Jeanne And Richard Kaskey Foundation Inc
- Assets
- $7.7m
- Revenue
- $799.3k
- Investments
- $7.3m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-3014259
Organization Overview
Jeanne And Richard Kaskey Foundation Inc is located in Philadelphia, PA. The organization was established in 2019. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Jeanne And Richard Kaskey 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 12/2021, Jeanne And Richard Kaskey Foundation Inc generated $799.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (53.7%) each year. All expenses for the organization totaled $458.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Kitei Director/secretary | 4 | $25,000 | |
Millicent Druker Director/vice Pres&treasurer | 4 | $25,000 | |
Georganne Kitei Director/president | 4 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $227,872 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $470,663 |
| Capital Gain Net Income | $470,663 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $715 |
| Total Revenue | $799,250 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,815 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,310 |
| Total operating and administrative expenses | $148,488 |
| Contributions, gifts, grants paid | $310,000 |
| Total expenses and disbursements | $458,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $406,784 |
| 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 | $7,253,855 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,660,639 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Candid New York, NY | $88,006,038 | $55,202,801 |
Ohio Shared Information Services Inc Cincinnati, OH | $9,673,672 | $26,206,516 |
Npt Charitable Asset Tr Jenkintown, PA | $16,456,984 | $30,273,580 |
Players Philanthropy Fund Towson, MD | $12,344,741 | $23,235,628 |
Rofeh Cholim Cancer Society Inc Brooklyn, NY | $24,523,868 | $22,653,682 |
Joseph & Florence Mandel Family Foundation - Weinberg Family Fund Cleveland, OH | $181,897,996 | $22,134,878 |
Peter Schub Foundation New York, NY | $153,451 | $8,498,000 |
Queens College Special Projects Fund Inc Flushing, NY | $53,656,603 | $7,071,081 |
Global Impact Investing Network Inc New York, NY | $6,619,298 | $6,380,097 |
Fannie E Rippel Foundation Morristown, NJ | $0 | $6,091,281 |
The@joseph And Florence Mandel Family Foundation-Michele M And Cleveland, OH | $143,259,703 | $19,572,691 |
Psalms Foundation Cincinnati, OH | $2,676,117 | $10,777,846 |