Avrum Katz Foundation
- Assets
- $5.5m
- Revenue
- $693.4k
- Investments
- $6.4m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 06/1985
- Data as of
- 12/2022
- EIN
- 34-1471066
Organization Overview
Avrum Katz Foundation is located in Cleveland, OH. The organization was established in 1985. 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. Avrum Katz 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, Avrum Katz Foundation generated $693.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $362.2k during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 8 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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 |
|---|---|---|---|
Missia H Vaselaney President | 0 | $13,500 | |
Kerry Chelm Trustee | 0 | $13,500 | |
Michael R Donaldson Trustee | 0 | $13,500 | |
Mark R Stornes Trustee | 0 | $13,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $420,591 |
| Net Rental Income | $192,354 |
| Net Gain on Sale of Assets | $72,869 |
| Capital Gain Net Income | $72,869 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,632 |
| Total Revenue | $693,446 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,000 |
| Other employee salaries and wages | $77,142 |
| Pension plans, employee benefits | $1,427 |
| Interest | $0 |
| Taxes | $31,603 |
| Depreciation | $0 |
| Occupancy | $6,750 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $104,295 |
| Total operating and administrative expenses | $297,215 |
| Contributions, gifts, grants paid | $65,000 |
| Total expenses and disbursements | $362,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,334 |
| Savings and temporary cash investments | $27,550 |
| 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 | -$1,071,346 |
| Total assets | $5,459,565 |
| 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 | $12,500 |
| Total liabilities | $12,500 |
Grants Awarded
Over the last fiscal year, Avrum Katz Foundation has awarded $96,667 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PETS FOR THE ELDERLY FOUNDATION PURPOSE: PROGRAM SUPPORT | $60,000 |
STARLIGHT FOUNDATION PURPOSE: PROGRAM SUPPORT | $36,667 |