Kowitz Family Foundation
- Assets
- $890.0k
- Revenue
- $12.6k
- Investments
- $861.9k
- Employees
- 0
- Location
- Irving, TX
- Founding
- 08/1998
- Data as of
- 12/2023
- EIN
- 75-2707561
Organization Overview
Kowitz Family Foundation is located in Irving, TX. The organization was established in 1998. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kowitz 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, Kowitz Family Foundation generated $12.6k 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 (37.9%) each year. All expenses for the organization totaled $272.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kowitz Family Foundation has awarded 17 individual grants totaling $835,654. 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 |
|---|---|---|---|
David Kowitz Trustee | 0.1 | $0 | |
Sarah Kowitz Trustee | 0.1 | $0 | |
David Kowitz President | 0.1 | $0 | |
David Kowitz Treasurer | 0.1 | $0 | |
Sarah Kowitz Secretary | 0.1 | $0 | |
Julie Kowitz Margolies Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $57 |
| Dividends & Interest | $1,801 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,992 |
| Capital Gain Net Income | $11,992 |
| Net ST Capital Gain | $2,691 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,256 |
| Total Revenue | $12,594 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,884 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,171 |
| Total operating and administrative expenses | $11,563 |
| Contributions, gifts, grants paid | $261,211 |
| Total expenses and disbursements | $272,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,683 |
| Savings and temporary cash investments | $10,399 |
| 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 | $379,042 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $890,013 |
| 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, Kowitz Family Foundation has awarded $261,211 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
KOWITZ FAMILY FOUNDATION UK PURPOSE: GENERAL OPERATING FUNDS | $136,617 |
HASTINGS INTERNATIONAL PIANO COMPET PURPOSE: GENERAL OPERATING FUNDS | $50,000 |
OXFORD LIEDER PURPOSE: GENERAL OPERATING FUNDS | $50,193 |
MUSEUMSVEREIN ACHEN PURPOSE: GENERAL OPERATING FUNDS | $21,801 |
US FRIENDS OF HASTINGS PURPOSE: GENERAL OPERATING FUNDS | $100 |
BIG BROTHERS BIG SISTERS OF NY CITY PURPOSE: GENERAL OPERATING FUNDS | $2,500 |