Iris J & Saul B Katz Foundation Inc
- Assets
- $23.9m
- Revenue
- $753.4k
- Investments
- $23.8m
- Employees
- 0
- Location
- Great Neck, NY
- Founding
- 05/1983
- Data as of
- 12/2023
- EIN
- 11-2626656
Organization Overview
Iris J & Saul B Katz Foundation Inc is located in Great Neck, NY. The organization was established in 1983. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Iris J & Saul B Katz 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.
For the year ending 12/2023, Iris J & Saul B Katz Foundation Inc generated $753.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Iris J & Saul B Katz Foundation Inc has awarded 391 individual grants totaling $18,520,690. 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 |
|---|---|---|---|
Saul B Katz Pres/director | 0 | $0 | |
Iris J Katz Director/treasurer | 0 | $0 | |
David M Katz Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,103 |
| Interest on Savings | $0 |
| Dividends & Interest | $735,603 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,602 |
| Capital Gain Net Income | $10,602 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $102 |
| Total Revenue | $753,410 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $321,003 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,911 |
| Total operating and administrative expenses | $330,914 |
| Contributions, gifts, grants paid | $2,942,980 |
| Total expenses and disbursements | $3,273,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,774 |
| Savings and temporary cash investments | $0 |
| 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 | $23,811,891 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,892,665 |
| 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, Iris J & Saul B Katz Foundation Inc has awarded $2,942,980 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
BACK 2 SCHOOL STORE PURPOSE: GENERAL CONTRIBUTION | $3,000 |
ANSWER THE CALL PURPOSE: GENERAL CONTRIBUTION | $500 |
BEIT RUTH PURPOSE: GENERAL CONTRIBUTION | $5,000 |
BISTRO ETE PURPOSE: GENERAL CONTRIBUTION | $1,800 |
AMERICAN FRIENDS OF SHALVA PURPOSE: GENERAL CONTRIBUTION | $5,000 |
CHILDREN TUMOR FOUNDATION PURPOSE: GENERAL CONTRIBUTIONS | $5,000 |