Charity Search / DROLSON FAMILY FOUNDATION
Philanthropy & Grantmaking (T20) IRS Verified DX Registered 990 on File

DROLSON FAMILY FOUNDATION

EIN: 45-2483929 · FOREST LAKE, MN 55025-2036 · United States · FY 2023 Data
3 out of 5 44 / 100 Based on 2+ years of filings
Financial strength (30%) 49/100
Reliability (20%) 50/100
Effectiveness (25%) 78/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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CharityAI™ Score
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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
$29K
Total Revenue
$29K
Total Expenses
$0
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 100.0%
Fundraising Efficiency N/A
Operating Reserve 0.00x
Liability-to-Asset 100.0%
Revenue Diversification 100.0%
Compared with Peers
FY 2023
Compared with 34,329 similar organizations (United States, Philanthropy & Grantmaking, under $100K in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
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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Organization Details
EIN
45-2483929
State
MN
City
FOREST LAKE
ZIP
55025-2036
Classification
T20
Category
Philanthropy & Grantmaking
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
2011
Foundation Code
4
Form 990
On File
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