Joe And Pamela Kay Foundation
- Assets
- $7.6m
- Revenue
- $908.7k
- Investments
- $7.6m
- Employees
- 0
- Location
- Rochester, MI
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 84-2302048
Organization Overview
Joe And Pamela Kay Foundation is located in Rochester, MI. The organization was established in 2019. According to its NTEE Classification (T30) the organization is classified as: Public 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. Joe And Pamela Kay 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, Joe And Pamela Kay Foundation generated $908.7k 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 (28.9%) each year.
Since 2020, Joe And Pamela Kay Foundation has awarded 40 individual grants totaling $1,936,000. 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 |
|---|---|---|---|
Joseph Kowalczyk President/director | 5 | $0 | |
Pamela Pitchford Secretary/director | 5 | $0 | |
Dorothea Predoehl Treasurer/director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $282,357 |
| Interest on Savings | $0 |
| Dividends & Interest | $93,909 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $532,408 |
| Capital Gain Net Income | $532,408 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $908,674 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $616 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41,420 |
| Total operating and administrative expenses | $54,341 |
| Contributions, gifts, grants paid | $404,000 |
| Total expenses and disbursements | $458,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,676 |
| 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 | $7,552,957 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,625,633 |
| 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, Joe And Pamela Kay Foundation has awarded $404,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BEYOND BASICS PURPOSE: GENERAL SUPPORT | $50,000 |
BIRMINGHAM BLOOMFIELD ART CENTER PURPOSE: GENERAL SUPPORT | $5,000 |
BRILLIANT DETRIOT PURPOSE: GENERAL SUPPORT | $10,000 |
DETROIT GOODFELLOWS PURPOSE: GENERAL SUPPORT | $50,000 |
DETROIT PUBLIC TELEVISION PURPOSE: GENERAL SUPPORT | $10,000 |
FORGOTTEN HARVEST PURPOSE: GENERAL SUPPORT | $50,000 |