Carl And Lee Croskey Foundation Inc
- Assets
- $292.0k
- Revenue
- $59.0k
- Investments
- $265.5k
- Employees
- 0
- Location
- Grosse Pointe Farms, MI
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 30-0002523
Organization Overview
Carl And Lee Croskey Foundation Inc is located in Grosse Pointe Farms, MI. The organization was established in 2002. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Carl And Lee Croskey 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, Carl And Lee Croskey Foundation Inc generated $59.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 42.4% each year . All expenses for the organization totaled $20.9k during the year ending 12/2021. While expenses have increased by 11.2% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Croskey Dir.,pres.,chair,treas. | 1 | $0 | |
Lee Croskey Director,vp And Secretary | 1 | $0 | |
Caroline Cassleman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,495 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,480 |
| Capital Gain Net Income | $53,480 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25 |
| Total Revenue | $59,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,118 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,596 |
| Contributions, gifts, grants paid | $10,300 |
| Total expenses and disbursements | $20,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,483 |
| 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 | $99,988 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $291,991 |
| 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, Carl And Lee Croskey Foundation Inc has awarded $10,300 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ST PAUL CATHOLIC CHURCH PURPOSE: GENERAL CHARITABLE PURPOSES | $4,000 |
CROSSROADS OF MICHIGAN MINISTRIES PURPOSE: GENERAL CHARITABLE PURPOSES | $1,200 |
Pine Ridge, SD PURPOSE: GENERAL EDUUCATIONAL PURPOSES | $1,200 |
Ann Arbor, MI PURPOSE: GENERAL EDUCATIONAL PURPOSES | $1,200 |
LOYOLA HIGH SCHOOL PURPOSE: GENERAL EDUCATIONAL PURPOSES | $1,200 |
CONNER CREEK ACADEMY EAST PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Gordon Christian Trust Grand Rapids, MI | $67,207,482 | $18,378,082 |
Lang Rachel Boyce Charitable Trust Xxx-Xx-Xxxx Youngstown, OH | $0 | $17,968 |
Stanita Foundation Greenwood, IN | $37,315,806 | $4,060,296 |
College Properties Of Lorain County Inc Oberlin, OH | $42,105,647 | $1,116,823 |
Ethel And James Flinn Foundation Detroit, MI | $60,556,693 | $4,592,274 |
Andrew Squire Testamentary Tr Brooklyn, OH | $55,206,125 | $2,759,650 |
Elma M Lapp Foundation Cincinnati, OH | $48,551,204 | $2,777,654 |
James And Angela Hambrick Foundation Beachwood, OH | $47,675,714 | $9,104,486 |