Kleinmuntz Family Foundation
- Assets
- $602.8k
- Revenue
- $400.4k
- Investments
- $583.4k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 83-2881080
Organization Overview
Kleinmuntz Family Foundation is located in Chicago, IL. The organization was established in 2019. 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. Kleinmuntz 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, Kleinmuntz Family Foundation generated $400.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $100.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kleinmuntz Family Foundation has awarded 22 individual grants totaling $671,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Kleinmuntz President & Dir | 1 | $0 | |
Don Kleinmuntz Sec Treas & Dir | 2 | $0 | |
Frederic Tannenbaum Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,198 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $133,235 |
| Capital Gain Net Income | $133,235 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $400,433 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $289 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $57 |
| Printing and publications | $0 |
| Other expenses | $741 |
| Total operating and administrative expenses | $1,237 |
| Contributions, gifts, grants paid | $99,500 |
| Total expenses and disbursements | $100,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $659 |
| Savings and temporary cash investments | $18,686 |
| 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 | $602,765 |
| 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, Kleinmuntz Family Foundation has awarded $99,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIV OF CHICAGO LABORATORY SCHOOL PURPOSE: FINANCIAL AID TO STUDENTS BASED ON NEED. | $45,000 |
INST FOR OPER RESEARCH AND MGMT SCI PURPOSE: DECISION ANALYSIS JOURNAL PUBLICATION AWARD ENDOWMENT | $14,500 |
NORTHWESTERN MEMORIAL FOUNDATION PURPOSE: SUPPORT FOR CENTER FOR COMPREHENSIVE SPINE HEALTH | $25,000 |
RONALD MCDONALD HOUSE CHICAGO PURPOSE: GENERAL SUPPORT OF CHARITABLE PROGRAMS FOR FAMILIES OF CHILDREN REQUIRING ACCESS TO HEALTHCARE | $5,000 |
SPERTUS INSTITUTE PURPOSE: SUPPORT OF EDUCATIONAL PROGRAMS AND FINANCIAL AID | $10,000 |