Albert & Bessie Mae Kronkosky Char Fndtn 3005500-3136454
- Assets
- $369.4m
- Revenue
- $18.0m
- Investments
- $359.8m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/1991
- Data as of
- 12/2023
- EIN
- 74-6385152
Organization Overview
Albert & Bessie Mae Kronkosky Char Fndtn 3005500-3136454 is located in Dallas, TX. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Albert & Bessie Mae Kronkosky Char Fndtn 3005500-3136454 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 12/2023, Albert & Bessie Mae Kronkosky Char Fndtn 3005500-3136454 generated $18.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $23.2m during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America Trustee | 1 | $1,388,153 | |
John T Wells Director | 40 | $326,538 | |
Laura Vaccaro Director | 40 | $276,250 | |
Lisa Miller 0 | 40 | $125,000 | |
Cara Mcgrane 0 | 40 | $119,474 | |
Rachell Hathaway 0 | 40 | $107,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maion Business Solutions Llc | 12/30/23 | $442,958 |
Chamberlain Hrdlicka White Williams & Aughtry | 12/30/23 | $128,399 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,408,198 |
| Net Rental Income | $376,174 |
| Net Gain on Sale of Assets | $6,760,107 |
| Capital Gain Net Income | $6,760,107 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,355,825 |
| Total Revenue | $17,976,771 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,990,941 |
| Other employee salaries and wages | $1,036,536 |
| Pension plans, employee benefits | $450,085 |
| Interest | $0 |
| Taxes | $337,187 |
| Depreciation | $1,282 |
| Occupancy | $253,861 |
| Travel, conferences, and meetings | $40,166 |
| Printing and publications | $29,105 |
| Other expenses | $2,204,831 |
| Total operating and administrative expenses | $7,176,522 |
| Contributions, gifts, grants paid | $16,027,443 |
| Total expenses and disbursements | $23,203,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $538,163 |
| Savings and temporary cash investments | $8,712,395 |
| 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 | $253,402 |
| Other assets | $33,201 |
| Total assets | $369,373,673 |
| Accounts payable and accrued expenses | $4,478 |
| 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 | $4,478 |