Kaab Memorial Foundation Inc
- Assets
- $14.2m
- Revenue
- $163.9k
- Investments
- $12.0m
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 01/2020
- Data as of
- 12/2022
- 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 12/2022, Kaab Memorial Foundation Inc generated $163.9k 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 (67.7%) each year.
Since 2020, Kaab Memorial Foundation Inc has awarded 30 individual grants totaling $2,228,067. 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 | $266,102 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$109,360 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,132 |
| Total Revenue | $163,874 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $61,347 |
| Depreciation | $0 |
| Occupancy | $38,782 |
| Travel, conferences, and meetings | $20,640 |
| Printing and publications | $0 |
| Other expenses | $150,334 |
| Total operating and administrative expenses | $277,548 |
| Contributions, gifts, grants paid | $798,067 |
| Total expenses and disbursements | $1,075,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,200,417 |
| 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 | $2,793,933 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,166,934 |
| 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 $798,067 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: SUPPORT | $25,000 |
KING BAUDOUIN FOUNDATION UNITED STATES (KBFUS) PURPOSE: SUPPORT | $237,400 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: SUPPORT | $25,000 |
MAKE-A-WISH FOUNDATION OF AMERICA PURPOSE: SUPPORT | $20,000 |
JOE TORRE SAFE AT HOME FOUNDATION PURPOSE: SUPPORT | $25,000 |
JULIE VALENTINE CENTER PURPOSE: SUPPORT | $25,000 |