Klipper Family Foundation
- Assets
- $7.5m
- Revenue
- $496.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Woodbury, NY
- Founding
- 09/2013
- Data as of
- 12/2023
- EIN
- 37-6549440
Organization Overview
Klipper Family Foundation is located in Woodbury, NY. The organization was established in 2013. 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. Klipper 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, Klipper Family Foundation generated $496.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $267.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Klipper Family Foundation has awarded 271 individual grants totaling $2,740,705. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitchell S Klipper Settlor | 0 | $0 | |
Rosemarie Klipper Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $494,370 |
| Interest on Savings | $22,482 |
| Dividends & Interest | $135,934 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$156,229 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $496,557 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,135 |
| Taxes | $3,359 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $275 |
| Total operating and administrative expenses | $6,769 |
| Contributions, gifts, grants paid | $260,275 |
| Total expenses and disbursements | $267,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,743 |
| Savings and temporary cash investments | $1,187,804 |
| 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 | $6,231,188 |
| Total assets | $7,477,735 |
| 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, Klipper Family Foundation has awarded $260,275 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF RAMBAM PURPOSE: DONATION | $4,000 |
AMERICAN FRIENDS OF MAGEN DAVID PURPOSE: DONATION | $15,000 |
AMERICAN JOINT DISTRIBUTION COMMITT PURPOSE: DONATION | $1,000 |
CITYMEALS ON WHEELS PURPOSE: DONATIONS | $1,000 |
COALITION FOR THE HOMELESS PURPOSE: DONATIONS | $1,000 |
BIRTHRIGHT ISRAEL FOUNDATION PURPOSE: DONATION | $11,000 |