Klingenstein-Martell Foundation
- Assets
- $9.0m
- Revenue
- $1.3m
- Investments
- $8.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1999
- Data as of
- 12/2022
- 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 12/2022, Klingenstein-Martell Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.1% each year . All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 23.2% per year over the past 8 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 74 individual grants totaling $2,875,093. 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 | $0 | |
Lauren Breslow Treasurer & Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,002,739 |
| Interest on Savings | $0 |
| Dividends & Interest | $77,624 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $182,628 |
| Capital Gain Net Income | $182,628 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $162 |
| Total Revenue | $1,263,153 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $80,029 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,093 |
| Total operating and administrative expenses | $99,148 |
| Contributions, gifts, grants paid | $1,368,503 |
| Total expenses and disbursements | $1,467,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,784 |
| Savings and temporary cash investments | $33,263 |
| 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 | $8,979,235 |
| 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 $1,368,503 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
EMMA WILLARD SCHOOL PURPOSE: GENERAL PURPOSE | $40,000 |
THE NY SHAKESPEARE FESTIVAL PURPOSE: SCHOLARSHIP | $50,000 |
THE TOWN SCHOOL PURPOSE: GENERAL PURPOSE | $40,000 |
NEW NORMAL REP PURPOSE: GENERAL PURPOSE | $10,000 |
STONY BROOK FOUNDATION PURPOSE: GENERAL PURPOSE | $320,000 |
MERCY HOSPITAL PURPOSE: IN HONOR OF PATRICIA KLINGENSTEIN | $50,000 |