Theodore J Krasnow Family Foundation
- Assets
- $31.8k
- Revenue
- $3.1k
- Investments
- $28.4k
- Employees
- 0
- Location
- Lombard, IL
- Founding
- 06/1983
- Data as of
- 11/2023
- EIN
- 36-3209669
Organization Overview
Theodore J Krasnow Family Foundation is located in Lombard, IL. The organization was established in 1983. 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. Theodore J Krasnow 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 11/2023, Theodore J Krasnow Family Foundation generated $3.1k 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 (6.8%) each year. All expenses for the organization totaled $27.5k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Theodore J Krasnow Family Foundation has awarded 67 individual grants totaling $206,700. 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 |
|---|---|---|---|
Frances H Krasnow President | 0 | $0 | |
Iris B Krasnow Treasurer | 0 | $0 | |
Gregory H Krasnow Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,014 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,087 |
| Capital Gain Net Income | $2,087 |
| Net ST Capital Gain | $29 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,101 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $520 |
| Contributions, gifts, grants paid | $27,000 |
| Total expenses and disbursements | $27,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,450 |
| 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 | $28,379 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $31,829 |
| 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, Theodore J Krasnow Family Foundation has awarded $27,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWESTERN SCHOOL OF LAW PURPOSE: GENL SUPPORT OF LAW SCHOOL | $5,000 |
RAVINIA FESTIVAL ASSN PURPOSE: CULTURAL DEVELOPMENT | $4,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: OUTREACH AND SUPPORT | $10,000 |
THE KEY SCHOOL PURPOSE: EDUCATION | $1,000 |
THE JEWISH MUSEUM OF MARYLAND PURPOSE: MUSEUM | $2,500 |
JOHN'S HOPKINS CENTER FOR GUN VIOLE PURPOSE: EDUCATION ON GUN VIOLENCE | $3,000 |