Kahn-Sovel-Mertz Fund
- Assets
- $442.2k
- Revenue
- $170.7k
- Investments
- $325.9k
- Employees
- 0
- Location
- Orchard Lake, MI
- Founding
- 12/2001
- Data as of
- 12/2022
- EIN
- 38-3573217
Organization Overview
Kahn-Sovel-Mertz Fund is located in Orchard Lake, MI. 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. Kahn-Sovel-Mertz Fund 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, Kahn-Sovel-Mertz Fund generated $170.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $123.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kahn-Sovel-Mertz Fund has awarded 216 individual grants totaling $452,995. 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 |
|---|---|---|---|
Alyssa Mertz President | 0 | $0 | |
Julie Mertz Webster Vice President | 0 | $0 | |
Susan Sovel Secretary | 0 | $0 | |
Susan Sovel Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $78,600 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,315 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $81,754 |
| Capital Gain Net Income | $81,754 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $170,669 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $703 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,335 |
| Total operating and administrative expenses | $6,638 |
| Contributions, gifts, grants paid | $116,434 |
| Total expenses and disbursements | $123,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $116,283 |
| 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 | $442,208 |
| 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, Kahn-Sovel-Mertz Fund has awarded $116,434 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
CHANNEL 56 PUBLIC TELEVISION PURPOSE: GENERAL FUND CONTRIBUTION | $750 |
ADAT SHALOM SYNAGOGUE PURPOSE: GENERAL FUND CONTRIBUTION | $31,693 |
CANTORS ASSEMBLY PURPOSE: GENERAL FUND CONTRIBUTION | $1,800 |
DETROIT JEWISH NEWS FOUNDATION PURPOSE: GENERAL FUND CONTRIBUTION | $1,000 |
DOWNTOWN SYSAGOGUE PURPOSE: GENERAL FUND CONTRIBUTION | $2,000 |
DETROIT INSTITUTE OF ARTS PURPOSE: GENERAL FUND CONTRIBUTION | $2,050 |