Co Tua R & J Kott Memorial Char
- Assets
- $30.8m
- Revenue
- $1.1m
- Investments
- $29.7m
- Employees
- 0
- Location
- Oak Park, IL
- Founding
- 11/2005
- Data as of
- 11/2023
- 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 11/2023, Co Tua R & J Kott Memorial Char generated $1.1m 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 (6.8%) each year. All expenses for the organization totaled $1.7m during the year ending 11/2023. 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 149 individual grants totaling $7,184,214. 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
2023
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 | $97,066 | |
Michael S Kott Co-Trustee | 5 | $48,496 | |
Craig Lusthoff Co-Trustee | 5 | $48,496 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $873,913 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $198,613 |
| Capital Gain Net Income | $198,613 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,072,526 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $194,058 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,907 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,560 |
| Total operating and administrative expenses | $322,010 |
| Contributions, gifts, grants paid | $1,400,000 |
| Total expenses and disbursements | $1,722,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $795,890 |
| 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 | $317,968 |
| Total assets | $30,834,770 |
| 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 $1,400,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
AGEOPTIONS PURPOSE: SUPPORT | $40,000 |
AGING CARE CONNECTIONS PURPOSE: SUPPORT | $40,000 |
ILLINOIS SAINT ANDREW SOCIETY OF THE SOCITTISH OLD PEOPLES HOME PURPOSE: SUPPORT | $35,250 |
CASA CENTRAL SOCIAL SERVICES CORP PURPOSE: SUPPORT | $35,000 |
CENTER FOR DISABILITY & ELDER LAW PURPOSE: SUPPORT | $70,000 |
CENTER OF CONCERN PURPOSE: SUPPORT | $25,000 |