Thomas D Klingenstein Fund
- Assets
- $7.7m
- Revenue
- $1.2m
- Investments
- $7.5m
- Employees
- 0
- Location
- Cranbury, NJ
- Founding
- 03/2005
- Data as of
- 12/2023
- EIN
- 20-1450695
Organization Overview
Thomas D Klingenstein Fund is located in Cranbury, NJ. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Thomas D Klingenstein Fund 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 12/2023, Thomas D Klingenstein Fund generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $10.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Thomas D Klingenstein Fund has awarded 410 individual grants totaling $51,296,986. 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 |
|---|---|---|---|
Thomas D Klingenstein President/treasurer | 0.25 | $0 | |
Andrew D Klingenstein Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $504,293 |
| Interest on Savings | $2,263 |
| Dividends & Interest | $437,870 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $285,679 |
| Capital Gain Net Income | $285,679 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,230,105 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $231,917 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33,664 |
| Depreciation | $4,938 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $43,406 |
| Printing and publications | $0 |
| Other expenses | $118,040 |
| Total operating and administrative expenses | $1,021,784 |
| Contributions, gifts, grants paid | $9,725,135 |
| Total expenses and disbursements | $10,746,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,537 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $30,000 |
| 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 | $107,352 |
| Total assets | $7,677,735 |
| Accounts payable and accrued expenses | $20,500 |
| 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 | $20,500 |
Grants Awarded
Over the last fiscal year, Thomas D Klingenstein Fund has awarded $9,725,135 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
7 LAKES ALLIANCE PURPOSE: GENERAL OPERATING SUPPORT | $125,000 |
AMERICAN COMPASS PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
AMERICAN LEGION OAKLAND PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
AMERICAN MOMENT PURPOSE: GENERAL OPERATING SUPPORT | $150,000 |
AMERICAN PRINCIPLES FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $1,004,549 |
AMERICAN VICARIOUS PURPOSE: GENERAL OPERATING | $100,084 |