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Waldemar J Klasing Private Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$395k (2024)

Expenses
$87.8k (2024)

Total Assets
$4.65M (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$394,797
Expenses
$87,791
Net Income
$307,006
Net Assets
$4,645,877
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $67,471
17.1%
Sales of Assets $327,326
82.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $24,675
28.1%
Compensation of Officers* $32,900
37.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,645,877
Total Liabilities $0
Net Assets $4,645,877
Compensation
Key Employees and Officers Compensation Other
Kathryn Wolff (President) $14,000 $0
Matthew A Goben (Vice President) $7,200 $0
Ryan Clark (Secretary) $7,200 $0
Scott Wolff (Director) $4,500 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$419,728
Expenses
$244,906
Net Income
$174,822
Net Assets
$4,048,026
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $65,052
15.5%
Sales of Assets $354,676
84.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $184,675
75.4%
Compensation of Officers* $32,900
13.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,048,026
Total Liabilities $0
Net Assets $4,048,026
Compensation
Key Employees and Officers Compensation Other
Kathryn Wolff (President) $14,000 $0
Matthew A Goben (Vice President) $7,200 $0
Ryan Clark (Secretary) $7,200 $0
Scott Wolff (Director) $4,500 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$250,713
Expenses
$250,536
Net Income
$177
Net Assets
$3,619,113
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $81,832
32.6%
Sales of Assets $168,881
67.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $194,675
77.7%
Compensation of Officers* $32,900
13.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,619,113
Total Liabilities $0
Net Assets $3,619,113
Compensation
Key Employees and Officers Compensation Other
Kathryn Wolff (President) $14,500 $0
Matthew A Goben (Vice President) $7,200 $0
Ryan Clark (Secretary) $7,200 $0
Scott Wolff (Director) $4,000 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$374,019
Expenses
$263,361
Net Income
$110,658
Net Assets
$4,452,089
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $72,706
19.4%
Sales of Assets $301,313
80.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $204,300
77.6%
Compensation of Officers* $32,400
12.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,452,089
Total Liabilities $0
Net Assets $4,452,089
Compensation
Key Employees and Officers Compensation Other
Kathryn Wolff (President) $14,000 $0
Matthew A Goben (Vice President) $7,200 $0
Ryan Clark (Secretary) $7,200 $0
Scott Wolff (Director) $4,000 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$101,559
Expenses
$177,993
Net Income
-$76,434
Net Assets
$3,941,202
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $72,210
71.1%
Sales of Assets $29,349
28.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $133,482
75.0%
Compensation of Officers* $36,400
20.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,941,203
Total Liabilities $1
Net Assets $3,941,202
Compensation
Key Employees and Officers Compensation Other
Kathryn Wolff (President) $14,000 $0
Scott Wolff (Director) $8,000 $0
Matthew A Goben (Vice President) $7,200 $0
Ryan Clark (Secretary) $7,200 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$78,517
Expenses
$243,966
Net Income
-$165,449
Net Assets
$3,815,377
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $82,519
> 100%
Sales of Assets $0
Other Income $2,167
2.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $205,794
84.4%
Compensation of Officers* $28,400
11.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,815,377
Total Liabilities $0
Net Assets $3,815,377

Document Links

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$168,676
Expenses
$212,601
Net Income
-$43,925
Net Assets
$3,610,798
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $99,432
58.9%
Sales of Assets $59,628
35.4%
Other Income $9,616
5.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $158,655
74.6%
Compensation of Officers* $7,500
3.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,610,798
Total Liabilities $0
Net Assets $3,610,798
Compensation
Key Employees and Officers Compensation Other
Kathryn Wolff (President) $2,500 $0
Matthew A Goben (Treasurer) $2,500 $0
Ryan Clark (Secretary) $2,500 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,829,235
Expenses
$103,048
Net Income
$3,726,187
Net Assets
$4,004,531
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,587,375
93.7%
Interest Revenue $0
Dividends $90,347
2.4%
Sales of Assets $142,090
3.7%
Other Income $9,423
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $67,472
65.5%
Compensation of Officers* $16,050
15.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,004,531
Total Liabilities $0
Net Assets $4,004,531
Compensation
Key Employees and Officers Compensation Other
Kathryn Wolff (President) $11,050 $0
Matthew A Goben (Treasurer) $2,500 $0
Ryan Clark (Secretary) $2,500 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$17,652
Expenses
$23,428
Net Income
-$5,776
Net Assets
$250,509
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $7,263
41.1%
Sales of Assets $10,389
58.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $20,321
86.7%
Compensation of Officers* $5,500
23.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $250,509
Total Liabilities $0
Net Assets $250,509
Compensation
Key Employees and Officers Compensation Other
Kathryn Wolff (President) $2,500 $0
Matthew A Goben (Treasurer) $2,500 $0
Ryan Clark (Secretary) $500 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,678
Expenses
$21,128
Net Income
-$9,450
Net Assets
$246,086
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $8,092
69.3%
Sales of Assets $3,586
30.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $17,719
83.9%
Compensation of Officers* $6,000
28.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $246,086
Total Liabilities $0
Net Assets $246,086

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$10,799
Expenses
$21,987
Net Income
-$11,188
Net Assets
$243,584
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $8,190
75.8%
Dividends $0
Sales of Assets $2,609
24.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $19,018
86.5%
Compensation of Officers* $6,000
27.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $243,584
Total Liabilities $0
Net Assets $243,584

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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