Harold And Patricia Korell Foundation
- Assets
- $3.6m
- Revenue
- $915.0
- Investments
- $3.4m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 02/2012
- Data as of
- 12/2023
- EIN
- 27-1507283
Organization Overview
Harold And Patricia Korell Foundation is located in Houston, TX. The organization was established in 2012. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Harold And Patricia Korell 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, Harold And Patricia Korell Foundation generated $915.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (42.3%) each year. All expenses for the organization totaled $33.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Harold And Patricia Korell Foundation has awarded 20 individual grants totaling $514,850. 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 |
|---|---|---|---|
Harold M Korell P/director | 1 | $0 | |
Patricia Korell Sec/director | 1 | $0 | |
Roger D Goddard Tre/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $915 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $915 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $34 |
| Taxes | $851 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $885 |
| Contributions, gifts, grants paid | $32,400 |
| Total expenses and disbursements | $33,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $172,501 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,550,641 |
| 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, Harold And Patricia Korell Foundation has awarded $32,400 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY CANCER FUND PURPOSE: WORK WITH CANCERORGANIZATIONS TOPROVIDE PATIENT SERVICES | $2,000 |
SAN JUAN COUNTY THEATER PURPOSE: PERFORMING ARTSVENUE | $1,000 |
SAN JUAN ISLAND SCHOOL DISTRICT PURPOSE: PRE-SCHOOLSTART-UP EXPENSE | $9,400 |
COLORADO SCHOOL OF MINES PURPOSE: PUBLIC RESEARCHUNIVERSITY | $10,000 |
UNIVERSITY OF WASHINGTON NORTHWEST AIRLIFT PURPOSE: DONATION TOORGANIZATION'SGENERAL FUND | $5,000 |
PEACE HEALTH FOUNDATIONS PURPOSE: DONATION TOORGANIZATION'S GENERAL FUND | $5,000 |