THE JIM AND MARGARET KRUM FOUNDATION INC

EIN: 271777206 501(c)(3) Philanthropy & Grantmaking

HILTON HEAD ISLAND, SC

Total Revenue
$125,103
Total Expenses
$260,563
Total Assets
$11,944,370
Net Assets
$11,780,825
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
SC
Phone
8436819100
Tax Period
2023-07-01 to 2024-06-30

THE JIM AND MARGARET KRUM FOUNDATION INC, founded in 2009, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $125K in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $261K exceeded revenue, resulting in a 108% operating deficit.

Mission

The Krum Foundation operates exclusively for the benefit of, to perform the functions of, or to carry out the purposes of the Community Foundation of the Lowcountry, Inc. ("Foundation"), a publicly supported organization described in sections 501(c)(3) and 509(a)(1) of the Code. A traditional community foundation founded in 1994, Community Foundation of the Lowcountry, Inc. serves the residents of South Carolina counties: Beaufort, Colleton, Hampton, and Jasper. The Krum Foundation will further its exempt purposes by making grants directly to the Community Foundation and to organizations which are, or could be supported by the Community Foundation consistent with its own charitable purposes. Community Foundation grants are awarded to organizations that work in a variety of charitable areas, including arts & culture, education and youth development, and health and human services. Both the Krum Foundation and the Community Foundation expect to make scholarship grants to individuals.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $124,747
Other Revenue $356
TOTAL REVENUE $125,103

Expense Breakdown

Grants Paid $132,400
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $234,022
Other Expenses $128,163
TOTAL EXPENSES $260,563

Year-over-Year Comparison

2023 2022 Change
Revenue $125,103 $84,195 +0.5%
Expenses $260,563 $498,940 -0.5%
Net Income $-135,460 $-414,745 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$118,508
Total Directors
5
$118,508
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EMMY ROONEY SECRETARY/TREASURER 1.0
Officer Director
$0 $5,858 $118,508
MARTIN COHN CHAIRMAN 1.0
Officer Director
$0 $0 $0
WADE WEBSTER VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
HANK NOBLE DIRECTOR 1.0
Director
$0 $0 $0
Trish heichel board member 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $125,103 $260,563 $11,944,370 $-135,460
2023 $84,195 $498,940 $11,252,230 $-414,745
2022 $417,843 $510,948 $10,817,776 $-93,105
2021 $3,164,010 $493,066 $13,107,753 $2,670,944
2020 $202,350 $479,136 $10,298,069 $-276,786
2019 $446,349 $489,400 $10,521,345 $-43,051
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