Chorzempa Family Foundation
- Assets
- $21.5m
- Revenue
- $678.5k
- Investments
- $20.5m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 06/1997
- Data as of
- 12/2023
- EIN
- 41-1875585
Organization Overview
Chorzempa Family Foundation is located in Minneapolis, MN. The organization was established in 1997. 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. Chorzempa 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 12/2023, Chorzempa Family Foundation generated $678.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.2% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 42.8% per year over the past 7 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, Chorzempa Family Foundation has awarded 174 individual grants totaling $2,052,040. 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 |
|---|---|---|---|
Martin D Chorzempa President | 10 | $4,000 | |
Patricia Heiser Senior Vice President | 2 | $4,000 | |
Martin Chorzempa Vice President/treasurer | 2 | $4,000 | |
Nick Heiser Vice President/secretary | 2 | $4,500 | |
Jonah Heiser Director | 2 | $4,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,715 |
| Interest on Savings | $0 |
| Dividends & Interest | $724,575 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$56,803 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $678,487 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,519 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $797 |
| Printing and publications | $0 |
| Other expenses | $759 |
| Total operating and administrative expenses | $157,817 |
| Contributions, gifts, grants paid | $1,118,000 |
| Total expenses and disbursements | $1,275,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $931,348 |
| 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 | $20,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,454,550 |
| 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, Chorzempa Family Foundation has awarded $1,118,000 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
AGAPE INTERNATIONAL MISSIONS PURPOSE: GENERAL OPERATIONS | $40,000 |
ALPHA KAPPA PSI SCHOLARSHIP FUND PURPOSE: SCHOLARSHIPS IN MEMORY OF MARTIN CHORZEMPA | $40,000 |
ALS ASSOCIATION - MNNDSD PURPOSE: HONORARIUM | $10,000 |
ALZHEIMER'S ASSOCIATION MINNESOTA-NORTH DAKOTA CHAPTER PURPOSE: HELP FUND PARTNERSHIP AND COLLABORATION THROUGHOUT THE SCIENTIFIC COMMUNITY | $10,000 |
ANGEL FOUNDATION PURPOSE: TO SUPPORT ADULTS & FAMILIES FACING CANCER | $10,000 |
BY KIDS PURPOSE: GENERAL OPERATIONS | $5,000 |