Albert & Bessie Mae Kronkosky Char Fndtn 3005500-3136454
- Assets
- $400.3m
- Revenue
- $114.6m
- Investments
- $391.0m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/1991
- Data as of
- 12/2021
- EIN
- 74-6385152
Organization Overview
Albert & Bessie Mae Kronkosky Char Fndtn 3005500-3136454 is located in Dallas, TX. The organization was established in 1991. 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. Albert & Bessie Mae Kronkosky Char Fndtn 3005500-3136454 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, Albert & Bessie Mae Kronkosky Char Fndtn 3005500-3136454 generated $114.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 60.7% each year . All expenses for the organization totaled $21.7m during the year ending 12/2021. While expenses have increased by 2.5% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America Trustee | 1 | $1,630,472 | |
John T Wells Director | 40 | $200,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dykema Cox Smith | 12/30/21 | $78,460 |
Texas 2036 | 12/30/21 | $250,000 |
Santa Clara Land Co Ltd | 12/30/21 | $232,388 |
Signify Health | 12/30/21 | $154,300 |
Wittman Llc | 12/30/21 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,940,319 |
| Net Rental Income | $115,196 |
| Net Gain on Sale of Assets | $103,455,436 |
| Capital Gain Net Income | $103,455,436 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,811 |
| Total Revenue | $114,640,357 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,830,472 |
| Other employee salaries and wages | $858,817 |
| Pension plans, employee benefits | $367,233 |
| Interest | $0 |
| Taxes | $2,178,718 |
| Depreciation | $33,872 |
| Occupancy | $247,222 |
| Travel, conferences, and meetings | $33,322 |
| Printing and publications | $17,801 |
| Other expenses | $1,525,821 |
| Total operating and administrative expenses | $7,679,510 |
| Contributions, gifts, grants paid | $14,036,500 |
| Total expenses and disbursements | $21,716,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,095 |
| Savings and temporary cash investments | $8,859,716 |
| 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 | $265,858 |
| Other assets | $33,201 |
| Total assets | $400,330,268 |
| Accounts payable and accrued expenses | $27,586 |
| 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 | $27,586 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Albert & Bessie Mae Kronkosky Char Fndtn 3005500-3136454 has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
San Antonio Area Foundation San Antonio, TX PURPOSE: FOR GENERAL OPERATING EXPENSES | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
Perot Foundation Dallas, TX | $46,575,873 | $1,622,633 |
The Charles Butt Foundation San Antonio, TX | $7,229,103 | $6,060,986 |