Koski Family Foundation Inc
- Assets
- $3.6m
- Revenue
- -$383.5k
- Investments
- $3.3m
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 04/1998
- Data as of
- 11/2022
- EIN
- 65-0764285
Organization Overview
Koski Family Foundation Inc is located in Sarasota, FL. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Koski Family 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 11/2022, Koski Family Foundation Inc generated -$383.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $438.2k during the year ending 11/2022. While expenses have increased by 0.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Koski Family Foundation Inc has awarded 78 individual grants totaling $1,235,692. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THIS FOUNDATION IS NOT A PRIVATE OPERATING FOUNDATION. ITS SOLE CHARITABLE ACTIVITY IS TO MAKE CONTRIBUTIONS TO PUBLIC CHARITABLE ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert C Koski Treasurer | 0 | $0 | |
Christine L Koski Director | 0 | $0 | |
Beverly L Koski Vice President | 0 | $0 | |
Gregory C Yadley ESQ Director | 0 | $0 | |
Thomas L Koski President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $634 |
| Dividends & Interest | $16,569 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$402,548 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,889 |
| Total Revenue | -$383,456 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,959 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $669 |
| Total operating and administrative expenses | $68,698 |
| Contributions, gifts, grants paid | $369,500 |
| Total expenses and disbursements | $438,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,086 |
| Savings and temporary cash investments | $321,409 |
| 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 | $443,514 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,632,794 |
| 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, Koski Family Foundation Inc has awarded $369,500 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ASOLO THEATRE COMPANY FSU PURPOSE: FUND FOR NEW AUDIENCES | $50,000 |
Englewood, FL PURPOSE: SUPPORT THE HERMITAGE ARTIST RETREAT - UNDERWRITE TWO KENNEDY CENTER RESIDENCES $20,000COLLABRATIVE INITIATIVE $30,000 | $50,000 |
Sarasota, FL PURPOSE: THIRD OF THREE YEAR PLEDGE--STUDENT SUCCESS PROGRAM | $30,000 |
SARASOTA ORCHESTRA PURPOSE: SUPPORT SARASOTA ORCHESTRA'S YOUTH ORCHESTRA PROGRAM | $25,000 |
Sarasota, FL PURPOSE: THIRD OF THREE YEAR PLEDGE--EDUCATION AND OUTREACH | $25,000 |
Tampa, FL PURPOSE: SECOND OF FIVE YEAR PLEDGE--ENGINEERING 2+2 PROGRAM | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jaeb Center For Health Research Inc Tampa, FL | $6,686,378 | $30,945,662 |
Sterling Co Gadsden, AL | $10,506,531 | $30,737,112 |
Operation Hope Inc Atlanta, GA | $42,513,861 | $45,427,739 |
Academy For Classical Education Inc Macon, GA | $50,470,204 | $22,703,116 |
Big Bend Hospice Inc Tallahassee, FL | $18,913,144 | $24,736,579 |
Second Wind Programs Inc Birmingham, AL | $5,585,002 | $12,560,505 |
New Mission Systems Inc Ft Myers, FL | $7,483,097 | $11,126,012 |
Deerwood Country Club Inc Jacksonville, FL | $10,155,508 | $6,981,612 |
Archbold Expeditions Inc Venus, FL | $92,397,695 | $5,182,964 |
Reach Up Inc Tampa, FL | $1,690,303 | $4,995,945 |
Reading Edge Academy Inc Debary, FL | $6,200,470 | $4,846,330 |
Deus Spes Mea Foundation Inc Miami, FL | $23,770,835 | $1,843,877 |