Kurtz Family Foundation Trust
- Assets
- $6.5m
- Revenue
- $84.5k
- Investments
- $6.4m
- Employees
- 0
- Location
- Georgetown, CT
- Founding
- 01/2013
- Data as of
- 12/2022
- EIN
- 90-0804736
Organization Overview
Kurtz Family Foundation Trust is located in Georgetown, CT. The organization was established in 2013. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Kurtz Family Foundation Trust 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, Kurtz Family Foundation Trust generated $84.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $484.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Kurtz Family Foundation Trust has awarded 597 individual grants totaling $2,133,200. 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 |
|---|---|---|---|
Robert Kurtz Trustee | 2 | $63,010 | |
Thomas Kurtz Trustee | 0.25 | $35,000 | |
Lisa Todd Trustee | 1 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $424,950 |
| Interest on Savings | $680 |
| Dividends & Interest | $148,068 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$489,155 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $84,543 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $103,010 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47,020 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,178 |
| Total operating and administrative expenses | $155,273 |
| Contributions, gifts, grants paid | $329,000 |
| Total expenses and disbursements | $484,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $132,481 |
| 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 | $6,510,692 |
| 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, Kurtz Family Foundation Trust has awarded $329,000 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
ACUMEN FUND INC PURPOSE: GENERAL SUPPORT | $2,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL SUPPORT | $2,000 |
AMELIA ISLAND CONCOURS D'ELEGANCE FOUNDATION INC PURPOSE: GENERAL SUPPORT | $2,000 |
AMERICAN KIDNEY FUND PURPOSE: GENERAL SUPPORT | $1,000 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL SUPPORT | $3,000 |
AMERICARES PURPOSE: GENERAL SUPPORT | $15,000 |