Jack Kagan Charitable Foundation Inc
- Assets
- $3.3m
- Revenue
- $191.0k
- Investments
- $3.3m
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 03/2017
- Data as of
- 05/2024
- EIN
- 81-2847023
Organization Overview
Jack Kagan Charitable Foundation Inc is located in Coral Gables, FL. The organization was established in 2017. 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. Jack Kagan Charitable 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.
For the year ending 05/2024, Jack Kagan Charitable Foundation Inc generated $191.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $264.7k during the year ending 05/2024. While expenses have increased by 0.8% per year over the past 7 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 2018, Jack Kagan Charitable Foundation Inc has awarded 143 individual grants totaling $1,070,425. 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 |
|---|---|---|---|
Marc Kagan Secretary | 10 | $0 | |
Joel Kagan President | 10 | $0 | |
Rosalyn Ann Gellenbeck Vice President | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $161,504 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,504 |
| Capital Gain Net Income | $29,504 |
| Net ST Capital Gain | $188 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $191,008 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $1,145 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,574 |
| Printing and publications | $0 |
| Other expenses | $3,106 |
| Total operating and administrative expenses | $93,450 |
| Contributions, gifts, grants paid | $171,200 |
| Total expenses and disbursements | $264,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,435 |
| 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 | $752,889 |
| Net Land, buildings, and equipment | $4,581 |
| Other assets | $0 |
| Total assets | $3,326,059 |
| 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, Jack Kagan Charitable Foundation Inc has awarded $171,200 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
YES INSTITUTE PURPOSE: TO PREVENT SUICIDE AND ENSURE THE HEALTHY DEVELOPMENT OF ALL YOUTH | $5,000 |
CHIARI & SYRINGOMYELIA PURPOSE: TO RAISE AWARENESS FOR AND FIND A CURE FOR CHIORI MALFORMATION, SYRING MYELIA AND RELATED DISORDERS. | $5,000 |
CHILDRENS MUSEUM PURPOSE: TO MEET THE NEEDS OF ALL CHILDREN IN A MULTICULTURAL COMMUNITY | $10,200 |
23RD VETERANS PURPOSE: HELP FOR MILITARY AND VETERANS LIVING WITH TRAUMA. | $4,000 |
DREAM TREE YOUTH LEADERS FOUNDATION PURPOSE: DEDICATED TO EDUCATING YOUNG STUDENTS ABOUT COMMUNITY INVOLVEMENT AND VOLUNTEER SERVICE. | $3,000 |
CANINE COMPANIONS FOR INDEPENDENCE PURPOSE: TO PROVIDE TRAINED ASSISTANCE DOGS FOR PEOPLE WITH DISABILITIES | $6,000 |