John And Patricia Klingenstein Fund
- Assets
- $118.0m
- Revenue
- $3.1m
- Investments
- $117.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/1999
- Data as of
- 12/2022
- EIN
- 13-4062589
Organization Overview
John And Patricia Klingenstein Fund is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. John And Patricia Klingenstein Fund 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, John And Patricia Klingenstein Fund generated $3.1m 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 (5.8%) each year. All expenses for the organization totaled $6.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Klingenstein Trustee | 2 | $0 | |
Andrew Klingenstein Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,558,036 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,179,991 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$620,888 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,117,139 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $50,908 |
| Pension plans, employee benefits | $13,465 |
| Interest | $0 |
| Taxes | $1,300,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,545 |
| Total operating and administrative expenses | $1,524,306 |
| Contributions, gifts, grants paid | $4,812,879 |
| Total expenses and disbursements | $6,337,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,101 |
| 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 | $240,775 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $118,037,955 |
| 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, John And Patricia Klingenstein Fund has awarded $4,812,879 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE STATEMENT ATTACHED PURPOSE: GENERAL PURPOSE | $4,737,750 |
SEE STATEMENT ATTACHED PURPOSE: A GRANT OF 189 SHARES OF SPY WAS MADE TO 7 LAKES ALLIANCE ON NOVEMBER 30, 2022. THE GRANT WAS FOR GENERAL PURPOSES. THE BOOK VALUE OF THE STOCK CONTRIBUTED WAS $85,824. THE METHOD USED TO DETERMINE THE BOOK VALUE OF THE STOCK WAS ALLOCATED ACQUISITION COST. THE METHOD USED TO DETERMINE THE MARKET VALUE WAS AVERAGE MARKET VALUE ON DATE OF STOCK TRANSFER. THE AVERAGE PRICE PER SHARE WAS $397.51. | $75,129 |