Kirchgessner Vision Foundation
- Assets
- $18.2m
- Revenue
- $1.3m
- Investments
- $17.6m
- Employees
- 0
- Location
- Sherman Oaks, CA
- Founding
- 03/2003
- Data as of
- 06/2023
- EIN
- 68-0530356
Organization Overview
Kirchgessner Vision Foundation is located in Sherman Oaks, CA. The organization was established in 2003. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Kirchgessner Vision 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 06/2023, Kirchgessner Vision Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Kirchgessner Vision Foundation has awarded 167 individual grants totaling $3,227,212. 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 |
|---|---|---|---|
Michael Kramer President/director | 10 | $51,000 | |
Kathleen Mcgrath Kramer Vp/treasurer/secretary | 10 | $52,000 | |
Elizabeth Murray Director | 1 | $3,500 | |
Ralph Bliquez Director | 1 | $0 | |
Thomas C Lee MD Director | 1 | $2,500 | |
Natalie Fleming Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $396,044 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $867,877 |
| Capital Gain Net Income | $867,877 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,265,921 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $116,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,018 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $22,302 |
| Printing and publications | $0 |
| Other expenses | $11,775 |
| Total operating and administrative expenses | $393,371 |
| Contributions, gifts, grants paid | $764,851 |
| Total expenses and disbursements | $1,158,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $614,327 |
| 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 | $18,223,646 |
| Accounts payable and accrued expenses | $21,947 |
| 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 | $11,629 |
| Total liabilities | $33,576 |
Grants Awarded
Over the last fiscal year, Kirchgessner Vision Foundation has awarded $764,851 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: GENERAL PROGRAM SUPPORT | $151 |
ARTSUPLA PURPOSE: TO SUPPORT SOME OF ARTSUP! LA'S PRODUCTION COSTS AND PROVIDE REHEARSAL AND PERFORMANCE STIPENDS FOR THE PERFORMERS IN THEATRE BY THE BLIND, FILM BY THE BLIND, AND REX & FRIENDS. THESE STIPENDS COMPENSATE THE PARTICIPANTS FOR THEIR TIME AND PROVIDE THEM WITH MUCH-NEEDED ADDITIONAL INCOME THAT ASSISTS WITH INDEPENDENCE AND SELF-SUFFICIENCY. | $20,000 |
BEYOND BLINDNESS FORMERLY KNOWN AS BLIND CHILDREN'S LEARNING CENTER PURPOSE: TO EXPAND ITS LOW VISION CLINIC AND COMMUNITY-WIDE VISION SCREENINGS. | $45,000 |
BLIND CHILDREN'S CENTER PURPOSE: FOR GENERAL OPERATING SUPPORT AT THE CENTER DURING THE UPCOMING 2023/2024 SCHOOL YEAR. | $40,000 |
BRAILLE INSTITUTE PURPOSE: FOR SUPPORT OF THE INSTITUTES CHILD DEVELOPMENT PROGRAM IN LOS ANGELES AND ORANGE COUNTIES DURING ITS 2023 FISCAL YEAR. | $35,000 |
CALIFORNIA COMMUNITY FOUNDATION PURPOSE: TO WORK WITH CCF TO SUPPORT VISION-RELATED PROJECTS IN THE GREATER LOS ANGELES AREA | $123,000 |