The Philip E And Harriet J Klein
- Assets
- $10.7m
- Revenue
- $994.9k
- Investments
- $10.6m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 03/1998
- Data as of
- 12/2022
- EIN
- 52-2046127
Organization Overview
The Philip E And Harriet J Klein is located in Baltimore, MD. The organization was established in 1998. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Philip E And Harriet J Klein 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, Philip E And Harriet J Klein generated $994.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Philip E And Harriet J Klein has awarded 243 individual grants totaling $7,051,849. 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 |
|---|---|---|---|
Michael F Klein Trustee/pres | 0.2 | $0 | |
Daniel J Klein Trtee/tr,sy | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,000 |
| Interest on Savings | $1,377 |
| Dividends & Interest | $3,648 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $248,776 |
| Capital Gain Net Income | $248,776 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $666,069 |
| Total Revenue | $994,870 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50,041 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,300 |
| Total operating and administrative expenses | $81,636 |
| Contributions, gifts, grants paid | $1,000,122 |
| Total expenses and disbursements | $1,081,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $152,269 |
| 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 | $9,608,279 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,720,049 |
| 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 Philip E And Harriet J Klein has awarded $1,000,122 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN TECHNION SOCIETY PURPOSE: GENERAL SUPPORT | $200,000 |
UNIVERSITY OF BALTIMORE FOUNDATION PURPOSE: GENERAL SUPPORT | $50,000 |
THE ASSOCIATED PURPOSE: GENERAL SUPPORT | $290,000 |
BAR ILAN PURPOSE: GENERAL SUPPORT | $30,000 |
SHORESH PURPOSE: GENERAL SUPPORT | $5,000 |
JEWISH NATIONAL FUND PURPOSE: GENERAL SUPPORT | $10,000 |