The Klein Foundtion Inc
- Assets
- $3.6m
- Revenue
- $365.2k
- Investments
- $3.5m
- Employees
- 0
- Location
- Parsippany, NJ
- Founding
- 11/1990
- Data as of
- 06/2024
- EIN
- 52-1705026
Organization Overview
The Klein Foundtion Inc is located in Parsippany, NJ. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Klein Foundtion Inc 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 06/2024, Klein Foundtion Inc generated $365.2k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $444.3k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Klein Foundtion Inc has awarded 74 individual grants totaling $1,460,000. 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 |
|---|---|---|---|
Antoinette Geyelin Pres./treas. And Trustee | 15 | $57,500 | |
Judith Albert Vice Pres. And Trustee | 0.5 | $0 | |
Jennifer Klein Seaman Vice Pres./secretary And T | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,181 |
| Dividends & Interest | $99,252 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $256,783 |
| Capital Gain Net Income | $256,783 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $365,216 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $57,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,517 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41,203 |
| Total operating and administrative expenses | $114,320 |
| Contributions, gifts, grants paid | $330,000 |
| Total expenses and disbursements | $444,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $121,243 |
| 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 | $3,604,185 |
| 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, The Klein Foundtion Inc has awarded $330,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN MUSEUM OF NATURAL HISTORY (AKA AMNH) PURPOSE: UNRESTRICTED | $30,000 |
ALVIN AILEY DANCE FOUNDATION INC (AKA ALVIN AILEY AMERICAN DANCE THEATER) PURPOSE: UNRESTRICTED | $5,000 |
CHILDREN AID SOCIETY (AKA CHILDREN'S AID SOCIETY) PURPOSE: UNRESTRICTED | $30,000 |
BROOKLYN MUSEUM PURPOSE: UNRESTRICTED | $5,000 |
CITY HARVEST INC (AKA CITY HARVEST) PURPOSE: UNRESTRICTED | $15,000 |
DANCE THEATRE OF HARLEM INC (AKA DTH) PURPOSE: UNRESTRICTED | $5,000 |