DROLSON FAMILY FOUNDATION
Mission Statement
The mission of the Drolson Family Foundation is to benefit the Forest Lake community by partnering with local organizations to identify opportunities where a donation will make a meaningful difference in the lives of community members. Money raised through DFF has been used to support causes that were important to Don Drolson including education, youth activities, youth athletics and other community needs by partnering with and supporting the efforts of organizations such as the Forest Lake Area Community Scholarship Foundation, Lakes Area Youth Service Bureau, Community Education, Forest Lake Area Schools Athletic Teams and more. We are continually identifying additional needs of people in the Forest Lake community. As our foundation continues to grow, we are working to balance the need to build and maintain a fund balance with the desire to support the causes we’ve identified. Proceeds of our main fundraiser are designed to help meet the needs of the community while we continue to raise money locally. Much of our work has focused on supporting youth to be successful as they develop into young adults, but donations are not limited to youth. We’ve supported youth leadership and community involvement programs for teens, college scholarships for high school graduates, a Relay for Life team to raise money for the American Cancer Society, GED testing expenses for those who are unable to afford the cost to finish their education, scholarships for driver’s education as well as other causes. As we fulfill our mission by giving money to benefit the Forest Lake community via partnering with well established and successful community organizations, the Drolson Family Foundation doesn’t provide any services directly. We estimate that 200-300 people have benefitted through donations from DFF. We estimate that the majority of the people who benefitted from our work are youth under age 18. Our work focuses on the Forest Lake Community which we’ve defined to include all communities within the Forest Lake Area School District boundaries.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
100.0% | 86.7% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
0.0 mo | 137.0 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
100.0% | 0.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 95.5% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
18.1% | -0.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
16.9% | -4.3% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
0.0% | -0.6% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $29K | $29K | $0 | 100.0% | — |
| 2022 | $25K | $25K | $0 | 100.0% | — |
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