Michael & Karen Bukiet Foundation
- Assets
- $139.1k
- Revenue
- $13.8k
- Investments
- $132.6k
- Employees
- 0
- Location
- Clifton, NJ
- Founding
- 01/2001
- Data as of
- 12/2023
- EIN
- 22-3767799
Organization Overview
Michael & Karen Bukiet Foundation is located in Clifton, NJ. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Michael & Karen Bukiet 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 12/2023, Michael & Karen Bukiet Foundation generated $13.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $12.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Michael & Karen Bukiet Foundation has awarded 110 individual grants totaling $105,910. 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 |
|---|---|---|---|
Michael Bukiet Trustee | 0 | $0 | |
Karen Bukiet Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $62 |
| Dividends & Interest | $3,806 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,903 |
| Capital Gain Net Income | $9,903 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,771 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3 |
| Total operating and administrative expenses | $203 |
| Contributions, gifts, grants paid | $12,190 |
| Total expenses and disbursements | $12,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,483 |
| 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 | $31,780 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $71 |
| Total assets | $139,143 |
| 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, Michael & Karen Bukiet Foundation has awarded $12,190 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
UJA FEDERATION OF NORTH JERSEY PURPOSE: CHARITABLE | $10,000 |
THE METROPOLITAN MUSEUM OF ART PURPOSE: CHARITABLE | $110 |
THE MIKE GELTRUDE FOUNDATION PURPOSE: CHARITABLE | $100 |
COMMUNITY FOOD BANK PURPOSE: CHARITABLE | $300 |
CHICAGO FOOD DEPOSITORY PURPOSE: CHARITABLE | $100 |
PARK AVENUE SYNAGOGUE PURPOSE: CHARITABLE | $360 |