Khoury Family Foundation Inc
- Assets
- $3.5m
- Revenue
- $111.0k
- Investments
- $3.5m
- Employees
- 0
- Location
- High Springs, FL
- Founding
- Data as of
- 12/2023
- EIN
- 84-3367170
Organization Overview
Khoury Family Foundation Inc is located in High Springs, FL. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Khoury Family 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 12/2023, Khoury Family Foundation Inc generated $111.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (35.2%) each year. All expenses for the organization totaled $238.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Khoury Family Foundation Inc has awarded 41 individual grants totaling $544,466. 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 |
|---|---|---|---|
Dr Peter H Khoury Chairman | 3 | $0 | |
Marie Polifrone President | 3 | $0 | |
John Khoury Director | 1.5 | $0 | |
Richard Farrell Director | 1.5 | $0 | |
Michael Polifrone Director | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $104 |
| Dividends & Interest | $92,110 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,748 |
| Capital Gain Net Income | $18,748 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $110,962 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,414 |
| Printing and publications | $0 |
| Other expenses | $1,115 |
| Total operating and administrative expenses | $28,529 |
| Contributions, gifts, grants paid | $210,041 |
| Total expenses and disbursements | $238,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,430 |
| 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 | $3,537,960 |
| 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, Khoury Family Foundation Inc has awarded $210,041 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CADE MUSEUM (CATALYST CAMPAIGN) PURPOSE: THE CADE MUSEUM FOR CREATIVITY AND INVENTION IS A MUSEUM FOR ALL AGES THAT FUELS CURIOUSITY, ENCOURAGES THE ACQUISITION OF KNOWLEDGE, AND TEACHES ESSENTIAL TECHNOLOGY SKILLS. | $25,000 |
DANCE ALIVE (ENCORE SOCIETY) PURPOSE: FINANCIAL SUPPORT OF DANCE ALIVE'S MISSION TO ENRICH HUMANITY BY SUSTAINING A PROFESSIONAL BALLET COMPANY OF THE HIGHEST CALIBER WHICH STRIVES FOR EXCELLENCE IN THE FIELDS OF ARTISTIC CREATIVITY, PERFORMANCE, EDUCATION AND COMMUNITY LEADERSHIP. | $10,000 |
HEART OF HIGH SPRINGS (WALL DOG PROJECT) PURPOSE: DONATION IN SUPPORT OF THE 2023 WALL DOG GATHERING IN HIGH SPRINGS, FL. THIS IS A NON-PROFIT GROUP WHO ARE COMPRISED OF TALENTED SIGN ARTISTS AND CHOOSE ONE LUCKY TOWN EACH YEAR TO TRANSFORM WITH 5-10 WALL ART PROJECTS FOCUSSED ON THE HISTORY OF THE TOWN. | $25,000 |
PORT GIBSON UMC (BUILDING FUND) PURPOSE: CONTRIBUTION TO THE BUILDING FUND FOR THE PORT GIBSON UNITED METHODIST CHURCH AS THE CHURCH IS IN NEED OF A NEW ROOF. THIS IS A RURAL FARMING COMMUNITY IN THE CENTRAL NEW YORK STATE REGION. THE CHURCH IS A CENTER FOR YOUTH ACTIVITIES AND FELLOWSHIP. | $25,000 |
PRIVATE GRANT PURPOSE: A GRANT WAS MADE TO HELP SUPPLY FOOD AND UTILITIES DURING THE WINTER MONTHS FOR A FAMILY ON SOCIAL ASSISTANCE. BOTH THE FATHER AND DAUGHTER ARE MENTALLY CHALLENGED. THE DAUGHTER'S YOUNG SON IS GETTING WEEKLY THERAPY FOR VERBAL AND MOTOR SKILLS. THE FUNDS ALSO ARE BEING USED FOR TRANSPORTATION FOR HIS APPOINTMENTS | $5,000 |
PRIVATE GRANT - PURPOSE: A GRANT WAS MADE TO REPLACE THE TRANSMISSION ON A 4X4 DIESEL TRUCK USED BY AN EXTENDED FAMILY (3 GENERATION) WHO LIVE BELOW THE POVERTY LEVEL AND IN A REMOTE LOCATION. THEY ARE FULLY DEPENDANT ON THIS AS A MEANS FOR TRANSPORTATION (GROCERIES, DOCTORS, SUPPLIES). SNOW BELT AREA OF NY. | $5,000 |