Kurt Forrest Foundation Inc
- Assets
- $1.5m
- Revenue
- $15.2k
- Investments
- $1.3m
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 08/2000
- Data as of
- 05/2023
- EIN
- 06-1549428
Organization Overview
Kurt Forrest Foundation Inc is located in Stamford, CT. The organization was established in 2000. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Kurt Forrest 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 05/2023, Kurt Forrest Foundation Inc generated $15.2k 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 (27.9%) each year. All expenses for the organization totaled $105.5k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kurt Forrest Foundation Inc has awarded 33 individual grants totaling $292,956. 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 |
|---|---|---|---|
Thomas Cardello Secretary | 0.5 | $0 | |
Renate Kurowski-Cardello President | 10 | $36,000 | |
Francesca K Cardello Director | 0.1 | $0 | |
Thomas R Cardello Director | 0 | $0 | |
Renate Kurowski-Cardello Director | 0 | $0 | |
Renate Kurowski-Cardello Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,500 |
| Interest on Savings | $10,163 |
| Dividends & Interest | $18,373 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$24,393 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $558 |
| Total Revenue | $15,201 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $479 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $385 |
| Total operating and administrative expenses | $48,443 |
| Contributions, gifts, grants paid | $57,033 |
| Total expenses and disbursements | $105,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $242,378 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,544,279 |
| 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, Kurt Forrest Foundation Inc has awarded $57,033 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS WITHOUT A BORDER PURPOSE: HEALTHCARE | $10,000 |
NATIONAL CATHOLIC COMMUNITY FOUNDAT PURPOSE: CHARITABLE | $1,200 |
MASSACHUSETTS INSTITUTE OF TECHNOLO PURPOSE: EDUCATIONAL SUPPORT | $23,333 |
CHENLA CHILDREN'S HEALTH INC PURPOSE: HEALTHCARE | $3,000 |
NEW YORK ACADEMY OF SCIENCES PURPOSE: EDUCATIONAL SUPPORT | $12,500 |
1014 INC PURPOSE: EDUCATIONAL SUPPORT | $4,000 |