The Kaman Foundation Inc
- Assets
- $8.6m
- Revenue
- $585.2k
- Investments
- $8.3m
- Employees
- 0
- Location
- Hartford, CT
- Founding
- 07/1994
- Data as of
- 11/2023
- EIN
- 06-1386119
Organization Overview
The Kaman Foundation Inc is located in Hartford, CT. The organization was established in 1994. 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. Kaman Foundation Inc 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 11/2023, Kaman Foundation Inc generated $585.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $855.7k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kaman Foundation Inc has awarded 62 individual grants totaling $2,843,739. 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 |
|---|---|---|---|
C William Kaman II - Trustee Pres & Treasurer | 1 | $18,000 | |
Cathleen H Kaman - Trustee Vice President | 1 | $18,000 | |
Glenn M Messemer - Trustee Secretary | 1 | $18,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $183 |
| Dividends & Interest | $453,431 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $129,187 |
| Capital Gain Net Income | $129,187 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,354 |
| Total Revenue | $585,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27,188 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $203,647 |
| Contributions, gifts, grants paid | $652,089 |
| Total expenses and disbursements | $855,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,863 |
| 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 | $490,547 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,569,504 |
| 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 Kaman Foundation Inc has awarded $652,089 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
HARTFORD PUBLIC LIBRARY PURPOSE: GENERAL SUPPORT | $41,322 |
CONNECTICUT DRAFT HORSE RESCUE INC PURPOSE: GENERAL SUPPORT | $105,017 |
THE STONE AGE INSTITUTE PURPOSE: GENERAL SUPPORT | $150,000 |
LA ARTCORE PURPOSE: GENERAL SUPPORT | $30,000 |
OUTPOST PRODUCTIONS INC PURPOSE: GENERAL SUPPORT | $90,000 |
UNIVERSITY OF HARTFORD PURPOSE: GENERAL SUPPORT | $75,000 |