Civic Intelligence

Krasa Family Trust (22-37883)

EIN 36-6828217 • 501(c)3 • PO Box Chicago, IL

Profile

To support organizations listed on schedule a part i

The Northern Trust CompanyPO Box Chicago, IL 60680

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

82nd percentile

34%

Higher net margin than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

38th percentile

$153,602

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 24.7% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

41st percentile

1.8%

Faster asset growth than 41% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

77th percentile

29%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$11,812,078

Up $207,721 (+1.8%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$11,812,078

Up $207,721 (+1.8%) from 2024

Revenue

Up

$622,409

Up $140,756 (+29%) from 2024

Expenses

Down

$413,427

Down $126,904 (-23%) from 2024

Net Income

Up

$208,982

Up $267,660 (+456%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2020: $11,757,767Liabilities 2020: $0Net Assets 2020: $11,757,7672020Assets 2021: $11,868,462Liabilities 2021: $0Net Assets 2021: $11,868,4622021Assets 2022: $12,149,386Liabilities 2022: $0Net Assets 2022: $12,149,3862022Assets 2023: $11,661,574Liabilities 2023: $0Net Assets 2023: $11,661,5742023Assets 2024: $11,604,357Liabilities 2024: $0Net Assets 2024: $11,604,3572024Assets 2025: $11,812,078Liabilities 2025: $0Net Assets 2025: $11,812,0782025

Highlighted filing

2025

Assets$11,812,078
Liabilities$0
Net Assets$11,812,078

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2020: $451,603Expenses 2020: $1,248,563Net Income 2020: -$796,9602020Revenue 2021: $435,666Expenses 2021: $325,486Net Income 2021: $110,1802021Revenue 2022: $653,320Expenses 2022: $373,008Net Income 2022: $280,3122022Revenue 2023: $495,864Expenses 2023: $982,568Net Income 2023: -$486,7042023Revenue 2024: $481,653Expenses 2024: $540,331Net Income 2024: -$58,6782024Revenue 2025: $622,409Expenses 2025: $413,427Net Income 2025: $208,9822025

Highlighted filing

2025

Revenue$622,409
Expenses$413,427
Net Income$208,982

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
May 1, 2024 to Apr 30, 2025
Signed
Sep 11, 2025
Return Version
2024v5.2
Gross Receipts
$1,670,095
Mission and Program Overview

Mission

To support organizations listed on schedule a part i

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$11,604,357$11,812,078▲ $207,721
Investments in Publicly Traded Securities$11,293,348$11,500,859▲ $207,511
Savings and Temporary Cash Investments$311,009$311,219▲ $210
Total Assets$11,604,357$11,812,078▲ $207,721
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,604,357$11,812,078▲ $207,721
Total Liabilities and Net Assets / Fund Balance$11,604,357$11,812,078▲ $207,721
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Northern Trust CompanyTrusteeFT$153,602$153,602
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$622,409
Other Revenue
$0
Change in Net Assets
$208,982
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$249,850
Salaries, Compensation, and Employee Benefits$134,579
Other Expenses$28,998
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$249,850--$249,850
Current Officers, Directors, Trustees, and Key Employees$100,934$33,645-$134,579
Fees for Service Investment Mgmnt Fees-$19,023-$19,023
Fees for Services Accounting-$2,500-$2,500
Other Expenses-$15-$15
Total Functional Expenses$350,784$62,643$0$413,427
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Loyola UniversityChicago, IL501(c)(3)General Support$249,850
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8B

The organization had no committees

Form 990, Page 6, Part VI, Line 11-description of Process for Review

Copy of tax return sent to trustee for review and comment

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12C

ANNUAL ACKNOWLEDGEMENT

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Krasa Family Trust (22-37883)
EIN
36-6828217
Phone
3126306000
Address
THE NORTHERN TRUST COMPANY, PO BOX CHICAGO, IL 60680

Signing Officer

Name
James Ciarlette
Title
VP
Phone
3126306000
Signed
2025-09-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
SAME AS 'C' ABOVE
Formed
1982
Legal Domicile
Il
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Ernst & Young US Llp
Address
155 N WACKER DRIVE, CHICAGO, IL 60606
Preparer
Jason Belot
Phone
3128792000
Supplemental Narrative

Additional Explanations

Explanation for Form 990, Part XI, Line 9

2024 Transaction Posted in 2025 ($1,043); 2023 Transactions Posted in 2024 $1,260; Cost Basis Adjustment ($1,478)

Raw XML AppendixShowing 400 of 414 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0NORTHERN TRUST MAINTAINED A CLOSE AND CONTINUOUS RELATIONSHIP VIA COMMUNICATION EITHER BY EMAIL, PHONE AND FACE TO FACE MEETINGS WITH THE PORTFOLIO MANAGER, CLIENT ADVISOR AND/OR MANAGING DIRECTOR.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1REPRESENTATIVES OF THE TRUSTEE AND THE SUPPORTED ORGANIZATION(S) HAVE PERIODIC TELEPHONE MEETINGS DURING WHICH QUESTIONS AND CONCERNS ARE ADDRESSED. THE TERMS OF THE DISTRIBUTIONS ARE DETERMINED BY THE TRUST DOCUMENT. NORTHERN TRUST PROVIDES THE SUPPORTED ORGANIZATION(S) WITH REGULAR INVESTMENT STATEMENTS, ETC.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE KRASA FAMILY TRUST FAILED TO DISTRIBUTE $97,576 FOR THE TAX YEAR ENDING APRIL 30, 2025 DUE TO A CLERICAL ERROR.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3THE REASONABLE CAUSE EXCEPTION UNDER TREASURY REGULATION SECTION 1.509(A)-(4)(I)(5)(II)(F) STATES AN ORGANIZATION THAT FAILS TO DISTRIBUTE ITS DISTRIBUTABLE AMOUNT WILL NOT BE CLASSIFIED AS A PRIVATE FOUNDATION FOR THE YEAR OF THE FAILURE IF THE ORGANIZATION ESTABLISHES TO THE SATISFACTION OF THE IRS THAT:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt4(1) THE FAILURE WAS DUE TO UNFORSEEN EVENTS OR CIRCUMSTANCES BEYOND ITS CONTROL, A CLERICAL ERROR, OR AN INCORRECT VALUATION OF ASSETS; (2) THE FAILURE WAS DUE TO REASONABLE CAUSE AND NOT TO WILLFUL NEGLECT;
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt5AND (3) THE DISTRIBUTION REQUIREMENT IS MET WITHIN 180 DAYS AFTER THE ORGANIZATION IS FIRST ABLE TO DISTRIBUTE ITS DISTRIBUTABLE AMOUNT, OR WITHIN 180 DAYS AFTER THE CLERICAL ERROR OR INCORRECT VALUATION WAS OR SHOULD HAVE BEEN DISCOVERED.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt6THE UNDERDISTRIBUTION WAS DUE TO A CLERICAL ERROR AND NOT WILFUL NEGLECT. THE TRUST WILL PAY OUT THE UNDERDISTRIBUTION IN LESS THAN 180 DAYS SINCE THE DISCOVERY OF THE UNDERDISTRIBUTION AND HENCEFORTH WILL TIMELY COMPLY WITH THE DISTRIBUTABLE AMOUNT REQUIREMENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPY OF TAX RETURN SENT TO TRUSTEE FOR REVIEW AND COMMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL ACKNOWLEDGEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt42024 Transaction Posted in 2025 ($1,043); 2023 Transactions Posted in 2024 $1,260; Cost Basis Adjustment ($1,478)
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES CIARLETTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP
ReturnHeader/BusinessOfficerGrp/PhoneNum03126306000
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KRASA FAMILY TRUST (22-37883)
ReturnHeader/Filer/BusinessNameControlTxt0KRAS
ReturnHeader/Filer/EIN0366828217
ReturnHeader/Filer/PhoneNum03126306000
ReturnHeader/Filer/USAddress/AddressLine1Txt0THE NORTHERN TRUST COMPANY
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