Co Tua R & J Kott Memorial Char
- Assets
- $31.5m
- Revenue
- $949.4k
- Investments
- $31.0m
- Employees
- 0
- Location
- Oak Park, IL
- Founding
- 11/2005
- Data as of
- 11/2022
- EIN
- 59-7229565
Organization Overview
Co Tua R & J Kott Memorial Char is located in Oak Park, IL. The organization was established in 2005. 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. Co Tua R & J Kott Memorial Char 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 11/2022, Co Tua R & J Kott Memorial Char generated $949.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.9%) each year. All expenses for the organization totaled $1.8m during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Co Tua R & J Kott Memorial Char has awarded 117 individual grants totaling $5,784,214. 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
THE ORGANIZATION SOLELY MAKES CONTRIBUTIONS AND GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS. NO DIRECT CHARITABLE ACTIVITIES ARE CONDUCTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oak Park River Forest Commfoundatio Co-Trustee | 20 | $102,148 | |
Craig Lusthoff Co-Trustee | 5 | $51,075 | |
Michael S Kott Co-Trustee | 5 | $51,075 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $843,947 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $105,459 |
| Capital Gain Net Income | $105,459 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $949,406 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $204,298 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $86,775 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $407,102 |
| Contributions, gifts, grants paid | $1,399,570 |
| Total expenses and disbursements | $1,806,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $151,868 |
| 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 | $320,980 |
| Total assets | $31,499,816 |
| 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, Co Tua R & J Kott Memorial Char has awarded $1,399,570 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
Oak Park, IL PURPOSE: SUPPORT | $312,570 |
River Forest, IL PURPOSE: SUPPORT | $160,000 |
Chicago, IL PURPOSE: SUPPORT | $75,000 |
Chicago, IL PURPOSE: SUPPORT | $70,000 |
LITTLE SISTERS OF THE POOR PURPOSE: SUPPORT | $65,000 |
Mequon, WI PURPOSE: SUPPORT | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Motorola Solutions Foundation Chicago, IL | $427,877 | $12,200,078 |
The Walsh Foundation Chicago, IL | $179,756,510 | $18,008,076 |
Herbert Simon Family Foundation Indianapolis, IN | $26,075,189 | $9,696,254 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |
Saul Zaentz Charitable Foundation Glenview, IL | $31,204,978 | $8,995,660 |
The John And Kathleen Schreiber Foundation Lake Forest, IL | $89,899,268 | $85,376,815 |