The Koffler Bornstein Family Foundation
- Assets
- $4.8m
- Revenue
- $1.1m
- Investments
- $3.3m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 06/1978
- Data as of
- 07/2022
- 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 07/2022, Koffler Bornstein Family Foundation generated $1.1m in total revenue. All expenses for the organization totaled $373.7k during the year ending 07/2022.
Since 2020, Koffler Bornstein Family Foundation has awarded 112 individual grants totaling $1,019,936. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jo-An Kaplan Trustee | 0 | $0 | |
Ben Pastor Trustee | 0 | $0 | |
Richard Bornstein Trustee | 0 | $0 | |
Sandra Bornstein Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $253,341 |
| Interest on Savings | $1,302 |
| Dividends & Interest | $140,317 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $693,821 |
| Capital Gain Net Income | $693,821 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,187 |
| Total Revenue | $1,091,968 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $525 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48,666 |
| Total operating and administrative expenses | $49,191 |
| Contributions, gifts, grants paid | $324,555 |
| Total expenses and disbursements | $373,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,117 |
| Savings and temporary cash investments | $1,328,073 |
| 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 | $3,305,795 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,827,985 |
| 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 $324,555 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FEDERATION OF PALM BEACH PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR THE MISSION OF THE ORGANIZATION. | $70,000 |
BROWN UNIVERSITY PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR THE MISSION OF THE ORGANIZATION. | $52,500 |
JEWISH ALLIANCE OF RI PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR THE MISSION OF THE ORGANIZATION. | $44,000 |
West Palm Beach, FL PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR THE MISSION OF THE ORGANIZATION. | $30,000 |
TEMPLE EMANU-EL PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR THE MISSION OF THE ORGANIZATION. | $25,255 |
Smithfield, RI PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR THE MISSION OF THE ORGANIZATION. | $21,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Cohen Veterans Network Inc Stamford, CT | $21,771,420 | $47,396,071 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Flatley Foundation Braintree, MA | $730,489,671 | $65,780,367 |
Iiegn Family Foundation Boston, MA | $7,705,932 | $1,021,594 |
Ge Foundation Norwalk, CT | $5,053,086 | $27,501,215 |
State Street Foundation Inc Boston, MA | $7,590,446 | $6,540 |
Edward C Johnson Fund Boston, MA | $418,919,628 | $48,451,859 |
Broad Reach Foundation Boston, MA | $154,449,873 | $51,427,992 |
Tjx Foundation Inc Framingham, MA | $84,142,448 | $26,109,203 |