925
Website
www.cf-lowcountry.orgNTEE Category
Code: T112 - Philanthropy
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