The Foundry

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EIN 81-2252946 Mutual-benefit / member-serving Sheridan, WY NTEE N50
Form 990 (PDF)

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Revenue & expenses by yearFY2023–FY2025
Revenue
$99K
FY2025▼ -7%
Expenses
$107K
FY2025▼ -8%

Form 990 for the fiscal year ending June 2025 (IRS tax year 2024).


Connects business professionals for mutual benefit through events and fellowship. For fiscal year 2025 it reported $99K in revenue, $107K in expenses, and $84K in net assets.Pt I

Type
Mutual-benefit / member-serving · Recreation & Sports
Location
Sheridan, WY
Filings
3 on file (2023–2025)
Revenue
$99KFY2025
Expenses
$107K
Net assets
$84K
People
7
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Size
<$100K
What they do
Connects business professionals for mutual benefit through events and fellowship.
Leadership
Kristi Von Krosigk · Director - Manager · $6K
Money in and out
$99K revenue, $107K expenses
Bottom line
-8% surplus margin
Reported financial activity · FY2025
Total revenue
$99K
Pt VIII · Ln 12
Total expenses
$107K
Pt IX · Ln 25
Net assets
$84K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$8K
Where spending went · Part IX cols B–D
Program services $1.00
Surplus margin
-8%
revenue over expenses, this year▲ +15% vs prior filing year
Program spending
100%
of expenses reach programs0% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$84K
FY2025▼ -8%
Total liabilities
$0
FY2025
Revenue less expensesPt I · Ln 19−$8K
Total assetsPt X · Ln 16$84K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CThe Foundry
EINHdr · item D81-2252946
Principal addressHdr · item CSheridan, WY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWY
Exempt statusHdr · item I501(c)(7) · active
NTEE classificationIRS BMFRecreation & Sports (N50)
Ruling yearIRS BMFOct 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director - Manager
$5,500Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kristi Von Krosigk’s $6K as Director - Manager is at the 41st percentile of top reported officer pay among 98 <$100K recreation & sports 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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2023
Kristi Von Krosigk$5,500$6,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $107K of program spending, described in the organization's own filed words · FY2024.
01

Commingling and fellowship among the members during social gatherings of like-minded business professionals.

$107Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$60K · 61%
Program service revenue$39K · 39%
Contributions & grants61%$60K
Program service revenue39%$39K
Investment income$1
Total revenueLn 12$99K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$107K
Total functional expensesLn 25$107K

Balance Sheet

Part X · end of year
CashLn 1$53K
Total assetsLn 16$84K
Total liabilitiesLn 26$0
Total net assetsLn 32$84K
Months of cash on handcomputed6.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $53K · Operating expenses/yr $107K
6.0 months
Where the money goes
Program services
Program services $107K · Total expenses $107K
100%
Management & General
Management & general $0 · Total expenses $107K
0%
Fundraising
Fundraising $0 · Total expenses $107K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $44K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $60K · Total revenue $99K
61%
Government reliance
Government grants — · Total revenue $99K
—
Earned-income share
Program service revenue $39K · Total revenue $99K
39%
Investment reliance
Investment income $1 · Total revenue $99K
<0.01%
Program self-sufficiency
Program service revenue $39K · Total expenses $107K
36%
Growth & trend
Revenue growth (YoY)
This year $99K · Prior year $107K
-7%
Net-asset trend (YoY)
End of year $84K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $99K · Expenses $107K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $84K
—
Net-asset ratio
Net assets $84K · Total assets $84K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $84K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kristi Von Krosigk · Reported title DIRECTOR - MANAGER · Highest reported compensation $6K · Total expenses $107K
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $6K · Total expenses $107K
5%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Fundraising cost ratio 0%——
Revenue growth -7%——
Accounting fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$99K revenue · viewing · ⤓ 990 PDF
FY2024$107K revenue · ⤓ 990 PDF
FY2023$115K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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