Krasberg-Mason Foundation
- Assets
- $1.6m
- Revenue
- $241.8k
- Investments
- $1.5m
- Employees
- 0
- Location
- Winnetka, IL
- Founding
- 04/1992
- Data as of
- 12/2022
- EIN
- 36-3807993
Organization Overview
Krasberg-Mason Foundation is located in Winnetka, IL. The organization was established in 1992. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Krasberg-Mason 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 12/2022, Krasberg-Mason Foundation generated $241.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $170.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Krasberg-Mason Foundation has awarded 61 individual grants totaling $360,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO OTHER ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shay Mason Secretary | 1 | $0 | |
Bruce Mason President | 1 | $0 | |
Sarah Mason Wolchuk Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $191,709 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,564 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $500 |
| Total Revenue | $241,773 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,702 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34 |
| Total operating and administrative expenses | $7,386 |
| Contributions, gifts, grants paid | $163,000 |
| Total expenses and disbursements | $170,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,453 |
| Savings and temporary cash investments | $92,937 |
| 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 | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,591,690 |
| 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, Krasberg-Mason Foundation has awarded $163,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
THE CRADLE PURPOSE: GENERAL SUPPORT | $3,000 |
ALEXANDER HAMILTON INST PURPOSE: GENERAL SUPPORT | $5,000 |
CATCH THE FIRE PURPOSE: SUPPORT FOR EMBRACE DURHAM | $20,000 |
JESUS FILM PROJECT PURPOSE: GENERAL SUPPORT | $10,000 |
ANGLICAN DIOCESE OF THE LIVING WORD PURPOSE: GENERAL SUPPORT | $10,000 |
GLEN ELLYN CHILDRENS CHORUS PURPOSE: GENERAL SUPPORT | $5,000 |