Kanaan Family Foundation
- Assets
- $1.1m
- Revenue
- $420.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Portage, MI
- Founding
- 10/2004
- Data as of
- 12/2023
- EIN
- 32-0121980
Organization Overview
Kanaan Family Foundation is located in Portage, MI. The organization was established in 2004. 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. Kanaan 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 12/2023, Kanaan Family Foundation generated $420.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 56.0% each year . All expenses for the organization totaled $11.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Kanaan Family Foundation has awarded 61 individual grants totaling $323,100. 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.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shadia A Kanaan Director/president | 0.5 | $0 | |
Azzam S Kanaan Deceased 332021 Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30,225 |
| Dividends & Interest | $515 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $389,492 |
| Capital Gain Net Income | $389,492 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $420,232 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,125 |
| Total operating and administrative expenses | $1,125 |
| Contributions, gifts, grants paid | $10,500 |
| Total expenses and disbursements | $11,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,771 |
| Savings and temporary cash investments | $1,058,507 |
| 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 | $1,063,278 |
| 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, Kanaan Family Foundation has awarded $10,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ARAB AMERICAN INSTITUTE PURPOSE: GENERAL DONATION | $500 |
INSTITUTE FOR PALESTINE STUDIES PURPOSE: GENERAL DONATION | $1,000 |
KALAMAZOO ISLAMIC CENTER PURPOSE: GENERAL DONATION | $2,000 |
KING BAUDOUIN FOUNDATION PURPOSE: TURKEY & SYRIA EARTHQUAKE RESPONSE FUND | $5,000 |
THE ELECTRONIC INTIFADA PURPOSE: GENERAL DONATION | $1,000 |
UNITED PALESTINIAN APPEAL PURPOSE: GENERAL DONATION | $1,000 |