Kvistad Foundation
- Assets
- $1.6m
- Revenue
- $20.5k
- Investments
- $7.9k
- Employees
- 0
- Location
- Olivebridge, NY
- Founding
- 05/1989
- Data as of
- 12/2022
- EIN
- 14-1702791
Organization Overview
Kvistad Foundation is located in Olivebridge, NY. The organization was established in 1989. 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. Kvistad 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, Kvistad Foundation generated $20.5k 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 (18.6%) each year. All expenses for the organization totaled $97.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kvistad Foundation has awarded 578 individual grants totaling $401,060. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS CONCERT SERIES IN AND AROUND NEW YORK'S HUDSON VALLEY INCLUDING THE MAVERICK CONCERT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Herrick-Kvistad President | 1 | $0 | |
Garry Kvistad Treas/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,968 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,482 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,450 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9 |
| Depreciation | $1,235 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,233 |
| Total operating and administrative expenses | $2,477 |
| Contributions, gifts, grants paid | $94,770 |
| Total expenses and disbursements | $97,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,633 |
| Savings and temporary cash investments | $1,557,474 |
| 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 | $26,950 |
| Other assets | $0 |
| Total assets | $1,606,907 |
| 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, Kvistad Foundation has awarded $94,770 in support to 85 organizations.
| Grant Recipient | Amount |
|---|---|
ASHOKAN CENTER PURPOSE: COMMUNITY CULTURE | $500 |
ANIMAL KIND PURPOSE: ANIMAL WELFARE | $2,000 |
ARM OF THE SEA THEATER PURPOSE: PERFORMING ARTS | $500 |
ARS CHORALIS PURPOSE: SUPPORT OF THE ARTS | $600 |
ASPCA PURPOSE: HUMANITARIAN RELIEF | $1,000 |
ARTS SOCIETY OF KINGSTON PURPOSE: COMMUNITY CULTURE | $300 |