The Croll Foundation Attn Mary Kathleen Oconnell
The Croll Foundation: Declining Assets, Inconsistent Revenue, and Lack of Transparency
EIN: 222946282 · Needham Heights, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.5M |
| Net Assets | $10.0M |
| Transparency Score | 65/100 |
Is The Croll Foundation Attn Mary Kathleen Oconnell Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Croll Foundation Attn Mary Kathleen Oconnell
The Croll Foundation Attn Mary Kathleen Oconnell (EIN: 222946282) is a nonprofit organization based in Needham Heights, MA. The organization reported total revenue of $1.1M and total assets of $9.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Croll Foundation Attn Mary Kathleen Oconnell's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Croll Foundation Attn Mary Kathleen Oconnell is a mid-size nonprofit that has been operating for 38 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -23.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $274K |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-1,262,931 |
| Total Assets | $10.0M |
| Total Liabilities | $1 |
| Net Assets | $10.0M |
| Operating Margin | -460.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 77.8 months |
Financial Health Grade: B
In 2023, The Croll Foundation Attn Mary Kathleen Oconnell reported a deficit of $1.3M with expenses exceeding revenue, holds 77.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Croll Foundation Attn Mary Kathleen Oconnell's revenue has declined at a compound annual growth rate (CAGR) of -23.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -88.1% | +1.6% | -11.2% |
| 2022 | +156.3% | +14.8% | +7.6% |
| 2021 | +170.2% | -23.0% | -5.3% |
| 2020 | -87.5% | +28.7% | -10.1% |
| 2019 | +163.9% | -12.2% | -9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Croll Foundation Attn Mary Kathleen Oconnell with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, The Croll Foundation Attn Mary Kathleen Oconnell allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not reported in the provided filings, suggesting either no paid executives or that compensation falls below reporting thresholds, which is concerning given the significant administrative expenses.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Croll Foundation Attn Mary Kathleen Oconnell's IRS 990 filings:
- Consistent 0% program spending across all available filings (e.g., 2023, 2022, 2021) raises serious questions about the foundation's charitable purpose.
- Total assets have steadily declined from $14,868,012 in 2013 to $9,840,719 in 2023, indicating a significant erosion of capital.
- Revenue figures are highly volatile, ranging from a negative -$1,120,109 in 2013 to $2,662,835 in 2019, making financial planning and sustainability questionable.
- The foundation's primary activity appears to be managing its endowment without direct charitable output.
Strengths
The following positive indicators were identified for The Croll Foundation Attn Mary Kathleen Oconnell:
- The foundation has maintained its legal status and filed required documents consistently over the years.
Frequently Asked Questions about The Croll Foundation Attn Mary Kathleen Oconnell
Is The Croll Foundation Attn Mary Kathleen Oconnell a legitimate charity?
Based on AI analysis of IRS 990 filings, The Croll Foundation Attn Mary Kathleen Oconnell (EIN: 222946282) some concerns. Mission Score: 65/100. 4 red flags identified, 1 strength noted.
How does The Croll Foundation Attn Mary Kathleen Oconnell spend its money?
Detailed spending breakdown data is not yet available for The Croll Foundation Attn Mary Kathleen Oconnell. Check back for updated IRS 990 analysis.
Are donations to The Croll Foundation Attn Mary Kathleen Oconnell tax-deductible?
The Croll Foundation Attn Mary Kathleen Oconnell is registered as a tax-exempt nonprofit (EIN: 222946282). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Croll Foundation Attn Mary Kathleen Oconnell located?
The Croll Foundation Attn Mary Kathleen Oconnell is headquartered in Needham Heights, Massachusetts and files with the IRS under EIN 222946282.
How many years of IRS 990 filings does The Croll Foundation Attn Mary Kathleen Oconnell have?
The Croll Foundation Attn Mary Kathleen Oconnell has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.1M in total revenue.
What does The Croll Foundation Attn Mary Kathleen Oconnell do?
The Croll Foundation Attn Mary Kathleen Oconnell is a nonprofit organization in the Unknown sector, located in Needham Heights, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does The Croll Foundation Attn Mary Kathleen Oconnell have?
The Croll Foundation Attn Mary Kathleen Oconnell reported total revenue of $1,124,218. Based on 10 IRS 990 filings on record.
What are The Croll Foundation Attn Mary Kathleen Oconnell's total assets?
The Croll Foundation Attn Mary Kathleen Oconnell holds total assets of $9,840,719 as reported in IRS 990 filings.
Where is The Croll Foundation Attn Mary Kathleen Oconnell located?
The Croll Foundation Attn Mary Kathleen Oconnell is based in Needham Heights, Massachusetts.
What is The Croll Foundation Attn Mary Kathleen Oconnell's EIN?
The Croll Foundation Attn Mary Kathleen Oconnell's Employer Identification Number (EIN) is 222946282. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Croll Foundation Attn Mary Kathleen Oconnell?
The Croll Foundation Attn Mary Kathleen Oconnell is classified under NTEE code Unknown (Unknown).
Is The Croll Foundation Attn Mary Kathleen Oconnell a registered 501(c)(3)?
The Croll Foundation Attn Mary Kathleen Oconnell appears in IRS records (EIN: 222946282). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Croll Foundation Attn Mary Kathleen Oconnell file IRS Form 990?
