Kurtz Family Foundation Inc
- Assets
- $3.4m
- Revenue
- $978.3k
- Investments
- $3.2m
- Employees
- 0
- Location
- Alpine, NJ
- Founding
- 03/1997
- Data as of
- 12/2022
- EIN
- 22-3479749
Organization Overview
Kurtz Family Foundation Inc is located in Alpine, NJ. The organization was established in 1997. 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. Kurtz Family 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, Kurtz Family Foundation Inc generated $978.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 52.6% each year . All expenses for the organization totaled $173.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Kurtz Family Foundation Inc has awarded 147 individual grants totaling $1,326,600. 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 |
|---|---|---|---|
David Kurtz President | 0.25 | $0 | |
Carol Kurtz Secretary | 0.25 | $0 | |
Jillian Temkin Trustee | 0.25 | $0 | |
Daniel Kurtz Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $816,192 |
| Interest on Savings | $0 |
| Dividends & Interest | $77,657 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,476 |
| Capital Gain Net Income | $84,476 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $978,325 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $371 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $33,226 |
| Contributions, gifts, grants paid | $140,600 |
| Total expenses and disbursements | $173,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,724 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $5,031 |
| 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 | $3,394,093 |
| 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 | $132,000 |
| Total liabilities | $132,000 |
Grants Awarded
Over the last fiscal year, Kurtz Family Foundation Inc has awarded $140,600 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
AMERICAN HEART ASSOCIATION INC PURPOSE: GENERAL SUPPORT | $1,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: GENERAL SUPPORT | $3,600 |
AMERICAN LIBRARY ASSOCIATION PURPOSE: GENERAL SUPPORT | $1,000 |
AMERICAN UNION OF BEIRUT PURPOSE: GENERAL SUPPORT | $2,500 |
ANTI DEFPRMATION LEAGUE PURPOSE: GENERAL SUPPORT | $2,500 |