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

Krabbe Connect FY2022 filing

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Connects families with Krabbe disease to comprehensive information and resources. For fiscal year 2022 it reported $201K in revenue, $107K in expenses, and $274K in net assets.Pt I

Type
Public charity (501(c)(3)) · Diseases & Disorders
Location
Rosemount, MN
Website
www.krabbeconnect.org
Filings
5 on file (2020–2022)
Revenue
$201KFY2022
Expenses
$107K
Net assets
$274K
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-2964680 Public charity (501(c)(3)) Rosemount, MN
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Connects families with Krabbe disease to comprehensive information and resources.
Leadership
Anne Rugari · Vice President/Treasurer · $24K
Money in and out
$201K revenue, $107K expenses
Bottom line
40% program efficiency
Where the money goes · FY2022
Total revenue
$201K
Pt VIII · Ln 12
Total expenses
$107K
Pt IX · Ln 25
Net assets
$274K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $95K
Where spending went · Part IX cols B–D
Program services $0.40 Management & general $0.60
Program efficiency
40%
of spending reaches programs
Operating runway
31.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+47%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$201K
FY2022▲ +35%
Expenses
$107K
FY2022▲ +51%
Total assets
$280K
FY2022▲ +54%
Total liabilities
$6K
FY2022▲ +122%
Total revenue
$201K
Pt VIII · Ln 12
Total expenses
$107K
Pt IX · Ln 25
Net assets
$274K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$95K
Total assetsPt X · Ln 16$280K
Program-expense ratioPt IX · col B40%
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
Vice President/Treasurer
$24,350Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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 $41K of program spending, described in the organization's own filed words · FY2022.
01

Patient Engagement

Providing information and resources for krabbe disease through krabbeconnect website, facebook, and social medial channels. Engagement with families affected by the disease by offering support and connections for managing care of the patients.

$17Kprogram expense
02

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…

$12Kprogram expense
03

Patient Advocacy and Advancement

Board members routinely attend conferences and meetings that involve the rare 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.

$12Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants127%$255K
Total revenueLn 12$201K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.40 Management & general $0.60
Program services40%$42K
Management & general60%$64K
Total functional expensesLn 25$107K

Balance Sheet

Part X · end of year
CashLn 1$276K
Total assetsLn 16$280K
Total liabilitiesLn 26$6K
Total net assetsLn 32$274K
Months of cash on handcomputed31.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $276K · Operating expenses/yr $107K
31.1 months
Where the money goes
Program services
Program services $42K · Total expenses $107K
40%
Management & General
Management & general $64K · Total expenses $107K
60%
Fundraising
Fundraising $0 · Total expenses $107K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $182K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $255K · Total revenue $201K
127%
Government reliance
Government grants — · Total revenue $201K
Earned-income share
Program service revenue $0 · Total revenue $201K
0%
Investment reliance
Investment income $0 · Total revenue $201K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $107K
0%
Growth & trend
Revenue growth (YoY)
This year $201K · Prior year $149K
+35%
Net-asset trend (YoY)
End of year $274K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $201K · Expenses $107K
+47%
Liabilities-to-Assets
Total liabilities — · Total assets $280K
Net-asset ratio
Net assets $274K · Total assets $280K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $280K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Anne Rugari · Reported title VICE PRESIDENT/TREASURER · Highest reported compensation $24K · Total expenses $107K
23%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $107K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 40%
Overhead ratio 60%
Fundraising cost ratio 0%
Revenue growth 35%
Accounting fee ratio 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 · ⤓ 990 PDF
FY2023$295K revenue · ⤓ 990 PDF
FY2022$201K revenue · viewing · ⤓ 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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