Fritz And Adelaide Kauffmann Foundation Inc
- Assets
- $1.4m
- Revenue
- $469.5k
- Investments
- $1.4m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 01/2000
- Data as of
- 06/2024
- EIN
- 22-3689518
Organization Overview
Fritz And Adelaide Kauffmann Foundation Inc is located in West Palm Beach, FL. The organization was established in 2000. 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. Fritz And Adelaide Kauffmann 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 06/2024, Fritz And Adelaide Kauffmann Foundation Inc generated $469.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $936.4k during the year ending 06/2024. While expenses have increased by 2.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Fritz And Adelaide Kauffmann Foundation Inc has awarded 359 individual grants totaling $4,556,050. 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 |
|---|---|---|---|
Elliot M Hershberg President | 25 | $0 | |
Theodore N Mirvis Secretary | 1 | $0 | |
Harry Epstein Chief Financial Officer | 0.5 | $0 | |
Karen Hershberg Director | 1 | $0 | |
Julie Hershberg Director | 1 | $0 | |
Lisa Striar Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,557 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $433,907 |
| Capital Gain Net Income | $433,907 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $50 |
| Total Revenue | $469,514 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $152 |
| Taxes | $8,857 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $34,654 |
| Contributions, gifts, grants paid | $901,700 |
| Total expenses and disbursements | $936,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,762 |
| Savings and temporary cash investments | $0 |
| 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 | $425,526 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,411,646 |
| 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, Fritz And Adelaide Kauffmann Foundation Inc has awarded $901,700 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
OLD OAK CHARITY FOUNDATION PURPOSE: GENERAL TAX EXEMPT PURPOSES | $1,000 |
OLD OAK CHARITY FOUNDATION PURPOSE: GENERAL TAX EXEMPT PURPOSES | $500 |
THE LUSTGARTEN FOUNDATION PURPOSE: GENERAL TAX EXEMPT PURPOSES | $1,500 |
NYU LANGONE PURPOSE: GENERAL TAX EXEMPT PURPOSES | $25,000 |
PAVE THE WAY PURPOSE: GENERAL TAX EXEMPT PURPOSES | $50,000 |
THE NAVY SEAL MUSEUM PURPOSE: GENERAL TAX EXEMPT PURPOSES | $5,000 |