Thomas L Kempner Jr Foundation Inc
- Assets
- $306.7m
- Revenue
- $4.2m
- Investments
- $304.6m
- Employees
- 0
- Location
- Southampton, NY
- Founding
- 06/1987
- Data as of
- 12/2023
- EIN
- 13-3407819
Organization Overview
Thomas L Kempner Jr Foundation Inc is located in Southampton, NY. The organization was established in 1987. 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. Thomas L Kempner Jr 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 12/2023, Thomas L Kempner Jr Foundation Inc generated $4.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (33.3%) each year. All expenses for the organization totaled $19.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Thomas L Kempner Jr Foundation Inc has awarded 119 individual grants totaling $106,060,655. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
NOT APPLICABLE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Kempner Jr President/treasurer | 2 | $0 | |
Katheryn C Patterson Vice Pres/secretary | 0.5 | $0 | |
Trevor Kempner Director | 0.5 | $0 | |
Thomas N Kempner Director | 0.5 | $0 | |
Jessica S Kempner Director | 0.5 | $0 | |
Holly R Raub Chief Administrative Officer | 24 | $92,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brave Warrior Advisors Llc | 12/30/23 | $96,015 |
Landseer Advisors Llc | 12/30/23 | $295,000 |
Cohnreznick Llp | 12/30/23 | $60,901 |
Citrin Cooperman | 12/30/23 | $74,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,750,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $752,668 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $882,784 |
| Capital Gain Net Income | $4,899,999 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $785,427 |
| Total Revenue | $4,170,879 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $92,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,330 |
| Interest | $20,164 |
| Taxes | $1,127,169 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,923 |
| Printing and publications | $0 |
| Other expenses | $165,793 |
| Total operating and administrative expenses | $1,998,588 |
| Contributions, gifts, grants paid | $17,594,561 |
| Total expenses and disbursements | $19,593,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,003 |
| Savings and temporary cash investments | $1,718,184 |
| 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 | $294,016,954 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,190 |
| Total assets | $306,675,675 |
| 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 | $871,290 |
| Total liabilities | $871,290 |
Grants Awarded
Over the last fiscal year, Thomas L Kempner Jr Foundation Inc has awarded $39,153,561 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVEMENT FIRST CHARTER SCHOOL PURPOSE: CT GENERAL OPERATIONS | $250,000 |
BLETCHLEY PARK PURPOSE: BLOCK E LEARNING CENTRE | $332,208 |
BOSTON CHILDREN'S HOSPITAL TRUST PURPOSE: KABUKI SYNDROME RESEARCH | $25,000 |
BUSINESSES UNITED IN INVESTING LENDING AND DEVELOPMENT PURPOSE: NYC & BAY AREA OPERATIONS | $350,000 |
CENTRAL PARK CONSERVANCY PURPOSE: ESSENTIAL CENTRAL PARK FUND | $166,666 |
COLUMBIA UNIVERSITY MEDICAL CENTER PURPOSE: VAGELOS COLLEGE EARLY-ONSET OSTEOPOROSIS FUND | $879,000 |