Kardos Family Foundation
- Assets
- $3.4m
- Revenue
- $183.3k
- Investments
- $3.2m
- Employees
- 0
- Location
- Lake Forest, IL
- Founding
- 12/2001
- Data as of
- 12/2023
- EIN
- 37-6371315
Organization Overview
Kardos Family Foundation is located in Lake Forest, IL. The organization was established in 2001. 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. Kardos 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, Kardos Family Foundation generated $183.3k 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 (6.6%) each year. All expenses for the organization totaled $246.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kardos Family Foundation has awarded 79 individual grants totaling $448,000. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Kardos Ttee | 7 | $0 | |
Paulette Kardos Ttee | 7 | $0 | |
Diane Kardos Kavanagh Ttee | 7 | $30,000 | |
Brian Kardos Ttee | 7 | $40,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $97,509 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $85,827 |
| Capital Gain Net Income | $85,827 |
| Net ST Capital Gain | $85,827 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $183,336 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,938 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $960 |
| Total operating and administrative expenses | $134,649 |
| Contributions, gifts, grants paid | $112,000 |
| Total expenses and disbursements | $246,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,431 |
| Savings and temporary cash investments | $151,314 |
| 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 | $85,676 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,383,542 |
| 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, Kardos Family Foundation has awarded $112,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATION OF MARIAN HELPER PURPOSE: PROVIDE ASSISTANCE TO THOSE IN NEED | $10,000 |
BOOK FRIENDS INTERNATIONAL PURPOSE: PROVIDE ASSISTANCE TO THOSE IN NEED | $3,000 |
FEED MY STARVING CHILDREN PURPOSE: PROVIDE ASSISTANCE TO THOSE IN NEED | $5,000 |
FRANCISCAN SISTERS TOR PURPOSE: PROVIDE ASSISTANCE TO THOSE IN NEED | $5,000 |
FELICIAN SISTERS PURPOSE: PROVIDE ASSISTANCE TO THOSE IN NEED | $5,000 |
GIANT STEPS ILLINOIS INC PURPOSE: PROVIDE ASSISTANCE TO THOSE IN NEED | $2,000 |