Katz Family Foundation Inc
- Assets
- $1.9m
- Revenue
- $78.6k
- Investments
- $1.6m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 13-3980692
Organization Overview
Katz Family Foundation Inc is located in Palm Beach, FL. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Katz Family 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 12/2022, Katz Family Foundation Inc generated $78.6k 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 (6.5%) each year. All expenses for the organization totaled $130.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Katz Family Foundation Inc has awarded 194 individual grants totaling $679,404. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stanley Katz President | 1 | $0 | |
Judith Katz Treasurer/secretary | 5 | $0 | |
Andrew Katz Vice President | 0.1 | $0 | |
Cheryl Katz Vice President | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $72 |
| Dividends & Interest | $63,350 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,407 |
| Capital Gain Net Income | $18,407 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,220 |
| Total Revenue | $78,609 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,133 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $20,548 |
| Contributions, gifts, grants paid | $109,820 |
| Total expenses and disbursements | $130,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $165,335 |
| 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 | $50,754 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $119,062 |
| Total assets | $1,930,065 |
| Accounts payable and accrued expenses | $500 |
| 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 | $14,127 |
| Total liabilities | $14,627 |
Grants Awarded
Over the last fiscal year, Katz Family Foundation Inc has awarded $109,820 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FEDERATION OF PALM BEACH COUNTY PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $1,000 |
KRAVIS CENTRE OF PERFORMING ARTS PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $2,500 |
MORSELIFE HEALTH SYSTEM PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $5,000 |
MOUNT SINAI HEALTH SYSTEMS PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $5,000 |
NORTON MUSEUM OF ART PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $5,000 |
PALM BEACH CIVIC ASSOCIATION PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $5,500 |