Norman & Elaine Polsky Family Charitable Foundation
- Assets
- $2.9m
- Revenue
- $116.5k
- Investments
- $2.7m
- Employees
- 0
- Location
- Overland Park, KS
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 48-1232337
Organization Overview
Norman & Elaine Polsky Family Charitable Foundation is located in Overland Park, KS. The organization was established in 2000. 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. Norman & Elaine Polsky Family Charitable 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, Norman & Elaine Polsky Family Charitable Foundation generated $116.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $245.2k during the year ending 12/2022. While expenses have increased by 7.0% per year over the past 5 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 2020, Norman & Elaine Polsky Family Charitable Foundation has awarded 108 individual grants totaling $564,500. 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 -- ALL CHARITABLE CONTRIBUTIONS WERE CASH CONTRIBUTIONS PAID DIRECTLY TO THE CHARITABLE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Salazar Co-Trustee | 0.1 | $0 | |
Laurence Polsky Co-Trustee | 0.1 | $0 | |
Steven Polsky Co-Trustee | 0.1 | $0 | |
Karen Polsky Kent Co-Trustee | 0.1 | $0 | |
Ellen Ginsburg Polsky Co-Trustee | 0.1 | $0 | |
Autumn Kent Desimone Co-Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $70,763 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,767 |
| Capital Gain Net Income | $45,767 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $116,530 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,028 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65 |
| Total operating and administrative expenses | $32,164 |
| Contributions, gifts, grants paid | $213,000 |
| Total expenses and disbursements | $245,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,192 |
| Savings and temporary cash investments | $100,371 |
| 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 | $1,934,530 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,927 |
| Total assets | $2,858,906 |
| 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, Norman & Elaine Polsky Family Charitable Foundation has awarded $213,000 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
Alexandria, VA PURPOSE: PROVIDE GRANTS TO CHARITABLE ORGANIZATIONS | $30,000 |
Overland Park, KS PURPOSE: BRING DIGNITY, CHOICE, COMPASSION AND CARE TO ELDERS DURING THEIR LIVES AND LIFE TRANSITIONS. | $25,000 |
JEWISH FAMILY SERVICES OF GREATER KANSAS CITY PURPOSE: JEWISH CHAPLAINCY PROGRAM AND FOOD PANTRY | $14,000 |
JEWISH FEDERATION OF GREATER KANSAS CITY PURPOSE: RELIGIOUS, EDUCATIONAL AND CHARITABLE PURPOSE OF TAX EXEMPT ORGANIZATIONRELIGIOUS, EDUCATIONAL AND CHARITABLE PURPOSE OF TAX EXEMPT ORGANIZATION | $13,000 |
CONGREGATION BETH SHALOM PURPOSE: RELIGIOUS, EDUCATIONAL AND CHARITABLE PURPOSE OF TAX EXEMPT ORGANIZATION | $12,000 |
Aspen, CO PURPOSE: COMMITMENT TO RIGOROUS ACADEMICS, CREATIVE ARTS, AND OUTDOOR EDUCATION WHICH IGNITES CURIOSITY, CONFIDENCE AND CRITICAL THINKING. ENCOURAGE STUDENTS TO STRIVE FOR INDIVIDUAL EXCELLENCE AND INSTILLS IN THEM A LIFELONG LOVE OF LEARNING, SENSE OF PURPOSE AND RESPONSIBLE CITIZENSHIP | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |
Ssb Charitable Foundation Colorado Springs, CO | $10,867,168 | $21,135,487 |
Joseph W Craft Iii Foundation Tulsa, OK | $111,776,138 | $19,434,208 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
The Cielo Foundation Boulder, CO | $91,518,762 | $7,665,188 |