Overview
What is The Gabby Krause Foundation?
The Gabby Krause Foundation, operating under the name "Bags of Fun," is a compassionate nonprofit organization based in Centennial, Colorado. With a mission to bring joy, laughter, and relief to children battling long-term and potentially life-threatening conditions, the foundation has a specific project: providing "Bags of Fun." These backpacks are filled with educational, manipulative, and therapeutic toys tailored to each child's age, gender, diagnosis, and interests. In 2022, the foundation distributed 1,590 such bags to hospitals in Colorado, Missouri, and Nebraska, aiming to keep children occupied and happy during lengthy hospital stays. The organization's small yet dedicated team of seven employees works tirelessly to achieve this goal.
Official website here: www.bagsoffun.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Gabby Krause Foundation has achieved an impressive 94% rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization excels in leadership and community culture, scoring a perfect 100 in both categories. This reflects their effective governance and commitment to fostering a positive environment, supported by a majority of independent board members.
The foundation's financial health is robust, evidenced by its program expense ratio of over 80%, which signifies that a significant portion of its funds is directed towards its mission-related activities. Additionally, the organization demonstrates a low liabilities to assets ratio, indicating solid financial stability. Their transparent operational practices, including a conflict of interest policy and documented board meeting minutes, further enhance their credibility.
While the foundation's strengths are evident in its high scores across various metrics, ongoing scrutiny of their financial and operational practices is essential to maintain these standards. Overall, their commitment to accountability and community engagement makes The Gabby Krause Foundation a reputable organization worthy of support.
This AI summary has been generated from information found on Charity Navigator.
Is The Gabby Krause Foundation legitimate?
The Gabby Krause Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Gabby Krause Foundation 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: $232,291
Professional Fundraising Fees: $0
Other Salaries and Wages: $331,963
For more financial information, click here
Official website here: www.bagsoffun.org
What is the mission statement of The Gabby Krause Foundation?
The Gabby Krause Foundation's mission is to provide joy, laughter, and relief to children battling long-term, life-threatening diseases or conditions. They achieve this by delivering specially curated bags filled with educational, manipulative, and therapeutic toys to keep these children engaged and happy during lengthy hospital visits. In 2022, the foundation distributed 1,590 such bags to hospitals in Colorado, Missouri, and Nebraska.
Official website here: www.bagsoffun.org
What is the revenue of The Gabby Krause Foundation?
The Gabby Krause Foundation's revenue in 2024 was $1,629,647.
Official website here: www.bagsoffun.org
Who are the executives of The Gabby Krause Foundation and what are their salaries?
The average compensation at The Gabby Krause Foundation during 2024 was $35,266. There are 16 employees and 1195 volunteers at The Gabby Krause Foundation.
Here are 9 key members and their salaries:
- Compensation: $91,014
- Related: $0
- Other: $0
- Compensation: $75,667
- Related: $0
- Other: $0
- Compensation: $65,610
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bagsoffun.org
Where can I find the form 990 for The Gabby Krause Foundation?
The Gabby Krause Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.bagsoffun.org
Learn more at the official website: www.bagsoffun.org
Mission Statement of The Gabby Krause Foundation
The Gabby Krause Foundation, a nonprofit organization, is dedicated to providing joy, laughter, and relief to children who are battling long-term, life-threatening diseases or conditions. Its mission is to alleviate the monotony and hardships of prolonged hospital stays for these children by delivering specially curated bags filled with educational, manipulative, and therapeutic toys. These bags, known as 'Bags of Fun,' are tailored to each child's age, gender, diagnosis, and interests, ensuring that every child can find something to keep them occupied and happy during their hospital visits. In 2022, the foundation distributed 1,590 such bags to hospitals in Colorado, Missouri, and Nebraska.
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Impact
July, 2024
The Gabby Krause Foundation's impact is significant in delivering joy, laughter, and relief to children facing long-term and life-threatening conditions, particularly cancer. Through the Bags of Fun program, the foundation provides backpacks filled with educational, manipulative, and therapeutic toys tailored to each child's age, gender, diagnosis, and interests. In 2022 alone, the foundation delivered 1,590 Bags of Fun to hospitals in Colorado, Missouri, and Nebraska, helping to keep children busy and happy during their long hospital visits. This initiative makes a meaningful difference in the lives of these young patients, providing them with moments of joy and distraction during challenging times.
This information is meant to be a general summary of The Gabby Krause Foundation. 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 2024.
- Investment Income: $28,462
- Gross Receipts: $2,133,381
Assets and Liabilities:
- Total Assets: $1,721,212
- Total Liabilities: $345,514
- Net Assets: $1,375,698
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Organization Details
Founding Year
2004
Principal Officer
Tammy Krause
Website
www.bagsoffun.orgNTEE Category
Code: G123 - Disease
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