Joan And Mike Kahn Family Foundation
- Assets
- $6.5m
- Revenue
- $437.1k
- Investments
- $6.5m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-7303349
Organization Overview
Joan And Mike Kahn Family Foundation is located in Raleigh, NC. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Joan And Mike Kahn 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 12/2021, Joan And Mike Kahn Family Foundation generated $437.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $485.7k during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 6 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, Joan And Mike Kahn Family Foundation has awarded 57 individual grants totaling $2,049,736. 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
2021
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 |
|---|---|---|---|
Joan Kahn Trustee | 5 | $0 | |
Douglas Kahn Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,375 |
| Dividends & Interest | $193,966 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $208,716 |
| Capital Gain Net Income | $208,716 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,077 |
| Total Revenue | $437,134 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,576 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,568 |
| Total operating and administrative expenses | $21,544 |
| Contributions, gifts, grants paid | $464,163 |
| Total expenses and disbursements | $485,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,240 |
| 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 | $6,479,093 |
| 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, Joan And Mike Kahn Family Foundation has awarded $464,163 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: TO THE MICHAEL EISENSTADT FELLOWSHIP AND GENERAL PURPOSE | $150,000 |
WIZO USA PURPOSE: ENDOWMENT FUND FOR DAVID KAHN SPORTS CENTER | $115,000 |
DUKE UNIVERSITY NASHER MUSEUM PURPOSE: SCULPTURE GARDEN | $100,000 |
New York, NY PURPOSE: GENERAL PURPOSE | $35,000 |
NEW YORK PHILHARMONIC PURPOSE: GENERAL PURPOSE | $30,000 |
Raleigh, NC PURPOSE: SUPPORT FOR PAYMENT OF NEW EXEC DIRECTOR AND GENERAL PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
E&ss Foundation Inc Atlanta, GA | $118,157,057 | $264,264,546 |
Durham Realty Inc Durham, NC | $66,578,409 | $21,835,955 |
Healthcare Georgia Foundation Inc Atlanta, GA | $145,422,542 | $18,331,596 |
Kanuga Endowment Inc Hendersonville, NC | $0 | $539,404 |
United Jewish Charities Of Greater Charlotte Inc Charlotte, NC | $8,151,447 | $4,750,352 |
Rally Foundation Inc Atlanta, GA | $9,445,133 | $7,328,050 |
Adira Foundation Richmond, VA | $46,085 | $190,912 |
Educational Facilities Corporationfor Lexington School District No 2 West Columbia, SC | $17,713,387 | $2,158,056 |
American Institute Of Certified Public Accountants Foundation Durham, NC | $13,346,405 | $1,363,179 |
New Vision Research Mt Pleasant, SC | $135,395 | $1,251,782 |
The Beirne Carter Foundation Richmond, VA | $25,189,504 | $3,003,577 |
The Triad Health Project Greensboro, NC | $661,078 | $1,457,249 |