Kroon Foundation Inc
- Assets
- $4.7m
- Revenue
- $936.7k
- Investments
- $4.3m
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 11/1994
- Data as of
- 12/2021
- EIN
- 22-3299243
Organization Overview
Kroon Foundation Inc is located in Charlottesville, VA. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kroon Foundation Inc 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 12/2021, Kroon Foundation Inc generated $936.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $253.8k during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 6 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.
Since 2016, Kroon Foundation Inc has awarded 241 individual grants totaling $1,456,550. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard E Kroon Pres. & Trea | 0.5 | $0 | |
Mary Jane Sheehan Kroon Secretary | 0 | $0 | |
David Fleming Kroon Trustee | 0 | $0 | |
Sarah Kroon Chiles Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $58 |
| Dividends & Interest | $16,133 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $919,307 |
| Capital Gain Net Income | $919,307 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,169 |
| Total Revenue | $936,667 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,631 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $36,813 |
| Contributions, gifts, grants paid | $217,000 |
| Total expenses and disbursements | $253,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,774 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,664,919 |
| 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, Kroon Foundation Inc has awarded $217,000 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
YALE UNIVERSITY PURPOSE: GENERAL | $30,000 |
RED BANK REGIONAL SOURCE PURPOSE: GENERAL | $22,500 |
SISTERS ACADEMY PURPOSE: GENERAL | $20,000 |
Red Bank, NJ PURPOSE: GENERAL | $20,000 |
SHORE CLUBHOUSE PURPOSE: GENERAL | $20,000 |
New York, NY PURPOSE: GENERAL | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Unidosus Washington, DC | $149,728,935 | $69,502,602 |
Mortgage Bankers Association Of America Washington, DC | $151,811,395 | $48,193,239 |
New America Foundation Washington, DC | $57,037,802 | $40,604,855 |
The One Campaign Washington, DC | $67,622,430 | $19,634,455 |
National Association Of County And City Health Officials Washington, DC | $14,670,823 | $33,691,939 |
The Albert B Sabin Vaccine Institute Inc Washington, DC | $18,738,050 | $26,913,156 |
St Coletta Of Greater Washington Inc Washington, DC | $37,883,272 | $21,114,468 |
Fisher House Foundation Inc Rockville, MD | $70,108,334 | $49,075,688 |
The Executive Leadership Council Inc Washington, DC | $54,122,664 | $27,390,915 |
Stoddard Baptist Home Washington, DC | $9,543,224 | $16,392,235 |
Voter Registration Project Washington, DC | $11,195,050 | $17,087,982 |
Yum Brands Foundation Inc Louisville, KY | $62,047,633 | $1,353,894 |