Kaab Memorial Foundation Inc
- Assets
- $15.1m
- Revenue
- $2.0m
- Investments
- $11.9m
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 84-3972172
Organization Overview
Kaab Memorial Foundation Inc is located in Greenville, SC. The organization was established in 2020. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Kaab Memorial 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, Kaab Memorial Foundation Inc generated $2.0m 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 (48.8%) each year.
Since 2020, Kaab Memorial Foundation Inc has awarded 20 individual grants totaling $1,430,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Biancamano President & Director | 30 | $0 | |
Karen Bates Director | 5 | $0 | |
Laura Bates Director | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $262,518 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,621,463 |
| Capital Gain Net Income | $1,619,709 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $128,087 |
| Total Revenue | $2,012,068 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,281 |
| Depreciation | $0 |
| Occupancy | $36,794 |
| Travel, conferences, and meetings | $4,785 |
| Printing and publications | $0 |
| Other expenses | $175,773 |
| Total operating and administrative expenses | $252,645 |
| Contributions, gifts, grants paid | $680,000 |
| Total expenses and disbursements | $932,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,136,083 |
| 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 | $3,248,650 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,078,675 |
| 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, Kaab Memorial Foundation Inc has awarded $680,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: SUPPORT | $150,000 |
THE V FOUNDATION FOR CANCER RESEARCH PURPOSE: SUPPORT | $100,000 |
Dublin, OH PURPOSE: SUPPORT | $75,000 |
San Jose, CA PURPOSE: SUPPORT | $50,000 |
MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: SUPPORT | $50,000 |
New York, NY PURPOSE: SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wnc Bridge Foundation Asheville, NC | $146,559,840 | $12,380,465 |
The Savannah Community Foundation Inc Savannah, GA | $54,173,792 | $9,998,384 |
The Giving Kitchen Initiative Inc Atlanta, GA | $5,202,127 | $3,829,430 |
Kermit G Phillips Ii Charitable Tr Greensboro, NC | $71,515,607 | $5,235,464 |
Troon Foundation Elon, NC | $48,656,909 | $2,507,639 |
Frances P Bunnelle Foundation Pawleys Island, SC | $50,346,506 | $4,044,110 |
Glass Family Foundation Inc Asheville, NC | $24,447,807 | $3,179,935 |
Speedway Childrens Charities Concord, NC | $415,792 | $1,752,353 |
Carlson Family Foundation Inc Chapel Hill, NC | $18,562,081 | $1,116,272 |
Driven Brands Charitable Foundation Charlotte, NC | $405,466 | $1,435,404 |
Little Kings And Queens Inc Buford, GA | $180,816 | $1,313,209 |
Dabos All In Team Clemson, SC | $184,953 | $1,368,395 |