Dale Kutnick And Laura Gordon Kutnick Foundation Inc
- Assets
- $16.1m
- Revenue
- $2.4m
- Investments
- $14.7m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 07/1997
- Data as of
- 06/2022
- EIN
- 06-1469212
The information for Dale Kutnick And Laura Gordon Kutnick Foundation Inc is as of the organization's most recent filing. This organization is located in New York, NY. It has been in existence since 1997.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Dale Kutnick And Laura Gordon Kutnick Foundation Inc's NTEE code is T60, which tells us that it is classified as a Philanthropy, Voluntarism & Grantmaking Foundation. The NTEE describes this type of organization as one with funds and programs managed by trustees or directors established to maintain charitable activities serving the common welfare, primarily through grantmaking. This organization is also governed by a specific section of the Internal Revenue Code, 501(c)(3). This section describes organizations engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Toren Kutnick Treasurer/dir | 22 | $183,184 | |
Laura Kutnick President/dir | 6 | $0 | |
Vary K Kutnick Vp/officer | 1 | $0 | |
Dale Kutnick Secretary/dir | 2 | $0 | |
Kyla Kutnick Vp/officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $503,409 |
| Interest on Savings | $0 |
| Dividends & Interest | $212,682 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,700,838 |
| Capital Gain Net Income | $1,700,838 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,759 |
| Total Revenue | $2,420,688 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $183,184 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,090 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,764 |
| Total operating and administrative expenses | $306,473 |
| Contributions, gifts, grants paid | $797,000 |
| Total expenses and disbursements | $1,103,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,694 |
| Savings and temporary cash investments | $1,366,341 |
| 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 | $819,256 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,101,991 |
| 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 | $72,208 |
| Total liabilities | $72,208 |
Grants Awarded
Over the last fiscal year, Dale Kutnick And Laura Gordon Kutnick Foundation Inc has awarded $797,000 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: UNRESTRICTED GENERAL | $220,000 |
COMMUNITY FDN OF NEW JERSEY PURPOSE: UNRESTRICTED GENERAL | $80,000 |
New Haven, CT PURPOSE: UNRESTRICTED GENERAL | $80,000 |
Ossining, NY PURPOSE: UNRESTRICTED GENERAL | $65,000 |
Missoula, MT PURPOSE: UNRESTRICTED GENERAL | $35,000 |
Westport, CT PURPOSE: UNRESTRICTED GENERAL | $32,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Ahava Foundation Kearny, NJ | $69,246,321 | $13,538,690 |
The Rona Jaffe Foundation Dix Hills, NY | $31,757,116 | $2,944,285 |
Lostand Foundation Inc Cold Spring, NY | $0 | $2,083,089 |
Enterprise Foundation Tr New York, NY | $11,495,685 | $0 |
Shoreland Foundation Inc Lloyd Harbor, NY | $17,307,030 | $9,179,290 |
Gerald And Janet Carrus Foundation Wilmington, DE | $5,331,179 | $423,703 |
Summit Foundation Inc Getzville, NY | $1,308,590 | $48,121 |
Dale Kutnick And Laura Gordon Kutnick Foundation Inc Pennington, NJ | $16,101,991 | $2,420,688 |
Roe Foundation Inc New York, NY | $4,790,106 | $5,727,059 |
Dreams R Us Foundation Shoreham, NY | $16,620,968 | $1,291,461 |
Virginia Cretella Mars Foundation New York, NY | $17,242,277 | $1,956,099 |
Ira M Resnick Foundation Inc New York, NY | $804,882 | $1,000,085 |