Kargman Charitable & Educational Foundation Inc
- Assets
- $1.7m
- Revenue
- $629.2k
- Investments
- $1.1m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/1966
- Data as of
- 05/2022
- EIN
- 04-6133810
Organization Overview
Kargman Charitable & Educational Foundation Inc is located in Boston, MA. The organization was established in 1966. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kargman Charitable & Educational Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Kargman Charitable & Educational Foundation Inc has awarded 103 individual grants totaling $1,426,942. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert M Kargman Director | 1 | $0 | |
William M Kargman President, Treasurer & Cle | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,690 |
| Dividends & Interest | $88,471 |
| Net Rental Income | $271,071 |
| Net Gain on Sale of Assets | $222,765 |
| Capital Gain Net Income | $222,765 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $44,197 |
| Total Revenue | $629,194 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $5,106 |
| Taxes | $195 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,828 |
| Total operating and administrative expenses | $33,417 |
| Contributions, gifts, grants paid | $78,300 |
| Total expenses and disbursements | $111,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,114 |
| Savings and temporary cash investments | $596,052 |
| 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 | $1,149,140 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,748,306 |
| Accounts payable and accrued expenses | $19 |
| 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 | $2,094,178 |
| Total liabilities | $2,094,197 |
Grants Awarded
Over the last fiscal year, Kargman Charitable & Educational Foundation Inc has awarded $78,300 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
THE URBAN LEAGUE OF EASTERN MASS PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $50,000 |
KRAVIS CENTER PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $20,000 |
Cambridge, MA PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $3,000 |
HOFFBERGER INSITUTE FOR TEXT STUDY INC PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $1,800 |
West Palm Beach, FL PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $1,500 |
ABUNDANT LIFE CHRISTIAN SCHOOL PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hansjorg Wyss Institute For Biologically Inspired Engineering Boston, MA | $178,608,152 | $47,853,271 |
Stony Brook Foundation Inc Stony Brook, NY | $732,698,663 | $129,247,386 |
University Of Connecticut Foundation Incorporated Storrs, CT | $744,628,423 | $150,826,250 |
University At Buffalo Foundation Inc Buffalo, NY | $1,104,161,290 | $45,943,366 |
Americans For Ben-Gurion University Inc New York, NY | $873,598,749 | $105,090,161 |
Trustees For Harvard University Cambridge, MA | $1,524,141,919 | $57,204,982 |
The University Of Rhode Island Foundation & Alumni Engagement Kingston, RI | $283,152,721 | $40,864,874 |
Anderson Center Services Inc Staatsburg, NY | $47,866,926 | $36,341,767 |
University Of New Hampshire Foundation Incorporated Durham, NH | $251,217,834 | $34,299,189 |
Harvard Private Capital Realty Inc Boston, MA | $2,527,458,180 | $415,073,812 |
Faculty-Student Assoc Of State University Of Ny At Stony Brook Stony Brook, NY | $54,956,974 | $31,334,535 |
University Of Massachusetts Foundation Inc Boston, MA | $842,030,994 | $57,111,837 |