Kooken Family Foundation
- Assets
- $692.0k
- Revenue
- $37.1k
- Investments
- $691.4k
- Employees
- 0
- Location
- Winstonsalem, NC
- Founding
- 01/1999
- Data as of
- 12/2022
- 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 12/2022, Kooken Family Foundation generated $37.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $50.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kooken Family Foundation has awarded 93 individual grants totaling $217,700. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FUND UPDATING OF CHARITABLE ORGANIZATION'S FACILITIES
TO SUPPORT EDUCATIONAL PROGRAMS OF CHARITABLE ORGANIZATION
TO SUPPORT CHARITABLE ORGANIZATION'S NORTH CAROLINA CHALLENGE GRANT
TO SUPPORT CHARITABLE ORGANZATION'S PRISM INITIATIVE
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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 | |
Katherine K Carr Director | 0 | $0 | |
Kelly K Hane Director | 0 | $0 | |
Kara K Cochran Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $17,636 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,376 |
| Capital Gain Net Income | $19,376 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $85 |
| Total Revenue | $37,098 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,083 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $141 |
| Printing and publications | $0 |
| Other expenses | $7,033 |
| Total operating and administrative expenses | $11,752 |
| Contributions, gifts, grants paid | $38,500 |
| Total expenses and disbursements | $50,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $691,369 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $604 |
| Total assets | $691,973 |
| 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 10 organizations.
| Grant Recipient | Amount |
|---|---|
KALEIDEUM PURPOSE: TO SUPPORT ORG'S PRISM INITIATIVE | $5,000 |
PIEDMONT ENVIRONMENTAL ALLIANCE PURPOSE: TO SUPPORT EDUCATIONAL PROGRAMS | $5,000 |
AMOS COTTAGE PURPOSE: TO SUPPORT GENERAL OPERATIONS | $3,000 |
ARTS FOR LIFE PURPOSE: TO SUPPORT ART & MUSIC PROGRAMS | $3,000 |
PLANNED PARENTHOOD SOUTH ATLANTIC PURPOSE: TO SUPPORT GENERAL OPERATIONS | $3,000 |
STATE EMPLOYEES' CREDIT UNION PURPOSE: TO SUPPORT FAMILY ROOM REFRESH PROJE | $6,500 |