Nelson And Beverly Kornstein Foundation Inc
- Assets
- $9.4k
- Revenue
- $50.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Clark, NJ
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 61-1907885
Organization Overview
Nelson And Beverly Kornstein Foundation Inc is located in Clark, NJ. The organization was established in 2019. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Nelson And Beverly Kornstein 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 12/2023, Nelson And Beverly Kornstein Foundation Inc generated $50.1k in total revenue.
Since 2020, Nelson And Beverly Kornstein Foundation Inc has awarded 45 individual grants totaling $136,500. 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
MEMOMRIAL SLOAN KETTERING
PARTNERS IN HEALTH
INTERNATIONAL RESCUE COMMITTEE
FAMILY PROMISE INC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen J Kornstein Trustee | 5 | $0 | |
Spook Handy Trustee | 1 | $0 | |
Christopher Hoffman Trustee | 1 | $0 | |
Fern Cammy Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $127 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,127 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31 |
| Total operating and administrative expenses | $781 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $50,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,391 |
| 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 | $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 | $0 |
| Total assets | $9,391 |
| 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, Nelson And Beverly Kornstein Foundation Inc has awarded $50,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
PARTNERS IN HEALTH PURPOSE: PROVIDE HEALTHCARE IN THIRD WORLDCOUNTRIES | $6,000 |
MEMORIAL SLOAN KETTERING PURPOSE: CANCER RESEARCH | $11,000 |
FAMILY PROMISE PURPOSE: PROVIDE SUPPORTFOR FAMILIES IN NEED | $5,000 |
PROJECT ZAWADI PURPOSE: PROVIDES EDUCATIONAL MATERIAL FOR STUDENTSIN TANZANIA | $2,000 |
COMMUNITY FOOD BANK PURPOSE: FOOD BANK | $5,000 |
LEGACY OF HOPE PURPOSE: HELPS FINANCIALLY STRESSED CANCERPATIENTS | $1,000 |