Krabbe Connect FY2023 filing

Public charity (501(c)(3)) Rosemount, MN EIN 82-2964680 NTEE G30
Revenue
$295K
▲ +47%
FY2023 · Pt VIII · Ln 12
Expenses
$192K
▲ +80%
FY2023 · Pt IX · Ln 25
Net assets
$377K
FY2023 · Pt X · Ln 32
To programs
74%
FY2023 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2024
Revenue
$295K
FY2023▲ +47%
Expenses
$192K
FY2023▲ +80%

Connects families with Krabbe disease to comprehensive information and resources.

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Tax-deductible?
Yes
Per the IRS master file. Details →
Can I give now?
No revocation on IRS record
Not on the IRS revocation list. Details →
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
4 funders, incl. Rosenau Family Research Foundation
$182K in the latest grant year. Details →
Spent on programs?
74% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
$100K–1M
↑ +47% vs prior year Details →

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).


Connects families with Krabbe disease to comprehensive information and resources.

Type
Public charity (501(c)(3)) · Diseases & Disorders
Location
Rosemount, MN
Website
www.krabbeconnect.org
Filings
5 on file (2020–2023)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Provided by the organization

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Where the money goes · FY2023
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.26
Program efficiency
74%
of spending reaches programs
Operating runway
23.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+35%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$378K
FY2023▲ +35%
Total liabilities
$1K
FY2023▼ -76%
Revenue less expensesPt I · Ln 19$103K
Total assetsPt X · Ln 16$378K
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · 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
Legal Advisor
$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
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Anne Rugari’s $24K as Vice President/Treasurer is at the 15th percentile of top reported officer pay among 902 $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 $36K of program spending, described in the organization's own filed words · FY2023.
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.

$18Kprogram 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.

$6Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$158K · 54%
Contributions & grants$137K · 46%
Other revenue54%$158K
Contributions & grants46%$137K
Total revenueLn 12$295K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.26
Program services74%$143K
Management & general26%$50K
Total functional expensesLn 25$192K

Balance Sheet

Part X · end of year
CashLn 1$378K
Total assetsLn 16$378K
Total liabilitiesLn 26$1K
Total net assetsLn 32$377K
Months of cash on handcomputed23.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $378K · Operating expenses/yr $192K
23.6 months
Where the money goes
Program services
Program services $143K · Total expenses $192K
74%
Management & General
Management & general $50K · Total expenses $192K
26%
Fundraising
Fundraising $0 · Total expenses $192K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $190K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $137K · Total revenue $295K
46%
Government reliance
Government grants — · Total revenue $295K
—
Earned-income share
Program service revenue $0 · Total revenue $295K
0%
Investment reliance
Investment income $0 · Total revenue $295K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $192K
0%
Growth & trend
Revenue growth (YoY)
This year $295K · Prior year $201K
+47%
Net-asset trend (YoY)
End of year $377K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $295K · Expenses $192K
+35%
Liabilities-to-Assets
Total liabilities — · Total assets $378K
—
Net-asset ratio
Net assets $377K · Total assets $378K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $378K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Megan Renze · Reported title LEGAL ADVISOR · Highest reported compensation $0 · Total expenses $192K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $192K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 74%——
Overhead ratio 26%——
Fundraising cost ratio 0%——
Revenue growth 47%——
Accounting fee ratio 0.6%——

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 · viewing · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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