Henry L Kimelman Family Foundation
- Assets
- $13.0m
- Revenue
- $1.6m
- Investments
- $12.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 10/2014
- Data as of
- 12/2023
- EIN
- 66-6012547
Organization Overview
Henry L Kimelman Family Foundation is located in Wilmington, DE. The organization was established in 2014. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Henry L Kimelman Family Foundation 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, Henry L Kimelman Family Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Henry L Kimelman Family Foundation has awarded 951 individual grants totaling $11,934,458. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan K Edwards Sec, Trustee | 2 | $12,000 | |
Donald Kimelman Trustee, Pres | 4 | $30,000 | |
John D Kimelman Treas, Trustee | 2 | $12,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oppenheimer & Co Inc | 12/30/23 | $89,586 |
Foundation Source | 12/30/23 | $58,484 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,198 |
| Dividends & Interest | $322,048 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,218,274 |
| Capital Gain Net Income | $1,218,227 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $102,995 |
| Total Revenue | $1,646,515 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,365 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,717 |
| Printing and publications | $0 |
| Other expenses | $70,548 |
| Total operating and administrative expenses | $286,216 |
| Contributions, gifts, grants paid | $2,547,500 |
| Total expenses and disbursements | $2,833,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $592,061 |
| 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 | $2,174,800 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,026,680 |
| 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, Henry L Kimelman Family Foundation has awarded $2,547,500 in support to 153 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF MUSIC OF PHILADELPHIA INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
A BETTER BALANCE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
ACADEMY OF VOCAL ARTS PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
ALL KINGS PROJECT INC PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
ARS NOVA THEATER I INC PURPOSE: GENERAL & UNRESTRICTED | $12,500 |