Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jul 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
94 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
8 people listed on the 990; $4K paid to officers and key staff.
Darryl Dieckman’s $4K as President is at the 23rd percentile of top reported officer pay among 250 <$100K arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Encourages and promotes excellence in woodworking.
Questions for The Krenov Foundation
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Scholarships & Awards
To students at the Krenov School and other woodworking programs
Archive Project
Maintenance of The Krenov Archive, an online archive of photographs and videos of James Krenov's works
Community Projects
To support woodworking programs at local schools
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $155K | $168K |
| InvestmentsLn 11–13 | $0 | $0 |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $155K | $168K |
| LiabilitiesLn 26 | $0 | $18K |
| Net assetsLn 32 | $155K | $150K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | $0 | ||
| Grants to domestic individualsLn 2 | $59K | $59K | ||
| Grants and assistance to foreign recipientsLn 3 | $0 | $0 | ||
| Benefits paid to or for membersLn 4 | $0 | $0 | ||
| Pay of current officers, directors and key staffLn 5 | $4K | $4K | ||
| Advertising and promotionLn 12 | $1K | $1K | ||
| Office expensesLn 13 | $827 | $353 | $474 | |
| Information technologyLn 14 | $315 | $315 | ||
| RoyaltiesLn 15 | $733 | $733 | ||
| InsuranceLn 23 | $913 | $913 | ||
| Other expenses (24a–d)Ln 24 | $512 | $0 | $512 | $0 |
| Total functional expensesLn 25 | $67K | $63K | $3K | $1K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2023 Latest Viewing | $63K | $67K | −$5K | $150K | 990 PDF |
| FY2022 | $54K | $155K | 990 PDF | ||
| FY2021 | $59K | $143K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $62,712 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, 4 to look at
Part VIII · Statement of revenue $62,712 across 11 lines filed
Part IX · Statement of functional expenses $67,301 across 11 lines filed
Part X · Balance sheet $168,318 assets, 23 lines filed
Part XI · Reconciliation of net assets $150,318 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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