Herb Kohl Educational Foundation Inc
- Assets
- $133.4k
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 03/1990
- Data as of
- 12/2021
- EIN
- 39-1661743
Organization Overview
Herb Kohl Educational Foundation Inc is located in Milwaukee, WI. The organization was established in 1990. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Herb Kohl Educational Foundation Inc 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 12/2021, Herb Kohl Educational Foundation Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 41.7% each year . All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 33.7% per year over the past 4 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 2020, Herb Kohl Educational Foundation Inc has awarded 1,915 individual grants totaling $9,906,983. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE FOUNDATION ANNUALLY AWARDS $10,000 SCHOLARSHIPS TO APPROXIMATELY 200 STUDENTS AND DISTRIBUTES $6,000 AWARDS TO 100 TEACHERS, AND 100 SCHOOLS IN WISCONSIN, AND ALSO
PROVIDES FUNDING FOR THE WISCONSIN TEACHER OF THE YEAR AWARD. IN ADDITION, THE FOUNDATION MAY MAKE CONTRIBUTIONS TO VARIOUS CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Herbert H Kohl President/director | 1 | $0 | |
Charles Pruitt Director | 0 | $0 | |
Joanne Anton Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,326,704 |
| Interest on Savings | $66 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $179,648 |
| Total Revenue | $3,506,418 |
| 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 | $84,290 |
| Total operating and administrative expenses | $88,910 |
| Contributions, gifts, grants paid | $3,463,821 |
| Total expenses and disbursements | $3,552,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,385 |
| 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 | $0 |
| Total assets | $133,385 |
| 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, Herb Kohl Educational Foundation Inc has awarded $3,463,821 in support to 665 organizations.
| Grant Recipient | Amount |
|---|---|
KABBY HONG PURPOSE: 2021 FELLOW AND TEACHER OF THE YEAR | $15,000 |
UNIVERSITY OF CHICAGO PURPOSE: 2021 EXCELLENCE | $10,000 |
UNIVERSITY OF WISCONSIN - MADISON PURPOSE: 2021 EXCELLENCE | $10,000 |
UNIVERSITY OF WISCONSIN - MADISON PURPOSE: 2019 EXCELLENCE | $10,000 |
UNIVERSITY OF GEORGIA PURPOSE: 2021 EXCELLENCE | $10,000 |
YALE UNIVERSITY PURPOSE: 2021 EXCELLENCE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Herb Kohl Educational Foundation Inc has recieved totaling $3,361,317.
| Awarding Organization | Amount |
|---|---|
Herbert H Kohl Charities Inc Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $1,919,376 |
Herbert H Kohl Charities Inc Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $1,330,432 |
Herbert H Kohl Charities Inc Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $39,963 |
Herbert H Kohl Charities Inc Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $33,734 |
Herbert H Kohl Charities Inc Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $19,042 |
Herbert H Kohl Charities Inc Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $14,350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |