Kolatch Family Foundation
- Assets
- $95.2m
- Revenue
- $10.7m
- Investments
- $89.1m
- Employees
- 0
- Location
- Englewood, NJ
- Founding
- 04/1998
- Data as of
- 10/2023
- EIN
- 13-3918276
Organization Overview
Kolatch Family Foundation is located in Englewood, NJ. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kolatch Family 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 10/2023, Kolatch Family Foundation generated $10.7m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $6.7m during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kolatch Family Foundation has awarded 279 individual grants totaling $25,533,665. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE FOOTNOTE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan L Kolatch Trustee | 5 | $0 | |
Mindy S Kolatch Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,068,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,353,843 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,581,624 |
| Capital Gain Net Income | $1,581,624 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $671,680 |
| Total Revenue | $10,675,147 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $148,580 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $181,995 |
| Total operating and administrative expenses | $340,575 |
| Contributions, gifts, grants paid | $6,332,093 |
| Total expenses and disbursements | $6,672,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,320,678 |
| Savings and temporary cash investments | $4,738,378 |
| 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 | $84,705,937 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $170 |
| Total assets | $95,179,584 |
| 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 | $20 |
| Total liabilities | $20 |
Grants Awarded
Over the last fiscal year, Kolatch Family Foundation has awarded $6,332,093 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
ALBERT EINSTEIN COLLEGE OF MEDICINE PURPOSE: GENERAL SUPPORT | $35,000 |
AMIT CHILDREN PURPOSE: GENERAL SUPPORT | $50,000 |
AMIT CHILDREN PURPOSE: GENERAL SUPPORT | $2,250 |
AMIT CHILDREN PURPOSE: GENERAL SUPPORT | $10,000 |
CHAI-LIFE LINE PURPOSE: GENERAL SUPPORT | $1,800 |
COALITION FOR THE HOMELESS PURPOSE: GENERAL SUPPORT | $10,000 |