Steven H Korman Family Foundation
- Assets
- $7.3m
- Revenue
- $507.7k
- Investments
- $5.1m
- Employees
- 0
- Location
- Plymouth Meeting, PA
- Founding
- 12/2010
- Data as of
- 12/2022
- 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 12/2022, Steven H Korman Family Foundation generated $507.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (31.6%) each year. All expenses for the organization totaled $517.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Steven H Korman Family Foundation has awarded 72 individual grants totaling $8,804,234. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27,816 |
| Dividends & Interest | $143,781 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $336,057 |
| Capital Gain Net Income | $336,057 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $507,654 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,219 |
| Total operating and administrative expenses | $25,719 |
| Contributions, gifts, grants paid | $492,161 |
| Total expenses and disbursements | $517,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,152,486 |
| 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 | $7,274,394 |
| 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 $492,161 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
MANNA PURPOSE: CENTER FOR CULINARY MEDICINE | $20,000 |
RUTGERS UNIVERSITY FOUNDATION PURPOSE: SEEDLING AND SAGE - PRE GALA LUNCHEON | $500 |
THE PENNSYLVANIA STATE UNIVERSITY PURPOSE: OPEN DOORS SCHOLARSHIP | $50,000 |
THOMAS JEFFERSON UNIVERSITY PURPOSE: CENTER FOR COMMUNITY ENGAGEMENT | $10,000 |
RUTGERS UNIVERSITY FOUNDATION PURPOSE: WHIMSIGAL BALLOONS - PRE GALA DECORATIONS | $1,245 |
THE PENNSYLVANIA STATE UNIVERSITY PURPOSE: PROMISE SCHOLARSHIP | $80,000 |