Crent Foundation
- Assets
- $1.4m
- Revenue
- $358.5k
- Investments
- $1.4m
- Employees
- 0
- Location
- North Oaks, MN
- Founding
- 02/2020
- Data as of
- 12/2022
- EIN
- 84-3766538
Organization Overview
Crent Foundation is located in North Oaks, MN. The organization was established in 2020. 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. Crent 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, Crent Foundation generated $358.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.6%) each year. All expenses for the organization totaled $50.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Crent Foundation has awarded 18 individual grants totaling $147,709. 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 |
|---|---|---|---|
Rick Shand Board Chairman | 1 | $0 | |
Connie Shand Board Member | 1 | $0 | |
Emily Shand Board Member | 1 | $0 | |
Natalie Labelle Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $304,440 |
| Interest on Savings | $15 |
| Dividends & Interest | $18,298 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,771 |
| Capital Gain Net Income | $35,771 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $358,524 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $223 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $175 |
| Total operating and administrative expenses | $1,148 |
| Contributions, gifts, grants paid | $49,021 |
| Total expenses and disbursements | $50,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,585 |
| 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 | $1,389,975 |
| 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, Crent Foundation has awarded $49,021 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FARMASTE ANIMAL SANCTUARY PURPOSE: OPERATIONS | $15,000 |
ONE WORLD SURGERY PURPOSE: OPERATIONS | $7,500 |
CATHOLIC SERVICES APPEAL FOUNDATION PURPOSE: OPERATIONS | $3,000 |
OUR LADY OF GRACE CATHOLIC SCHOOL PURPOSE: OPERATIONS | $300 |
THE RECOVERY CHURCH PURPOSE: PURCHASE OF A BREAD OVEN | $10,221 |
NCBM BAPTISTS ON MISSION PURPOSE: UKRAINE RELIEF | $1,000 |