Steven H Korman Family Foundation
- Assets
- $7.3m
- Revenue
- $181.7k
- Investments
- $5.6m
- Employees
- 0
- Location
- Plymouth Meeting, PA
- Founding
- 12/2010
- Data as of
- 12/2021
- EIN
- 27-3004256
Organization Overview
Steven H Korman Family Foundation is located in Plymouth Meeting, PA. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Steven H Korman Family 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 12/2021, Steven H Korman Family Foundation generated $181.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $649.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Steven H Korman Family Foundation has awarded 58 individual grants totaling $8,312,073. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,298 |
| Dividends & Interest | $183,039 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,677 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30 |
| Total Revenue | $181,690 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $43,767 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,145 |
| Total operating and administrative expenses | $63,837 |
| Contributions, gifts, grants paid | $585,634 |
| Total expenses and disbursements | $649,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,662,407 |
| 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 | $7,284,620 |
| 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, Steven H Korman Family Foundation has awarded $1,557,301 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: CENTER FOR COMMUNITY ENGAGEMENT | $800,000 |
Philadelphia, PA PURPOSE: CENTER FOR COMMUNITY ENGAGEMENT | $200,000 |
THE PENNSYLVANIA STATE UNIVERSITY PURPOSE: PROMISE AND OPEN DOORS SCHOLARSHIP | $127,967 |
MANNA PURPOSE: CENTER FOR CULINARY MEDICINE | $100,000 |
THE PENNSYLVANIA STATE UNIVERSITY PURPOSE: PROMISE SCHOLARSHIPS | $80,000 |
PHILADELPHIA ZOO PURPOSE: CHEETAH PLAY STRUCTURE | $80,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |