Klingenstein-Martell Foundation
- Assets
- $9.4m
- Revenue
- $5.5m
- Investments
- $8.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1999
- Data as of
- 12/2021
- EIN
- 13-4078024
Organization Overview
Klingenstein-Martell Foundation is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Klingenstein-Martell 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 12/2021, Klingenstein-Martell Foundation generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 61.0% each year . All expenses for the organization totaled $374.4k during the year ending 12/2021. While expenses have increased by 4.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Klingenstein-Martell Foundation has awarded 64 individual grants totaling $1,506,590. 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 |
|---|---|---|---|
Sarah K Martell President, Trustee | 0.5 | $0 | |
Lauren Breslow Treasurer & Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $984,347 |
| Interest on Savings | $0 |
| Dividends & Interest | $129,272 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,421,041 |
| Capital Gain Net Income | $4,421,041 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,534,660 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $993 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,645 |
| Total operating and administrative expenses | $16,538 |
| Contributions, gifts, grants paid | $357,818 |
| Total expenses and disbursements | $374,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,846 |
| Savings and temporary cash investments | $505,126 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,403,943 |
| 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, Klingenstein-Martell Foundation has awarded $357,818 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
NEW NORMAL REP PURPOSE: GENERAL PURPOSE | $105,000 |
MERCY HOSPITAL (NONCASH) PURPOSE: IN HONOR OF PATRICIA KLINGENSTEIN | $52,818 |
THE NY SHAKESPEARE FESTIVAL PURPOSE: SCHOLARSHIP | $50,000 |
THE TOWN SCHOOL PURPOSE: GENERAL PURPOSE | $40,000 |
Troy, NY PURPOSE: GENERAL PURPOSE | $40,000 |
WILD CENTER PURPOSE: GENERAL PURPOSE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comic Relief Inc New York, NY | $28,941,799 | $35,831,552 |
Anabaptist Foundation Lewisburg, PA | $47,495,861 | $36,276,504 |
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA | $99,634,192 | $14,397,650 |
Givinga Foundation Inc Wellesley, MA | $2,876,364 | $15,849,424 |
Justgive Inc Weston, CT | $5,012,575 | $11,301,311 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |