The Koffler Bornstein Family Foundation
- Assets
- $4.8m
- Revenue
- $350.3k
- Investments
- $4.4m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 06/1978
- Data as of
- 07/2023
- EIN
- 05-0376269
Organization Overview
The Koffler Bornstein Family Foundation is located in Providence, RI. The organization was established in 1978. 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. Koffler Bornstein 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 07/2023, Koffler Bornstein Family Foundation generated $350.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $414.4k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Koffler Bornstein Family Foundation has awarded 150 individual grants totaling $1,383,481. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Bornstein Trustee | 0 | $0 | |
Sandra Bornstein Trustee | 0 | $0 | |
Jo-An Kaplan Trustee | 0 | $0 | |
Ben Pastor Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,354 |
| Dividends & Interest | $429,278 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$84,305 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $350,327 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $358 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50,491 |
| Total operating and administrative expenses | $50,849 |
| Contributions, gifts, grants paid | $363,545 |
| Total expenses and disbursements | $414,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,574 |
| Savings and temporary cash investments | $102,854 |
| 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 | $4,375,490 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,763,918 |
| 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, The Koffler Bornstein Family Foundation has awarded $363,545 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS POINT RI PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR THE MISSION OF THE ORGANIZATION. | $2,000 |
BROWN UNIVERSITY PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR THE MISSION OF THE ORGANIZATION. | $5,000 |
BRYANT UNIVERSITY PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR THE MISSION OF THE ORGANIZATION. | $5,000 |
A WISH COME TRUE PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR THE MISSION OF THE ORGANIZATION. | $1,400 |
BLACKSTONE PARK CONSERVANCY PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR THE MISSION OF THE ORGANIZATION. | $250 |
AMERICAN FRIENDS OF THE HEBREW UNIVERSITY PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR THE MISSION OF THE ORGANIZATION. | $2,500 |