Yes, The Croll Foundation Attn Mary Kathleen Oconnell has 10 IRS Form 990 filings on record. The most recent covers tax period 202310.
What was The Croll Foundation Attn Mary Kathleen Oconnell's revenue in 2023?
In the 202310 filing period, The Croll Foundation Attn Mary Kathleen Oconnell reported total revenue of $274,261, total expenses of $1,537,192, and net assets of $9,969,071.
Is The Croll Foundation Attn Mary Kathleen Oconnell's revenue growing or declining?
The Croll Foundation Attn Mary Kathleen Oconnell's revenue is declining. Revenue went from $2,307,880 (202210) to $274,261 (202310), a -88.1% change. Based on 10 filings on record.
What is The Croll Foundation Attn Mary Kathleen Oconnell's most recent 990 filing?
The most recent IRS Form 990 filing for The Croll Foundation Attn Mary Kathleen Oconnell covers tax period 202310. It shows revenue of $274,261, expenses of $1,537,192, total assets of $9,969,071, and liabilities of $1.
Is The Croll Foundation Attn Mary Kathleen Oconnell a trustworthy charity?
Based on AI analysis of IRS 990 data, The Croll Foundation Attn Mary Kathleen Oconnell shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 1 strength noted.
What are the red flags for The Croll Foundation Attn Mary Kathleen Oconnell?
The following concerns were identified: Consistent 0% program spending across all available filings (e.g., 2023, 2022, 2021) raises serious questions about the foundation's charitable purpose.. Total assets have steadily declined from $14,868,012 in 2013 to $9,840,719 in 2023, indicating a significant erosion of capital.. Revenue figures are highly volatile, ranging from a negative -$1,120,109 in 2013 to $2,662,835 in 2019, making financial planning and sustainability questionable.. The foundation's primary activity appears to be managing its endowment without direct charitable output.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Croll Foundation Attn Mary Kathleen Oconnell's strengths?
Positive indicators for The Croll Foundation Attn Mary Kathleen Oconnell include: The foundation has maintained its legal status and filed required documents consistently over the years.. These findings are derived from AI analysis of the organization's financial filings.
How does The Croll Foundation Attn Mary Kathleen Oconnell compensate executives?
Executive compensation is not reported in the provided filings, suggesting either no paid executives or that compensation falls below reporting thresholds, which is concerning given the significant administrative expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% program service expenses, what is the actual charitable purpose and impact of The Croll Foundation?
The filings suggest The Croll Foundation primarily functions as an asset holding entity rather than an active grant-making or program-operating charity, with no direct charitable output reported.
What is the nature of the 'expenses' reported (e.g., $1,537,192 in 2023) if there are no program service expenses and no reported executive compensation?
Without further detail, these expenses are categorized as administrative and could include investment management fees, legal fees, accounting fees, and other operational costs associated with managing the foundation's assets.
Filing History
IRS 990 filing history for The Croll Foundation Attn Mary Kathleen Oconnell showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Croll Foundation Attn Mary Kathleen Oconnell's revenue has declined by 95.6%, moving from $6.3M to $274K. Total assets decreased by 50% over the same period, from $20.0M to $10.0M. Total functional expenses rose by 3.4%, from $1.5M to $1.5M. In its most recent filing year (2023), The Croll Foundation Attn Mary Kathleen Oconnell reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $1 in liabilities against $10.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $10.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $274K | $1.5M | $10.0M | $1 | — | — |
| 2022 | $2.3M | $1.5M | $11.2M | $1 | — | View 990 |
| 2021 | $901K | $1.3M | $10.4M | $1 | — | View 990 |
| 2020 | $333K | $1.7M | $11.0M | $1 | — | — |
| 2019 | $2.7M | $1.3M | $12.3M | $1 | — | View 990 |
| 2015 | $1.0M | $1.5M | $13.6M | $1 | — | View 990 |
| 2014 | $905K | $1.7M | $14.1M | $1 | — | View 990 |
| 2013 | $-1,120,109 | $2.8M | $14.9M | $0 | — | View 990 |
| 2012 | $601K | $1.5M | $19.1M | $1 | — | View 990 |
| 2011 | $6.3M | $1.5M | $20.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $274K, expenses of $1.5M, and assets of $10.0M (revenue -88.1% year-over-year).
- 2022: Revenue of $2.3M, expenses of $1.5M, and assets of $11.2M (revenue +156.3% year-over-year).
- 2021: Revenue of $901K, expenses of $1.3M, and assets of $10.4M (revenue +170.2% year-over-year).
- 2020: Revenue of $333K, expenses of $1.7M, and assets of $11.0M (revenue -87.5% year-over-year).
- 2019: Revenue of $2.7M, expenses of $1.3M, and assets of $12.3M (revenue +163.9% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.5M, and assets of $13.6M (revenue +11.6% year-over-year).
- 2014: Revenue of $905K, expenses of $1.7M, and assets of $14.1M.
- 2013: Revenue of $-1,120,109, expenses of $2.8M, and assets of $14.9M (revenue -286.2% year-over-year).
- 2012: Revenue of $601K, expenses of $1.5M, and assets of $19.1M (revenue -90.4% year-over-year).
- 2011: Revenue of $6.3M, expenses of $1.5M, and assets of $20.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Croll Foundation Attn Mary Kathleen Oconnell:
Data Sources and Methodology
This transparency report for The Croll Foundation Attn Mary Kathleen Oconnell is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.