Kassel-Backer Fam Foundation
- Assets
- $428.2k
- Revenue
- $94.8k
- Investments
- $385.6k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 11/2005
- Data as of
- 12/2022
- EIN
- 22-6966562
Organization Overview
Kassel-Backer Fam Foundation is located in Brooklyn, NY. The organization was established in 2005. 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. Kassel-Backer Fam 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, Kassel-Backer Fam Foundation generated $94.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $313.2k during the year ending 12/2022. While expenses have increased by 6.2% per year over the past 4 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 2020, Kassel-Backer Fam Foundation has awarded 53 individual grants totaling $1,017,300. 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 A Backer Trustee | 0.5 | $0 | |
Terry Kassel Trustee | 0.5 | $0 | |
Stephen Backer Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $988 |
| Dividends & Interest | $7,169 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $86,681 |
| Capital Gain Net Income | $86,681 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,838 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $21 |
| Taxes | $2,328 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,603 |
| Total operating and administrative expenses | $13,952 |
| Contributions, gifts, grants paid | $299,263 |
| Total expenses and disbursements | $313,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,187 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $484 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $428,224 |
| 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, Kassel-Backer Fam Foundation has awarded $299,263 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ROMEMU CENTER PURPOSE: TO HELP JEWS AND NON-JEWS CONNECT TO THEIR SOUL AND CREATOR AND LIVE AN ELEVATED LIFE THROUGH TEACHINGS OF JUDAISM, SHABBAT SERVICES, MUSIC, PRAYER TORAH LEARNING AND OPPORTUNITIES TO CONNECT WITH SPIRITUAL LEADERS | $100,000 |
STEPHEN WISE FREE SYNAGOGUE PURPOSE: TO PROVIDE COMPREHENSIVE AND CONTINUING EDUCATION FOR CHILDREN AND ADULTS IN JEWISH HISTORY,OBSERVANCE, BELIEFS, CULTURE AND THE HEBREW LANGUAGE | $3,319 |
PROSPECT PARK ALLIANCE PURPOSE: TO STORE, DEVELOP AND OPERATE PROSPECT PARK FOR THE ENJOYMENT OF ALL BY CARING FOR THE NATURAL ENVIRONMENT, PRESERVING HISTORIC DESIGN AND SERVING THE PUBLIC THROUGH FACILITIES AND PROGRAMS | $5,160 |
PALM BEACH SYNAGOGUE PURPOSE: TO PROVIDE A CENTER OF JEWISH LIFE AND ACTIVITY OFFERING UNIQUE PROGRAMS IN JEWISH EDUCATION AND COMMUNAL LIFE, YOUTH ACTIVITIES, HOLIDAY SERVICES AND CELEBRATIONS | $144 |
WBGO RADIO PURPOSE: TO EDUCATE, ENTERTAIN AND INSPIRE THE PUBLIC BY PROVIDING UNIQUE ACCESS AND OPPORTUNITY TO DISCOVER THE HIGHEST QUALITY JAZZ, BLUES, RHYTHM AND BLUES AND SPOKEN WORD PROGRAMMING | $1,200 |
MONTCLAIR ART MUSEUM PURPOSE: TO COLLECT , PRESERVE AND PRESENT AMERICAN AND NATIVE AMERICAN ART BY EXHIBITION AND EDUCATIONAL PROGRAMS | $20,000 |