Cronk Family Foundation
- Assets
- $446.4k
- Revenue
- $20.7k
- Investments
- $425.8k
- Employees
- 0
- Location
- Oak Brook, IL
- Founding
- 08/2002
- Data as of
- 12/2023
- EIN
- 75-3025533
Organization Overview
Cronk Family Foundation is located in Oak Brook, IL. The organization was established in 2002. 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. Cronk Family 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 12/2023, Cronk Family Foundation generated $20.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.1%) each year. All expenses for the organization totaled $165.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cronk Family Foundation has awarded 48 individual grants totaling $817,153. 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 |
|---|---|---|---|
Gerald M Cronk President | 1 | $0 | |
Melissa Potempa Secretary | 0.1 | $0 | |
Phil Richard Treasurer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,950 |
| Interest on Savings | $1,230 |
| Dividends & Interest | $12,930 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,598 |
| Capital Gain Net Income | $3,598 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,708 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $191 |
| Total operating and administrative expenses | $3,166 |
| Contributions, gifts, grants paid | $162,137 |
| Total expenses and disbursements | $165,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,596 |
| 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 | $356,130 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $446,426 |
| Accounts payable and accrued expenses | $1,164 |
| 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 | $1,164 |
Grants Awarded
Over the last fiscal year, Cronk Family Foundation has awarded $162,137 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTENDOM COLLEGE PURPOSE: UNRESTRICTED | $45,000 |
FR JANKOWSKI PURPOSE: UNRESTRICTED | $60,000 |
MISSION OF OUR LADY OF THE ANGELS PURPOSE: UNRESTRICTED | $40,000 |
PACIFIC GARDEN MISSION PURPOSE: UNRESTRICTED | $2,400 |
CHICAGO PUBLIC MEDIA PURPOSE: UNRESTRICTED | $280 |
LIBERTY YOUTH RANCH PURPOSE: UNRESTRICTED | $1,950 |