Krabbe Connect EIN 82-2964680 Form 990 (PDF) Claim this org

Krabbe Connect

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Connects families with Krabbe disease to comprehensive information and resources. For fiscal year 2024 it reported $314K in revenue, $189K in expenses, and $502K in net assets.Pt I

Type
Public charity (501(c)(3)) · Diseases & Disorders
Location
Rosemount, MN
Website
www.krabbeconnect.org
Filings
5 on file (2020–2024)
Revenue
$314KFY2024
Expenses
$189K
Net assets
$502K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-2964680 Public charity (501(c)(3)) Rosemount, MN
Form 990 (PDF)
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Size
$100K–1M
What they do
Connects families with Krabbe disease to comprehensive information and resources.
Leadership
Stacy Pike-Langenfeld · President
Money in and out
$314K revenue, $189K expenses
Bottom line
83% program efficiency
Where the money goes · FY2024
Total revenue
$314K
Pt VIII · Ln 12
Total expenses
$189K
Pt IX · Ln 25
Net assets
$502K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $125K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.17
Program efficiency
83%
of spending reaches programs▲ +12% vs prior filing year
Operating runway
32.2mo
months of highly liquid reserves at operating expense rate▲ +36% vs prior filing year
Surplus margin
+40%
revenue over expenses, this year▲ +14% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$314K
FY2024▲ +6%
Expenses
$189K
FY2024▼ -2%
Total assets
$507K
FY2024▲ +34%
Total liabilities
$6K
FY2024▲ +300%
Total revenue
$314K
Pt VIII · Ln 12
Total expenses
$189K
Pt IX · Ln 25
Net assets
$502K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$125K
Total assetsPt X · Ln 16$507K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKrabbe Connect
EINHdr · item D82-2964680
Principal addressHdr · item CRosemount, MN
WebsiteHdr · item Jwww.krabbeconnect.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G30)
Ruling yearIRS BMFFeb 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Legal Adviso
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Anne Rugari’s $24K as Vice President/Treasurer is at the 15th percentile of top reported officer pay among 901 $100K–1M diseases & disorders 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

NameFY2022FY2021FY2020
Anne Rugari$24,350$16,400$15,200

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

3 program services account for $133K of program spending, described in the organization's own filed words · FY2024.
01

Research and Development

Krabbeconnect produced a poster to discuss the patient burden of krabbe disease. Research conducted to collect data from patients to capture the unmet needs in the krabbe community. The research will serve as a tool to clinicians, scientists, researchers, and industry to help with the advancement of new novel treatments in the krabbe…

$114Kprogram expense
02

Patient Engagement

Providing information and resources for krabbe desease through krabbeconnect website, facebook, and socal media channels. Engagement with families affected by the diesase by offering support and connections for managing care of the patients.

$17Kprogram expense
03

Patient Advocacy and Advancement

Board members routinely attend conferences and meetings that involve the rate disease community to support the needs of the krabbe patients and their families. Krabbeconnect also participates in networking opportunities with other advocacy foundations joining together to have a voice for the patients.

$1Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$169K · 54%
Contributions & grants$145K · 46%
Other revenue54%$169K
Contributions & grants46%$145K
Total revenueLn 12$314K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17
Program services83%$157K
Management & general17%$32K
Total functional expensesLn 25$189K

Balance Sheet

Part X · end of year
CashLn 1$507K
Total assetsLn 16$507K
Total liabilitiesLn 26$6K
Total net assetsLn 32$502K
Months of cash on handcomputed32.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $507K · Operating expenses/yr $189K
32.2 months
Where the money goes
Program services
Program services $157K · Total expenses $189K
83%
Management & General
Management & general $32K · Total expenses $189K
17%
Fundraising
Fundraising $0 · Total expenses $189K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $179K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $145K · Total revenue $314K
46%
Government reliance
Government grants — · Total revenue $314K
Earned-income share
Program service revenue $0 · Total revenue $314K
0%
Investment reliance
Investment income $0 · Total revenue $314K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $189K
0%
Growth & trend
Revenue growth (YoY)
This year $314K · Prior year $295K
+6%
Revenue CAGR
FY2020 $101K · FY2024 $314K
+33%
Net-asset trend (YoY)
End of year $502K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $314K · Expenses $189K
+40%
Liabilities-to-Assets
Total liabilities — · Total assets $507K
Net-asset ratio
Net assets $502K · Total assets $507K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $507K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Stacy Pike-Langenfeld · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $189K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $189K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 17%
Fundraising cost ratio 0%
Revenue growth 6%
Accounting fee ratio 0.1%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

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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
FY2024 (Latest)$314K revenue · viewing · ⤓ 990 PDF
FY2023$295K revenue · ⤓ 990 PDF
FY2022$201K revenue · ⤓ 990 PDF
FY2021$149K revenue · ⤓ 990 PDF
FY2020$101K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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