J M Kaplan Fund Inc
- Assets
- $173.7m
- Revenue
- $9.2m
- Investments
- $160.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1950
- Data as of
- 12/2021
- EIN
- 13-6090286
Organization Overview
J M Kaplan Fund Inc is located in New York, NY. The organization was established in 1950. 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. J M Kaplan Fund 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 12/2021, J M Kaplan Fund Inc generated $9.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $12.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, J M Kaplan Fund Inc has awarded 1,269 individual grants totaling $31,416,329. 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
2021
Describe the Organization's Program Activity:
THE INNOVATION PRIZE BRINGS THE AWARDEES TOGETHER FOR TWO CONVENINGS EACH YEAR. EACH OF THESE MEETINGS, SPOTLIGHTING A DIFFERENT AWARDEE'S ORGANIZATION, OFFERS OPPORTUNITIES FOR PEER LEARNING AND MENTORING FROM EXPERTS IN ORGANIZATIONAL DEVELOPMENT, BOARD CULTIVATION, MEDIA COACHING, LEADERSHIP TRAINING, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Freitag Secretary And Executive Director | 40 | $298,500 | |
William Falahee Director Of Finance | 40 | $167,500 | |
Angela Carabine Grants Administrator | 40 | $117,100 | |
Elizabeth Wolffe Program Director | 40 | $86,458 | |
Ann Birckmayer Office Administrator | 35 | $77,000 | |
Jack Carlile Office Assistant | 40 | $50,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Social Strategy Associates Inc | 12/30/21 | $132,050 |
Prime Bucholz | 12/30/21 | $114,979 |
Brandywine Management Co | 12/30/21 | $126,821 |
William Raynolds | 12/30/21 | $102,781 |
Anthony Wood | 12/30/21 | $78,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $811 |
| Dividends & Interest | $1,327,883 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,855,024 |
| Capital Gain Net Income | $6,398,602 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37,057 |
| Total Revenue | $9,220,775 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $355,500 |
| Other employee salaries and wages | $498,558 |
| Pension plans, employee benefits | $246,194 |
| Interest | $9,854 |
| Taxes | $132,684 |
| Depreciation | $218,992 |
| Occupancy | $385,223 |
| Travel, conferences, and meetings | $198,919 |
| Printing and publications | $0 |
| Other expenses | $1,125,971 |
| Total operating and administrative expenses | $3,789,337 |
| Contributions, gifts, grants paid | $8,687,710 |
| Total expenses and disbursements | $12,477,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $12,250,723 |
| Net Accounts receivable | $1,464 |
| 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 | $13,352 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $160,216,960 |
| Net Land, buildings, and equipment | $624,501 |
| Other assets | $565,687 |
| Total assets | $173,673,187 |
| Accounts payable and accrued expenses | $62,493 |
| Grants payable | $7,577,415 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $982,528 |
| Total liabilities | $8,622,436 |
Grants Awarded
Over the last fiscal year, J M Kaplan Fund Inc has awarded $11,153,358 in support to 500 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: MARY KAPLAN MEMORIAL ONE ACT PLAYS | $750,000 |
ECOLE FRANAISE D'ATHNES PURPOSE: RESTORATION AND DEVELOPMENT OF DWELLINGS IN THE LAKE QUARTER OF DELOS | $350,000 |
EUROPEAN CLIMATE FOUNDATION PURPOSE: CHILE AND LATIN AMERICAN PROGRAMME | $300,000 |
Birmingham, AL PURPOSE: CAPACITY BUILDING FOR ALABAMA AFRICAN AMERICAN CIVIL RIGHTS HERITAGE SITES CONSORTIUM | $250,000 |
COOP DAYTON PURPOSE: WE ARE ORGANIZING COMMUNITY- AND WORKER-OWNED COOPERATIVES THAT CENTER BLACK WORKERS, EXPAND DEMOCRATIC PARTICIPATION, AND REBUILD OUR NEIGHBORHOODS IN A DEEPLY DIVESTED RUSTBELT CITY. | $175,000 |
CAMBIUM CARBON PURPOSE: CAMBIUM CARBONS REFORESTATION HUB MODEL UPCYCLES FALLEN TREES TO NEW USE, GENERATING REVENUE TO SUPPORT FOREST RESTORATION. BY CREATING END MARKETS FOR URBAN WOOD PRODUCTS (EG. LUMBER, BIOENERGY, COMPOST) WE CATALYZE A SYSTEM OF RE-USE THAT CUTS CARBON, FUELS REPLANTING, AND SUPPORTS LOCAL ECONOMIES. SALVAGED WOOD DISPLACES | $175,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |