Harry Klavan Memorial Foundation
- Assets
- $483.6k
- Revenue
- $21.7k
- Investments
- $469.1k
- Employees
- 0
- Location
- Flushing, NY
- Founding
- 05/1962
- Data as of
- 12/2023
- EIN
- 52-6054006
Organization Overview
Harry Klavan Memorial Foundation is located in Flushing, NY. The organization was established in 1962. 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. Harry Klavan Memorial 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 12/2023, Harry Klavan Memorial Foundation generated $21.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (23.5%) each year. All expenses for the organization totaled $59.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (15.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,546 |
| Dividends & Interest | $5,687 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,503 |
| Capital Gain Net Income | $11,503 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,736 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $255 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $202 |
| Total operating and administrative expenses | $12,226 |
| Contributions, gifts, grants paid | $47,290 |
| Total expenses and disbursements | $59,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,144 |
| 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 | $3,400 |
| 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 | $483,642 |
| 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, Harry Klavan Memorial Foundation has awarded $258,485 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CONGREGATION BETH CHAIM OF LA PURPOSE: RELIGION | $10,000 |
BAIS YAAKOV OF BALTIMORE PURPOSE: EDUCATIONAL | $10,000 |
MERKEZ HATORAH COMM PURPOSE: EDUCATIONAL | $10,000 |
LEV BEREL PURPOSE: CHARITABLE | $11,400 |
YESHIVA MAMAR MORDICHAI PURPOSE: RELIGION | $13,500 |
SHORESH PURPOSE: RELIGION | $12,500 |