K P & Phoebe Tsolainos Foundation Inc
- Assets
- $131.1k
- Revenue
- $92.7k
- Investments
- $84.8k
- Employees
- 0
- Location
- Potomac, MD
- Founding
- 01/1958
- Data as of
- 12/2022
- EIN
- 13-6077055
Organization Overview
K P & Phoebe Tsolainos Foundation Inc is located in Potomac, MD. The organization was established in 1958. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. K P & Phoebe Tsolainos 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, K P & Phoebe Tsolainos Foundation Inc generated $92.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $91.4k during the year ending 12/2022. While expenses have increased by 8.0% per year over the past 5 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 2020, K P & Phoebe Tsolainos Foundation Inc has awarded 210 individual grants totaling $348,400. 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 |
|---|---|---|---|
Stephen Jacobs Director | 2 | $0 | |
Constance Karageorgis Sec/director | 2 | $0 | |
Basilia Karageorgis Pres/dir | 2 | $0 | |
Elaine Jansen Treas/dir | 5 | $0 | |
Theresa Jansen Asst Tr/dir | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $173 |
| Dividends & Interest | $48,784 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,718 |
| Capital Gain Net Income | $43,718 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $92,675 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $707 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $4,400 |
| Contributions, gifts, grants paid | $87,000 |
| Total expenses and disbursements | $91,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,636 |
| Savings and temporary cash investments | $39,613 |
| 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 | $131,087 |
| 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, K P & Phoebe Tsolainos Foundation Inc has awarded $87,000 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGETOWN UNIV (MEM SCHOLARSHIP) PURPOSE: GENERAL PURPOSES | $15,000 |
ST DEMETRIOS GREEK ORTHODOX CHURCH PURPOSE: GENERAL PURPOSES | $11,000 |
GEORGETOWN UNIV (COPLEY CRYPT) PURPOSE: GENERAL PURPOSES | $10,000 |
GEORGETOWN UNIV (CAMPUS MINISTRY) PURPOSE: GENERAL PURPOSES | $7,000 |
Annandale, VA PURPOSE: GENERAL PURPOSES | $3,500 |
HELO INC (HAITI) PURPOSE: GENERAL PURPOSES | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
Head & Heart Foundation Tr Wilmington, DE | $258,907,072 | $16,871,801 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |
Joseph And Marion Wesley Family Foundation Philadelphia, PA | $658,173 | $9,365,078 |
National Minority Quality Forum Inc Washington, DC | $4,852,871 | $11,649,230 |
Arete Foundation Philadelphia, PA | $69,704,325 | $5,927,114 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
Independence Blue Cross Foundation Philadelphia, PA | $149,853,954 | $24,274,350 |
Robert H Smith Family Foundation Arlington, VA | $10,315,724 | -$3,599,936 |