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Nonprofiteer
← CRANE FAMILY FOUNDATION

Form 990 for tax year 2024

Filed by CRANE FAMILY FOUNDATION.

Totals

Total revenue
$1,046,207
Total expenses
$1,437,474
Contributions and grants received
$0
Grants paid
$1,217,000
Program service revenue
$0
Investment income
$1,038,470
Other revenue
$7,737
Total assets, end of year
$25,710,690
Total liabilities, end of year
$1,060,000
Net assets or fund balances, end of year
$24,650,690
Program services expenses (Part IX)
$1,217,000
Management and general expenses
$220,474
Fundraising expenses
$0
Program service expenses (Part III)
$1,217,000

Program services were 84.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $473,864 · excluded $473,864

  • 7a · Gross sales of assets other than inventory

    securities $3,580,870 · other assets $32,541

  • 7b · Less cost or other basis and sales expenses

    securities $3,048,805 · other assets $0

  • 7c · Gain or loss

    securities $532,065 · other assets $32,541

  • 7d · Net gain or loss

    total $564,606 · unrelated business $10,117 · excluded $554,489

  • 11a · Other revenue: OTHER PASS-THROUGH INCOME

    total $7,737 · unrelated business $1,379 · excluded $6,358

  • 11e · Other revenue, total

    $7,737

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,217,000 · program services $1,217,000

  • 11a · Fees: management

    total $48,440 · management and general $48,440

  • 11c · Fees: accounting

    total $4,100 · management and general $4,100

  • 11f · Fees: investment management

    total $56,318 · management and general $56,318

  • 24a · Other expenses: OTHER EXPENSES

    total $71,337 · management and general $71,337

  • 24b · Other expenses: PASS THROUGH DEDUCTIONS

    total $40,079 · management and general $40,079

  • 24c · Other expenses: FILING FEE

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $177,863 · end of year $1,693,024

  • 4 · Accounts receivable

    beginning of year $16,835 · end of year $12,635

  • 11 · Investments: publicly traded securities

    beginning of year $21,386,704 · end of year $22,975,088

  • 12 · Investments: other securities

    beginning of year $858,446 · end of year $1,029,943

  • 18 · Grants payable

    beginning of year $291,000 · end of year $1,060,000

  • 27 · Net assets without donor restrictions

    beginning of year $22,148,848 · end of year $24,650,690

Mission and programs · 2024

Mission

SEE SCHEDULE O. GIVE BACK TO OUR COMMUNITIES AND THE WORLD IN WHICH WE LIVE IN THANKFUL APPRECIATION OF ALL THEY HAVE GIVEN THE CRANE FAMILY AND INSPIRE PHILANTHROPIC PASSION IN FUTURE GENERATIONS OF CRANE FAMILY MEMBERS BY TEACHING THEM THE WAYS OF COMMUNITY STEWARDSHIP.COMMON REASONS BEHIND MISSION: GIVE BACK TO THE COMMUNITYFULFILL THE OBLIGATION OF ONE TO WHOM MUCH IS GIVEN AND MUCH IS EXPECTED.TEACH FUTURE GENERATIONS TO BE GOOD COMMUNITY STEWARDS.INSTILL PHILANTHROPIC PASSION IN FUTURE GENERATION.MAKE OUR COMMUNITY A BETTER PLACE.MAKE OUR WORLD A BETTER PLACE.

Activities or mission (Part I)

TO SUPPORT CHARITABLE ACTIVITIES IN THE COMMUNITIES IN WHICH WE LIVE.

  • SOCIAL SERVICES

    Expenses $494,500 · Grants $494,500

  • EDUCATION

    Expenses $340,000 · Grants $340,000

  • CONSERVATION

    Expenses $160,000 · Grants $160,000

  • ARTS AND HUMANITIES

    Expenses $120,000 · Grants $120,000

  • HEALTH

    Expenses $102,500 · Grants $102,500

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sally Cox

    CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • M Jameson Crane

    DIRECTOR/VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Natalie C Wolff

    DIRECTOR/PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mary K Lazarus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles R Saxbe Esq

    DIRECTOR (THRU 12/31/24)

    Total calculated
    $0
    Hours/week
    1

  • Thomas J Katzenmeyer

    DIRECTOR (THRU 12/31/24)

    Total calculated
    $0
    Hours/week
    1

  • Grant L Douglass

    DIRECTOR (THRU 12/31/24)

    Total calculated
    $0
    Hours/week
    1

  • Timothy T Miller

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Douglas F Kridler

    SECRETARY

    Total calculated
    $1,012,706
    From this org
    $0
    From related orgs
    $905,239
    Other
    $107,467
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $545,287 related
    Bonus
    $0 + $300,000 related
    Other
    $0 + $59,952 related
    Deferred
    $0 + $84,500 related
    Nontaxable benefits
    $0 + $22,967 related
    Filer's total
    $0 + $1,012,706 related

  • Scott Heitkamp

    TREASURER

    Total calculated
    $381,890
    From this org
    $0
    From related orgs
    $318,492
    Other
    $63,398
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $318,492 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $32,888 related
    Nontaxable benefits
    $0 + $30,510 related
    Filer's total
    $0 + $381,890 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2025
IRS schema version
2024v5.1
Source object
202521339349301932

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