Arnold J And Irene B Kocurek Family Foundation
- Assets
- $972.7k
- Revenue
- $155.7k
- Investments
- $916.1k
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 03/1988
- Data as of
- 02/2024
- EIN
- 74-6345100
Organization Overview
Arnold J And Irene B Kocurek Family Foundation is located in Pennington, NJ. The organization was established in 1988. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Arnold J And Irene B Kocurek 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 02/2024, Arnold J And Irene B Kocurek Family Foundation generated $155.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $248.6k during the year ending 02/2024. While expenses have increased by 10.3% 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 2021, Arnold J And Irene B Kocurek Family Foundation has awarded 151 individual grants totaling $884,000. 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 |
|---|---|---|---|
Bank Of America N A Trustee | 2 | $18,564 | |
Irene Kocurek Foundation Manager | 1 | $0 | |
Karen Kocurek Foundation Manager | 1 | $0 | |
Suzanne Kocurek Foundation Manager | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,512 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $116,178 |
| Capital Gain Net Income | $116,178 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $155,690 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,564 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $55 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,619 |
| Contributions, gifts, grants paid | $230,000 |
| Total expenses and disbursements | $248,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,734 |
| Savings and temporary cash investments | $53,815 |
| 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 | $916,146 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $972,695 |
| 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, Arnold J And Irene B Kocurek Family Foundation has awarded $230,000 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
SAN ANTONIO FOOD BANK PURPOSE: GENERAL OPERATING | $10,000 |
SETON HOME PURPOSE: GENERAL OPERATING | $3,000 |
WILDLIFE RESCUE AND REHABILITATION PURPOSE: GENERAL OPERATING | $20,000 |
WINSTON SCHOOL PURPOSE: GENERAL OPERATING | $5,000 |
THE VOLUNTEER SERVICES COUNCIL PURPOSE: GENERAL OPERATING | $3,000 |
THE SALVATION ARMY PURPOSE: GENERAL OPERATING | $5,000 |