Yosef And Carmela Klein Family Foundation
- Assets
- $19.2m
- Revenue
- $18.1m
- Investments
- $1.2m
- Employees
- 0
- Location
- Northridge, CA
- Founding
- 10/2011
- Data as of
- 12/2023
- EIN
- 45-6456325
Organization Overview
Yosef And Carmela Klein Family Foundation is located in Northridge, CA. The organization was established in 2011. 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. Yosef And Carmela Klein Family 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, Yosef And Carmela Klein Family Foundation generated $18.1m in total revenue. All expenses for the organization totaled $129.2k during the year ending 12/2023. While expenses have increased by 2.6% 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, Yosef And Carmela Klein Family Foundation has awarded 94 individual grants totaling $1,091,631. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE GRANT MAKING IDENTIFYING AND SUPPORTING VARIOUS COMMUNITY BASED ORGANIZATIONS THAT PROMOTE EDUCATION, SCIENTIFIC RESEARCH, CARE FOR THE SICK, AGED, OR HOMELESS, RAISING MEDICAL STANDARDS, PROMOTE AND AID IN MENTAL, MORAL, INTELLECTUAL OR PHYSICAL IMPROVEMENT, ENCOURAGE, AND PROMOTE PUBLIC APPRECIATION OF LITERATURE, MUSIC PAINTING, AND OTHER FINE ARTS, PROMOTE CONSERVATION OF WILDLIFE, PROMOTE PUBLIC SAFETY, EFFORTS TO FIGHT CRIME AND IMPROVE CRIMINAL JUDICIAL SYSTEM. THESE ACTIVITIES CONSTITUTE 100% OF THE FOUNDATION'S ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yosef Klein President | 0.5 | $0 | |
Carmela Klein Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $62,416 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,062,415 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $466 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $764 |
| Total operating and administrative expenses | $4,210 |
| Contributions, gifts, grants paid | $125,000 |
| Total expenses and disbursements | $129,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,119 |
| Savings and temporary cash investments | $18,000,000 |
| 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 | $1,204,372 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,205,491 |
| 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, Yosef And Carmela Klein Family Foundation has awarded $125,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
PEF ISRAEL ENDOWMENT FUNDS INC PURPOSE: GENERAL SUPPORT | $50,000 |
GERMAN SHEPHERD RESCUE OF ORANGE PURPOSE: GENERAL SUPPORT | $15,000 |
WESTSIDE GERMAN SHEPHERD RESCUE PURPOSE: GENERAL SUPPORT | $15,000 |
THE LONE SOLDIER CENTER PURPOSE: GENERAL SUPPORT | $5,000 |
JGIVE FRIEND PURPOSE: GENERAL SUPPORT | $30,000 |
MAAGALIM COMMUNITY CIRCLES PURPOSE: GENERAL SUPPORT | $10,000 |