Kowalski Family Foundation
- Assets
- $648.5k
- Revenue
- $435.1k
- Investments
- $596.8k
- Employees
- 0
- Location
- Kinnelon, NJ
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 46-4096085
Organization Overview
Kowalski Family Foundation is located in Kinnelon, NJ. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kowalski 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 12/2022, Kowalski Family Foundation generated $435.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $711.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Kowalski Family Foundation has awarded 21 individual grants totaling $5,896,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Kowalski Trustee | 1 | $0 | |
Barbara D Kowalski Trustee | 1 | $0 | |
Amanda Kowalski Trustee | 1 | $0 | |
Adam Kowalski Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $502,732 |
| Interest on Savings | $1,748 |
| Dividends & Interest | $6,844 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$76,260 |
| Capital Gain Net Income | $703,500 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $435,064 |
| 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 | $0 |
| Total operating and administrative expenses | $9,773 |
| Contributions, gifts, grants paid | $702,000 |
| Total expenses and disbursements | $711,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $51,611 |
| 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 | $94,112 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $648,455 |
| 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, Kowalski Family Foundation has awarded $702,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF PENNYSLVANIA PURPOSE: GENERAL SUPPORT | $625,000 |
SAVE VENICE PURPOSE: GENERAL SUPPORT | $62,000 |
CONSERVATION LANDS FOUNDATION PURPOSE: GENERAL SUPPORT | $15,000 |