Kahlert Foundation Inc
- Assets
- $91.7m
- Revenue
- $18.5m
- Investments
- $79.1m
- Employees
- 0
- Location
- Sykesville, MD
- Founding
- 08/1993
- Data as of
- 06/2023
- EIN
- 52-1798711
Organization Overview
Kahlert Foundation Inc is located in Sykesville, MD. The organization was established in 1993. 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. Kahlert Foundation 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 06/2023, Kahlert Foundation Inc generated $18.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $19.9m during the year ending 06/2023. While expenses have increased by 6.6% per year over the past 8 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, Kahlert Foundation Inc has awarded 1,191 individual grants totaling $118,889,447. 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 |
|---|---|---|---|
Greg W Kahlert President | 30 | $125,000 | |
Roberta S Kahlert Director | 1 | $0 | |
Heather K Kahlert Executive Vice President | 30 | $209,715 | |
Harold W Walsh Executive Vice President | 1 | $0 | |
Ronald F Tutrone MD Director | 1 | $0 | |
James D Stone Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
T Rowe Price Associates Inc | 6/29/23 | $100,707 |
Brown Advisory Incorporated | 6/29/23 | $54,053 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $225,617 |
| Dividends & Interest | $768,309 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,477,147 |
| Capital Gain Net Income | $17,477,147 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17 |
| Total Revenue | $18,471,090 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $531,871 |
| Other employee salaries and wages | $72,628 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $267,461 |
| Depreciation | $667 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $37,932 |
| Printing and publications | $0 |
| Other expenses | $35,547 |
| Total operating and administrative expenses | $1,152,694 |
| Contributions, gifts, grants paid | $18,760,163 |
| Total expenses and disbursements | $19,912,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,827,285 |
| Savings and temporary cash investments | $5,515,997 |
| 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 | $263,336 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,009 |
| Other assets | $0 |
| Total assets | $91,738,193 |
| 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, Kahlert Foundation Inc has awarded $18,760,163 in support to 184 organizations.
| Grant Recipient | Amount |
|---|---|
5 FOR THE FIGHT FOUNDATION PURPOSE: TO SUPPORT 5 FOR THE FIGHT CANCER RESEARCH INTERNSHIP | $200,000 |
ALS ASSOCIATION - DCMDVA CHAPTER PURPOSE: TO SUPPORT CERTIFIED TREATMENT CENTER OF EXCELLENCE AT JOHNS HOPKINS MEDICINE | $115,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: TO SUPPORT ACCELERATING RESEARCH AND MAXIMIZING CARE & SUPPORT FOR ALL AFFECTED | $100,000 |
AMERICAN CORPORATE PARTNERS PURPOSE: TO SUPPORT ACP VETERAN MENTORING PROGRAM | $100,000 |
AMERICAN HEART ASSOCIATION PURPOSE: TO SUPPORT HEART HEALTHY KIDS AND LIFESAVERS | $100,000 |
AMERICAN RED CROSS IN UTAH PURPOSE: TO FUND FORD TRANSIT CONNECT VEHICLES | $50,000 |