Saks-Kavanaugh Foundation
- Assets
- $2.3m
- Revenue
- $1.0m
- Investments
- $2.2m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 45-5053368
Organization Overview
Saks-Kavanaugh Foundation is located in West Palm Beach, FL. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saks-Kavanaugh 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 12/2022, Saks-Kavanaugh Foundation generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $992.5k during the year ending 12/2022. While expenses have increased by 3.6% per year over the past 7 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 2016, Saks-Kavanaugh Foundation has awarded 37 individual grants totaling $4,902,684. 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 |
|---|---|---|---|
Betty Saks Grantor/ Co-Trustee | 0 | $0 | |
Bart Kavanaugh Grantor/ Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,611 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,312 |
| Capital Gain Net Income | $11,312 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,033,923 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,486 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $31,596 |
| Printing and publications | $0 |
| Other expenses | $6,289 |
| Total operating and administrative expenses | $142,545 |
| Contributions, gifts, grants paid | $850,000 |
| Total expenses and disbursements | $992,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,126 |
| 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 | $2,242,329 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,269,455 |
| 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, Saks-Kavanaugh Foundation has awarded $850,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WORLD BICYCLE RELIEF PURPOSE: CHARITABLE CONTRIBUTION | $75,000 |
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: CHARITABLE COMTRIBUTION | $775,000 |