Douglas L And Kathy J Kool Charitable Foundation
- Assets
- $1.6m
- Revenue
- $236.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 03/1993
- Data as of
- 12/2023
- EIN
- 38-3072060
Organization Overview
Douglas L And Kathy J Kool Charitable Foundation is located in Grand Rapids, MI. The organization was established in 1993. 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. Douglas L And Kathy J Kool Charitable 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, Douglas L And Kathy J Kool Charitable Foundation generated $236.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 50.4% each year . All expenses for the organization totaled $217.4k during the year ending 12/2023. While expenses have increased by 36.3% per year over the past 9 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.
Since 2015, Douglas L And Kathy J Kool Charitable Foundation has awarded 85 individual grants totaling $571,200. 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.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $81,128 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,317 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $113,130 |
| Capital Gain Net Income | $113,130 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $236,575 |
| 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 | $0 |
| Total operating and administrative expenses | $5,048 |
| Contributions, gifts, grants paid | $212,350 |
| Total expenses and disbursements | $217,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $1,588,504 |
| Total assets | $1,588,504 |
| 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, Douglas L And Kathy J Kool Charitable Foundation has awarded $212,350 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ROAD FOR RECOVERY PURPOSE: GENERAL SUPPORT | $5,000 |
PROJECT HOPE PURPOSE: GENERAL SUPPORT | $1,000 |
GUIDING LIGHT PURPOSE: GENERAL SUPPORT | $20,000 |
SECOND CHRISTIAN REFORMED PURPOSE: GENERAL SUPPORT | $10,000 |
PLYMOUTH HEIGHTS PURPOSE: GENERAL SUPPORT | $45,000 |
ICCF PURPOSE: GENERAL SUPPORT | $15,000 |