Jerome And Marlyce Koskovich Foundation
- Assets
- $1.5m
- Revenue
- $222.9k
- Investments
- $1.1m
- Employees
- 0
- Location
- Rochester, MN
- Founding
- 10/2005
- Data as of
- 06/2023
- EIN
- 20-2051209
Organization Overview
Jerome And Marlyce Koskovich Foundation is located in Rochester, MN. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jerome And Marlyce Koskovich Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Jerome And Marlyce Koskovich Foundation generated $222.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $286.8k during the year ending 06/2023. While expenses have increased by 1.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jerome And Marlyce Koskovich Foundation has awarded 85 individual grants totaling $2,554,198. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Mckeon Director | 2 | $0 | |
Trudy Barsness Director | 2 | $0 | |
Clancy Craven Director | 2 | $0 | |
Roger Barsness Secretary | 2 | $0 | |
Anne Wiekamp Leth Treasurer | 2 | $0 | |
Jerome Koskovich President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $7,829 |
| Dividends & Interest | $13,954 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,161 |
| Capital Gain Net Income | $1,161 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $222,944 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $196 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $525 |
| Total operating and administrative expenses | $4,834 |
| Contributions, gifts, grants paid | $282,000 |
| Total expenses and disbursements | $286,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,378 |
| Savings and temporary cash investments | $147,475 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $500,491 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,739 |
| Total assets | $1,505,085 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Jerome And Marlyce Koskovich Foundation has awarded $282,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
FOOD FOR HIS CHILDREN PURPOSE: MISSION WORK | $5,000 |
CENTRAL BAPTIST THEOLOGICAL SEMINARY PURPOSE: GENERAL SUPPORT | $100,000 |
IRONWOOD SPRINGS CHRISTIAN RANCH PURPOSE: CAMP SUPPORT | $10,000 |
RED LODGE ALLIANCE PURPOSE: GENERAL SUPPORT | $13,000 |
SHEPARDS CANYON RETREAT PURPOSE: GENERAL SUPPORT | $25,000 |
YELLOWSTONE CHRISTIAN COLLEGE PURPOSE: GENERAL SUPPORT | $50,000 |