Klig Charitable Tr
- Assets
- $674.0k
- Revenue
- $417.0k
- Investments
- $584.5k
- Employees
- 0
- Location
- Louisville, KY
- Founding
- Data as of
- 12/2022
- EIN
- 87-6897110
Organization Overview
Klig Charitable Tr is located in Louisville, KY. 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. Klig Charitable Tr 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, Klig Charitable Tr generated $417.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 15.5% each year .
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,797 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,663 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $406,571 |
| Capital Gain Net Income | $406,571 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $417,031 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,954 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $207 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $600 |
| Total operating and administrative expenses | $3,761 |
| Contributions, gifts, grants paid | $51,650 |
| Total expenses and disbursements | $55,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $89,249 |
| 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 | $320 |
| Total assets | $674,023 |
| 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, Klig Charitable Tr has awarded $51,650 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
YEW DELL GARDENS PURPOSE: RESTORING AND PRESERVING | $1,000 |
WATERFRONT BOTANICAL GARDENS PURPOSE: RESTORING AND PRESERVING | $5,000 |
CHRIST CHURCH UNITED METHODIST PURPOSE: CHARITABLE | $30,000 |
THE ROTARY FOUNDATION PURPOSE: CHARITABLE | $500 |
ROTARY FUND OF LOUISVILLE INC PURPOSE: CHARITABLE | $1,000 |
THE PARKLANDS OF FLOYDS FORK PURPOSE: CHARITABLE | $500 |