Kohlberg Foundation Inc
- Assets
- $192.2m
- Revenue
- $22.9m
- Investments
- $180.8m
- Employees
- 0
- Location
- Armonk, NY
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 13-3496263
Organization Overview
Kohlberg Foundation Inc is located in Armonk, NY. The organization was established in 0000. 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. Kohlberg 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 12/2021, Kohlberg Foundation Inc generated $22.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $13.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kohlberg Foundation Inc has awarded 771 individual grants totaling $242,978,425. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Magnone Secretary | 1 | $0 | |
Les Fagen Vice President | 1 | $0 | |
Nancy Kohlberg President (deceased 8/25/22) | 1 | $0 | |
Nancy Mccabe President | 40 | $394,369 | |
Rita Fragano Accountant | 40 | $160,926 | |
Amanda Dehaan Office Manager | 40 | $89,976 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
General Atlantic | 12/30/22 | $208,085 |
Clarfeld Financial Advisors Llc | 12/30/22 | $210,657 |
Charles Schwab | 12/30/22 | $60,787 |
Ubs | 12/30/22 | $116,433 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,748 |
| Dividends & Interest | $3,485,463 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,996,507 |
| Capital Gain Net Income | $18,989,314 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $444,741 |
| Total Revenue | $22,929,459 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $394,793 |
| Other employee salaries and wages | $249,442 |
| Pension plans, employee benefits | $163,784 |
| Interest | $0 |
| Taxes | $345,916 |
| Depreciation | $9,438 |
| Occupancy | $50,829 |
| Travel, conferences, and meetings | $1,161 |
| Printing and publications | $0 |
| Other expenses | $191,055 |
| Total operating and administrative expenses | $2,211,592 |
| Contributions, gifts, grants paid | $10,755,449 |
| Total expenses and disbursements | $12,967,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,073,004 |
| 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 | $8,755 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $25,902,596 |
| Net Land, buildings, and equipment | $25,388 |
| Other assets | $253,713 |
| Total assets | $192,188,103 |
| 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, Kohlberg Foundation Inc has awarded $18,776,537 in support to 110 organizations.
| Grant Recipient | Amount |
|---|---|
A HOME PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
ALLIANCE FOR JUSTICE PURPOSE: RENEW ANNUAL SUPPORT FOR BUILD THE BENCH, JUDICAL WATCHDOG. BOLDER ADVOCACY PROGRAM, SCOTUS BRIEFS | $200,000 |
BARD COLLEGE PURPOSE: FINISH LINE SCHOLARSHIPS | $150,000 |
BARD COLLEGE PURPOSE: RENEWED SUPPORT FOR BARD PRISON INITIATIVE | $100,000 |
AMALGAMATED CHARITABLE FOUNDATION INC PURPOSE: FOR ALL VOTING IS LOCAL | $100,000 |
BEDFORD 2030 INC PURPOSE: GENERAL SUPPORT FOR LOCAL ENVIRONMENTAL PROJECTS AND EDUCATION | $1,000 |