Mark & Lori Kroll Family Foundation
- Assets
- $438.0k
- Revenue
- $7.8k
- Investments
- $160.5k
- Employees
- 0
- Location
- Crystal Bay, MN
- Founding
- 12/2004
- Data as of
- 12/2022
- EIN
- 87-0731913
Organization Overview
Mark & Lori Kroll Family Foundation is located in Crystal Bay, MN. The organization was established in 2004. 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. Mark & Lori Kroll 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 12/2022, Mark & Lori Kroll Family Foundation generated $7.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.7%) each year. All expenses for the organization totaled $20.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mark & Lori Kroll Family Foundation has awarded 48 individual grants totaling $113,200. 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
MAKING DISTRIBUTIONS FOR CHARITABLE PURPOSES TO QUALIFIED CHARITABLE ORGANIZATIONS SELECTED BY FOUNDATION OFFICERS AND DIRECTORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori C Kroll Director And Chairman | 1.5 | $0 | |
Mark W Kroll Director/vice President | 2 | $0 | |
Braden W Kroll President | 4 | $0 | |
Mollie B Ritter Director/vice President | 0.75 | $0 | |
Ryan M Kroll Secretary | 0.5 | $0 | |
Chase R Kroll Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15 |
| Dividends & Interest | $7,821 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$60 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,776 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $92 |
| Total operating and administrative expenses | $119 |
| Contributions, gifts, grants paid | $20,700 |
| Total expenses and disbursements | $20,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,516 |
| Savings and temporary cash investments | $0 |
| 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 | $160,467 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $437,983 |
| 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, Mark & Lori Kroll Family Foundation has awarded $20,700 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SENITIZIO PURPOSE: HEALTH CARE TO THOSE WITH NO ACCESS IN THE CENTRAL AFRICAN REPUBLIC (CAR) | $4,000 |
PROJECT POSSIBLE PURPOSE: THERAPIES FOR CHILDREN WITH DISABILITIES | $1,550 |
JDRF PURPOSE: JUVENILE DIABETES PROGRAMS | $3,550 |
CALVARY WOMEN'S SERVICES PURPOSE: HEALTH, EDUCATION, EMPLOYMENT TO HOMELESS WOMEN | $1,200 |
SAMARITAN'S PURSE PURPOSE: AID TO PEOPLE IN PHYSICAL NEED & DISASTER RELIEF | $5,200 |
HOME AT LAST PURPOSE: SUPPORT HOMELESS THROUGH JOB READINESS, TEMPORARY HOUSING, EDUCATION & ADVOCACY | $3,000 |