GEORGE & MARY KREMER FOUNDATION 2399-00-13

EIN: 526359345 501(c)(3)

NAPLE, FL

Total Revenue
$1,353,886
Total Expenses
$5,521,799
Total Assets
$111,688,054
Net Assets
$111,688,054
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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
1987
Legal Domicile
FL
Principal Officer
THE GLENMEDE TRUST CO N A
Phone
2392612367
Tax Period
2023-01-01 to 2023-12-31

GEORGE & MARY KREMER FOUNDATION 2399-00-13, founded in 1987, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $5.5M exceeded revenue, resulting in a 308% operating deficit.

Mission

PROVIDE FINANCIAL GRANTS TO ELEMENTARY SCHOOLS OPERATED BY THE ROMAN CATHOLIC CHURCH IN THE UNITED STATES TO PROVIDE TUITION ASSISTANCE FOR NEEDY CHILDREN ATTENDING THOSE SCHOOLS.

Program Service Accomplishments

Program 1
Expenses: $5,311,734

F GRANTS PAID TO CATHOLIC ELEMENTARY SCHOOLS TO BE USED FOR TUITION ASSISTANCE TO STUDENTS.

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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 $-4,772,653
Other Revenue $6,126,539
TOTAL REVENUE $1,353,886

Expense Breakdown

Grants Paid $4,557,115
Salaries & Benefits $441,592
Fundraising Expenses $0
Program Expenses $5,311,734
Other Expenses $523,092
TOTAL EXPENSES $5,521,799

Year-over-Year Comparison

2023 2022 Change
Revenue $1,353,886 $7,315,281 -0.8%
Expenses $5,521,799 $5,791,428 0.0%
Net Income $-4,167,913 $1,523,853 -3.7%
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

Financial Distress Indicator

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
6
Independent Members
N/A
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
1
$266,300
Total Directors
5
$266,300
Key Employees
1
$266,300
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY ANDERSON GODDARD EXECUTIVEDIRECTOR/SECRETARY 40.0
Officer Director Key Emp Highest
$266,300 $0 $266,300
JOHN R GEORGE BOARDCHAIR N/A
Director
$0 $0 $0
MONSIGNOR BRENDON MULDOON ADVISORY BOARD MEMBER N/A
Director
$0 $0 $0
FR BRYAN GARCIA ADVISORYBOARDMEMBER N/A
Director
$0 $0 $0
KAREN RISTAU ADVISORYBOARDMEMBER N/A
Director
$0 $0 $0
THE GLENMEDE TRUST CO N A TRUSTEE N/A
$236,826 $0 $236,826
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
2024 No data No data No data No data
2023 $1,353,886 $5,521,799 $111,688,054 $-4,167,913
2022 $7,315,281 $5,791,428 $115,855,967 $1,523,853
2021 $7,112,589 $5,566,776 $114,332,114 $1,545,813
2020 $5,236,531 $5,364,313 $112,786,301 $-127,782
2019 $6,095,967 $5,347,550 $112,914,083 $748,417
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