Mark & Lori Kroll Family Foundation
- Assets
- $451.0k
- Revenue
- $61.3k
- Investments
- $114.9k
- Employees
- 0
- Location
- Crystal Bay, MN
- Founding
- 12/2004
- Data as of
- 12/2021
- EIN
- 87-0731913
Organization Overview
Mark & Lori Kroll Family Foundation is located in Crystal Bay, MN. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mark & Lori Kroll 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 12/2021, Mark & Lori Kroll Family Foundation generated $61.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $25.1k during the year ending 12/2021. While expenses have increased by 9.7% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAKING DISTRIBUTIONS FOR CHARITABLE PURPOSES TO QUALIFIED CHARITABLE ORGANIZATIONS SELECTED BY FOUNDATION OFFICERS AND DIRECTORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori C Kroll Director And Chairman | 1.5 | $0 | |
Mark W Kroll Director/vice President | 2 | $0 | |
Braden W Kroll President | 4 | $0 | |
Ryan M Kroll Secretary | 0.5 | $0 | |
Mollie B Ritter Director/vice President | 0.75 | $0 | |
Chase R Kroll Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16 |
| Dividends & Interest | $7,905 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,398 |
| Capital Gain Net Income | $53,398 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $61,319 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53 |
| Total operating and administrative expenses | $67 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $25,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $336,130 |
| 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 | $114,896 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $451,026 |
| 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, Mark & Lori Kroll Family Foundation has awarded $25,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Golden, CO PURPOSE: GENERAL ASSISTANCE | $4,000 |
Baltimore, MD PURPOSE: GENERAL ASSISTANCE ALL ASSISTANCE ALL OVER THE WORLD | $3,750 |
HOME AT LAST PURPOSE: GENERAL ASSISTANCE TO VETERANS & FAMILIES | $2,500 |
1 MAN 1 MISSION PURPOSE: THERAPIES FOR CHILDREN WITH DISABILITIES | $2,500 |
Washington, DC PURPOSE: FIGHTS FOR ACCOUNTABILITY IN LAW & GOVERNMENT | $2,500 |
JEREMIAH PROGRAM PURPOSE: HOMELESS YOUTH | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |
Kaena Foundation Minneapolis, MN | $0 | $2,288,902 |
Melitta S And Joan M Pick Charitable Trust Milwaukee, WI | $69,688,567 | $15,533,257 |
K A H R Foundation Minnetrista, MN | $0 | $2,779,843 |
The Mortenson Family Foundation Minneapolis, MN | $135,941,290 | $34,670,895 |
Northeast Entrepreneur Fund Inc Duluth, MN | $61,578,010 | $11,454,205 |
Easter Foundation Inc De Pere, WI | $48,221,315 | $14,319,286 |
John Ruan Foundation Trust Urbandale, IA | $110,876,833 | $7,230,015 |
Wem 2000 Foundation Minneapolis, MN | $94,111,129 | $6,290,419 |
Ashley Charitable Foundation Ltd Arcadia, WI | $13,824,381 | $199,581 |