Max Kade Foundation
- Assets
- $52.4m
- Revenue
- $1.7m
- Investments
- $48.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1946
- Data as of
- 12/2022
- EIN
- 13-5658082
Organization Overview
Max Kade Foundation is located in New York, NY. The organization was established in 1946. 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. Max Kade 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 12/2022, Max Kade Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $5.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Max Kade Foundation has awarded 284 individual grants totaling $26,589,212. 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 |
|---|---|---|---|
William Schauer Secretary | 0 | $0 | |
Lya F Pfeifer Pres. & Treas. | 40 | $312,452 | |
Reinhard Augustin Vice President | 0 | $0 | |
Karin A Gerbavsits Administrator | 40 | $148,256 | |
Kathleen L Pendleton Bookkeeper | 40 | $100,558 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $407,579 |
| Dividends & Interest | $1,196,774 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$44,766 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $123,843 |
| Total Revenue | $1,683,430 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $312,452 |
| Other employee salaries and wages | $248,814 |
| Pension plans, employee benefits | $111,336 |
| Interest | $10,339 |
| Taxes | $75,681 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $40,903 |
| Printing and publications | $1,232 |
| Other expenses | $171,337 |
| Total operating and administrative expenses | $1,314,634 |
| Contributions, gifts, grants paid | $4,245,570 |
| Total expenses and disbursements | $5,560,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $390 |
| Savings and temporary cash investments | $3,587,685 |
| 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 | $63,783 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $20,037,469 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $52,400,627 |
| 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 | $20,000 |
| Total liabilities | $20,000 |
Grants Awarded
Over the last fiscal year, Max Kade Foundation has awarded $5,469,611 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MAX KADE SCHEDULE PURPOSE: EDUCATION | $4,474,150 |
MAX KADE SCHEDULE NON CASH PURPOSE: EDUCATION | $497,576 |
MAX KADE SCHEDULE NON CASH PURPOSE: EDUCATION | $497,885 |