Kumin Foundation
- Assets
- $602.9k
- Revenue
- $16.4k
- Investments
- $584.6k
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 11/2006
- Data as of
- 12/2022
- EIN
- 20-3388611
Organization Overview
Kumin Foundation is located in Anchorage, AK. The organization was established in 2006. 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. Kumin 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, Kumin Foundation generated $16.4k 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 (8.6%) each year. All expenses for the organization totaled $41.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kumin Foundation has awarded 17 individual grants totaling $146,197. 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 |
|---|---|---|---|
Bram Wiley Trustee | 0 | $0 | |
Elizabeth Kumin Trustee | 0 | $0 | |
Leah Kumin Trustee | 0 | $0 | |
Linda Kumin Trustee | 0 | $0 | |
James Kumin Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,109 |
| Interest on Savings | $613 |
| Dividends & Interest | $5,858 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,842 |
| Capital Gain Net Income | $29 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,422 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $62 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,573 |
| Contributions, gifts, grants paid | $32,700 |
| Total expenses and disbursements | $41,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $18,361 |
| 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 | $584,580 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $602,940 |
| 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, Kumin Foundation has awarded $32,700 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ANCHORAGE PARK FOUNDATION PURPOSE: IMPROVING TRAILS & PARKS | $1,000 |
CATHOLIC SOCIAL SERVICES RAIS PURPOSE: REFUGEE ASSIST & IMMIGRATION SERVICE | $6,000 |
ALASKA SEALIFE CENTER PURPOSE: OPERATIONAL COSTS | $165 |
KATMAI CONSERVANCY PURPOSE: OPERATIONAL COSTS | $165 |
ANCHORAGE OPERA COMPANY PURPOSE: OPERATIONAL COSTS | $25,370 |