Kooken Family Foundation
- Assets
- $705.3k
- Revenue
- $101.8k
- Investments
- $704.9k
- Employees
- 0
- Location
- Winstonsalem, NC
- Founding
- 01/1999
- Data as of
- 12/2021
- EIN
- 91-1938062
Organization Overview
Kooken Family Foundation is located in Winstonsalem, NC. The organization was established in 1999. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Kooken Family Foundation 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, Kooken Family Foundation generated $101.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $48.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kooken Family Foundation has awarded 72 individual grants totaling $152,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FUND PROGRAMS TO SUPPORT WOMEN AND FAMILIES
TO SUPPORT CHILDRENS' READING AND MUSIC PROGRAMS.
TO SUPPORT CHILDRENS' PROGRAMS TO ENHANCE EDUCATIONAL PERFORMANCE AND OPPORTUNITIES.
TO SUPPORT PROGRAMS THAT PROMOTE AND ENCOURAGE THE COMMUNITY ARTS AND ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith R Kooken President/di | 0 | $0 | |
Ruth D Kooken Sec-Treas/di | 0 | $0 | |
Kevin L Kooken Vice Pres/di | 0 | $0 | |
Kelly K Hane Director | 0 | $0 | |
Katherine K Carr Director | 0 | $0 | |
Kara K Cochran Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,047 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $83,531 |
| Capital Gain Net Income | $83,531 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $254 |
| Total Revenue | $101,832 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $261 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $634 |
| Printing and publications | $0 |
| Other expenses | $7,923 |
| Total operating and administrative expenses | $9,968 |
| Contributions, gifts, grants paid | $38,500 |
| Total expenses and disbursements | $48,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $94 |
| 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 | $704,878 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $329 |
| Total assets | $705,301 |
| 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, Kooken Family Foundation has awarded $38,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
IMPRINTS CARES PURPOSE: TO SUPPORT READY FOR SCHOOL PROGRAM | $5,000 |
WINSTON-SALEM MIXXER INC PURPOSE: FOR MIXXER STEAM CAMPS | $5,000 |
SAWTOOTH SCHOOL FOR VISUAL ART PURPOSE: TO SUPPORT ARTIST SCHOLARSHIPA | $3,000 |
KALEIDEUM PURPOSE: FOR STEM PRISM INITIATIVE | $3,000 |
Winstonsalem, NC PURPOSE: TO FUND CLIENT CHILDRENS BOOKS | $2,500 |
COMMUNITY CARE CENTER OF PURPOSE: TO FUND PHYSICAL THERAPY TABLES | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
In Touch Foundation Inc Atlanta, GA | $84,991,538 | $40,474,859 |
Boys & Girls Clubs Of The Midlands Columbia, SC | $2,396,839 | $5,933,397 |
Rethink Charity Mineral, VA | $1,112,987 | $5,137,197 |
Phi Delta Kappa International Inc Arlington, VA | $1,144,067 | $2,025,770 |
Marlene And Spencer Hays Foundation Nashville, TN | $119,169,427 | $6,377,944 |
Parents With A Purpose Inc Atlanta, GA | $315,977 | $2,301,377 |
Moments Of Hope Outreach Studley, VA | $714,742 | $2,126,416 |
Global Generosity Inc Alpharetta, GA | $2,653,838 | $2,877,884 |
Friends Of Ufm Inc Mclean, VA | $131,424 | $1,208,671 |
Lake Oconee Academy Foundation Inc Greensboro, GA | $20,544,289 | $963,837 |
Ncf Carolinas Inc Charlotte, NC | $1,465,195 | $1,454,572 |
Highlands Festivals Inc Highlands, NC | $326,105 | $1,750,969 |