Klaus-Jurgen Bathe Charitable Foundation
- Assets
- $2.8m
- Revenue
- $2.1m
- Investments
- $987.9k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 05/2001
- Data as of
- 12/2022
- EIN
- 04-6927546
Organization Overview
Klaus-Jurgen Bathe Charitable Foundation is located in Boston, MA. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Klaus-Jurgen Bathe Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Klaus-Jurgen Bathe Charitable Foundation generated $2.1m in total revenue. All expenses for the organization totaled $125.3k during the year ending 12/2022.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,903,504 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,945 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $180,727 |
| Capital Gain Net Income | $180,727 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,096,176 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,148 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $5,304 |
| Contributions, gifts, grants paid | $120,000 |
| Total expenses and disbursements | $125,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,782,515 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,770,375 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Klaus-Jurgen Bathe Charitable Foundation has awarded $230,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: COMPUTATIONAL FLUID & SOLID | $100,000 |
UNIVERSITY OF CAPETOWN PURPOSE: FUNDING FOR SCHOLARSHIPS | $130,000 |