Kurt B Karmin Family Foundation
- Assets
- $1.0m
- Revenue
- -$99.7k
- Investments
- $397.9k
- Employees
- 0
- Location
- Evanston, IL
- Founding
- 03/1967
- Data as of
- 12/2023
- EIN
- 36-6148874
Organization Overview
Kurt B Karmin Family Foundation is located in Evanston, IL. The organization was established in 1967. 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. Kurt B Karmin 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.
Since 2015, Kurt B Karmin Family Foundation has awarded 123 individual grants totaling $875,588. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lonny Karmin Secretary | 0 | $0 | |
Katherine Karmin Shafer Director | 0 | $0 | |
Kenneth Karmin Director | 0 | $0 | |
Peter Karmin Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $9,004 |
| Dividends & Interest | $29,952 |
| Net Rental Income | $4 |
| Net Gain on Sale of Assets | -$238,142 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$512 |
| Total Revenue | -$99,694 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,934 |
| Total operating and administrative expenses | $5,219 |
| Contributions, gifts, grants paid | $85,315 |
| Total expenses and disbursements | $90,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $646,265 |
| 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 | $1,044,184 |
| 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 | $13,110 |
| Total liabilities | $13,110 |
Grants Awarded
Over the last fiscal year, Kurt B Karmin Family Foundation has awarded $85,315 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
WTTW PURPOSE: CHARITABLE PURPOSE | $365 |
NATIONAL AUDOBON SOCIETY PURPOSE: CHARITABLE PURPOSE | $150 |
LAKE SHORE CC ED FUND PURPOSE: CHARITABLE PURPOSE | $1,500 |
GI RESEARCH FDN PURPOSE: CHARITABLE PURPOSE | $20,000 |
CHICAGO SYMPHONY ORCHESTRA PURPOSE: CHARITABLE PURPOSE | $5,500 |
EVANSTON WILMETTE GOLF ASSOCIATION PURPOSE: CHARITABLE PURPOSE | $12,500 |