Krohn Breakthrough Foundation
- Assets
- $1.1m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Orem, UT
- Founding
- Data as of
- 12/2022
- EIN
- 84-4768509
Organization Overview
Krohn Breakthrough Foundation is located in Orem, UT. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Krohn Breakthrough 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 12/2022, Krohn Breakthrough Foundation generated $3.9m in total revenue. All expenses for the organization totaled $3.1m during the year ending 12/2022. While expenses have increased by 363.1% per year over the past 3 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 2020, Krohn Breakthrough Foundation has awarded 20 individual grants totaling $1,399,363. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KROHN BREAKTHROUGH FOUNDATION USES A MIND-SET TRAINING PROGRAM CALLED BREAKTHROUGH THAT TEACHES THE SKILLS NEEDED TO IDENTIFY LIMITED BELIEFS. A LIMITING BELIEF IS ANY THOUGHT A PERSON BELIEVES IS TRUE BUT IS HOLDING THEM BACK AND LIMITING THEIR POTENTIAL. BREAKTHROUGH TRAINS INDIVIDUALS TO OVERCOME THESE INTERNAL BARRIERS, TRANSFORMING HOW THEY THINK ABOUT THEMSELVES, ALLOWING THEM TO REALIZE THEIR FULL POTENTIAL.IN 2022, THE FOUNDATION SPENT $65,541 ON BREAKTHROUGH ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carson Tietjen Trustee | 0 | $0 | |
Kristoffer Krohn Director | 0 | $0 | |
Kalenn Krohn Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,877,420 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,877,420 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $310,587 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $1,144 |
| Occupancy | $13,500 |
| Travel, conferences, and meetings | $26,209 |
| Printing and publications | $0 |
| Other expenses | $1,369,502 |
| Total operating and administrative expenses | $1,766,885 |
| Contributions, gifts, grants paid | $1,284,545 |
| Total expenses and disbursements | $3,051,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,038,186 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $20,000 |
| 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 | $4,578 |
| Other assets | $0 |
| Total assets | $1,062,764 |
| Accounts payable and accrued expenses | $26,243 |
| 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 | $34,650 |
| Total liabilities | $60,893 |
Grants Awarded
Over the last fiscal year, Krohn Breakthrough Foundation has awarded $1,284,545 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NEW HOPE MINISTRIES PURPOSE: CHARITABLE DONATION | $6,000 |
ALLIED EXTRACT PURPOSE: CHARITABLE DONATION | $305,910 |
UNITED HELP UKRAINE PURPOSE: CHARITABLE DONATION | $5,135 |
UKRAINE FREEDOM FUND PURPOSE: CHARITABLE DONATION | $667,500 |
TIM TEBOW FOUNDATION INC PURPOSE: CHARITABLE DONATION | $300,000 |