Karen R & John T Crotty Foundation
- Assets
- $708.0k
- Revenue
- $73.9k
- Investments
- $277.3k
- Employees
- 0
- Location
- Lake Bluff, IL
- Founding
- 07/1998
- Data as of
- 12/2023
- EIN
- 36-4196968
Organization Overview
Karen R & John T Crotty Foundation is located in Lake Bluff, IL. The organization was established in 1998. According to its NTEE Classification (I70) the organization is classified as: Protection Against Abuse, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karen R & John T Crotty 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 12/2023, Karen R & John T Crotty Foundation generated $73.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (13.9%) each year. All expenses for the organization totaled $69.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Karen R & John T Crotty Foundation has awarded 257 individual grants totaling $1,085,242. 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 |
|---|---|---|---|
Karen R Crotty Trustee | 10 | $0 | |
John T Crotty Trustee | 10 | $0 | |
Valerie L Crotty Trustee | 10 | $0 | |
Pamela Crotty Preschlack Trustee | 10 | $0 | |
Jennifer Crotty Murawski Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,196 |
| Interest on Savings | $24 |
| Dividends & Interest | $15,081 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,567 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $73,868 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $381 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2 |
| Total operating and administrative expenses | $5,328 |
| Contributions, gifts, grants paid | $64,540 |
| Total expenses and disbursements | $69,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $430,726 |
| 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 | $708,028 |
| 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, Karen R & John T Crotty Foundation has awarded $64,540 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
COOL FOOD PANTRIES OF LAKE COUNTY PURPOSE: CHARITABLE | $1,000 |
LAKE BLUFF OPEN LANDS ASSOC PURPOSE: CHARITABLE | $6,000 |
WFMT PURPOSE: CHARITABLE | $9,200 |
CENTER FOR COAST STUDIES PURPOSE: CHARITABLE | $1,000 |
MATTHIAS ACADEMY PURPOSE: CHARITABLE | $11,840 |
OCEAN CONSERVANCY PURPOSE: CHARITABLE | $4,000 |