Define And Muhtar Kent Educational Foundation
- Assets
- $20.1m
- Revenue
- $866.8k
- Investments
- $19.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 10/2012
- Data as of
- 12/2023
- EIN
- 45-2735138
Organization Overview
Define And Muhtar Kent Educational Foundation is located in Wilmington, DE. The organization was established in 2012. 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. Define And Muhtar Kent Educational 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, Define And Muhtar Kent Educational Foundation generated $866.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Define And Muhtar Kent Educational Foundation has awarded 198 individual grants totaling $4,468,460. 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 |
|---|---|---|---|
Cem Omer Kent Dir | 1 | $0 | |
Defne Kent Dir, Sec, Treas | 1 | $0 | |
Muhtar Kent Pres, Dir | 1 | $0 | |
Selin Ipek Kent Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,849 |
| Dividends & Interest | $698,612 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $153,351 |
| Capital Gain Net Income | $153,351 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $866,812 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61,426 |
| Total operating and administrative expenses | $158,492 |
| Contributions, gifts, grants paid | $1,103,936 |
| Total expenses and disbursements | $1,262,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $569,143 |
| 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 | $20,140,185 |
| 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, Define And Muhtar Kent Educational Foundation has awarded $1,103,936 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
A A ADIGUZEL PURPOSE: SCHOLARSHIP GRANT | $16,400 |
A E KARALAR PURPOSE: SCHOLARSHIP GRANT | $30,000 |
A ONDER PURPOSE: SCHOLARSHIP GRANT | $500 |
A EREFE PURPOSE: SCHOLARSHIP GRANT | $20,000 |
A U GULER PURPOSE: SCHOLARSHIP GRANT | $30,000 |
A UYSAL PURPOSE: SCHOLARSHIP GRANT | $10,000 |