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.
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 |
|---|---|---|---|
Gregory C Yadley ESQ Director | 0 | $0 | |
Beverly L Koski Vice President | 0 | $0 | |
Robert C Koski Treasurer | 0 | $0 | |
Christine L Koski 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 |
|---|---|
THE HERMITAGE ARTIST RETREAT PURPOSE: SUPPORT THE HERMITAGE ARTIST RETREAT - UNDERWRITE TWO KENNEDY CENTER RESIDENCES $20,000COLLABRATIVE INITIATIVE $30,000 | $50,000 |
DARTMOUTH COLLEGE PURPOSE: SUPPORT DARTMOUTH SCHOLARSHIPS | $5,000 |
EDUCATIONAL FOUNDATION OF SARASOTA PURPOSE: THIRD OF THREE YEAR PLEDGE--STUDENT SUCCESS PROGRAM | $30,000 |
SUNCOAST SCIENCE CENTER INC PURPOSE: FIRST OF TWO YEAR PLEDGE--STUDENT PROPOSALS AND EDUCATION COMMITTEE | $10,000 |
BOYS GIRLS CLUB OF SARASOTA PURPOSE: GREAT FUTURES SUMMER ACADEMY | $20,000 |
ASOLO THEATRE COMPANY FSU PURPOSE: FUND FOR NEW AUDIENCES | $50,000 |