Kite Family Foundation
- Assets
- $575.9k
- Revenue
- $85.3k
- Investments
- $541.0k
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 84-2255662
Organization Overview
Kite Family Foundation is located in Cincinnati, OH. The organization was established in 2019. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., 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. Kite 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 12/2021, Kite Family Foundation generated $85.3k 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 (43.1%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E Kite Jr President | 1 | $0 | |
Suzanne P Hollman Kite Secretary | 1 | $0 | |
Carolyn S Kite Vice President | 1 | $0 | |
Shane M Kite Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $65,279 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,346 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,713 |
| Capital Gain Net Income | $9,713 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $85,338 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $694 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $5,396 |
| Contributions, gifts, grants paid | $22,000 |
| Total expenses and disbursements | $27,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,967 |
| Savings and temporary cash investments | $0 |
| 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 | $575,922 |
| 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, Kite Family Foundation has awarded $22,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Cincinnati, OH PURPOSE: GENERAL SUPPORT | $2,000 |
CINCINNATI CHILDREN'S MENTAL HEALTH PURPOSE: GENERAL SUPPORT | $2,000 |
MATTHEW 25 MINISTRIES PURPOSE: GENERAL SUPPORT | $2,000 |
LIGHTHOUSE YOUTH & FAMILY SERVICES PURPOSE: GENERAL SUPPORT | $2,000 |
THE SALVATION ARMY-CINCINNATI PURPOSE: PROJECT/PROGRAM SUPPORT | $1,000 |
Montgomery, AL PURPOSE: PROJECT/PROGRAM SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bread & Roses Community Fund Philadelphia, PA | $8,957,531 | $3,374,785 |
La Plaza Inc Indianapolis, IN | $9,386,247 | $2,714,930 |
Weiser Family Foundation Ann Arbor, MI | $11,876,991 | $9,009,221 |
Tr Uw Otto Luedeking Cincinnati, OH | $12,193,885 | $1,246,255 |
Otto B Schoepfle Charitable Trust 4749 Columbus, OH | $4,261,232 | $304,580 |
Russell Family Foundation Detroit, MI | $6,643,849 | $196,791 |
St Thomas Aquinas Foundation Inc Cincinnati, OH | $418,091 | $247,916 |
Community Agency Building Corporation Inc Seymour, IN | $657,344 | $165,627 |
Flora Richardson Foundation Inc Chesterton, IN | $2,221,729 | $253,785 |
Salubrious Foundation Inc State College, PA | $204,309 | $50,000 |
Community Impact Partners Traverse City, MI | $19,279 | $0 |
Monroe County Historical Association Endowment 005783 Stroudsburg, PA | $1,253,296 | $53,465 |