J M Kaplan Fund Inc
- Assets
- $173.7m
- Revenue
- $9.2m
- Investments
- $160.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1950
- Data as of
- 12/2021
- EIN
- 13-6090286
Organization Overview
J M Kaplan Fund Inc is located in New York, NY. The organization was established in 1950. 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. J M Kaplan Fund 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 12/2021, J M Kaplan Fund Inc generated $9.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (44.7%) each year. All expenses for the organization totaled $12.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, J M Kaplan Fund Inc has awarded 1,804 individual grants totaling $43,893,703. 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
2021
Describe the Organization's Program Activity:
THE INNOVATION PRIZE BRINGS THE AWARDEES TOGETHER FOR TWO CONVENINGS EACH YEAR. EACH OF THESE MEETINGS, SPOTLIGHTING A DIFFERENT AWARDEE'S ORGANIZATION, OFFERS OPPORTUNITIES FOR PEER LEARNING AND MENTORING FROM EXPERTS IN ORGANIZATIONAL DEVELOPMENT, BOARD CULTIVATION, MEDIA COACHING, LEADERSHIP TRAINING, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Davidson Chairman | 5 | $8,000 | |
Joan Davidson Trustee | 5 | $4,000 | |
J Matthew Davidson Trustee | 5 | $8,000 | |
Brad Davidson Trustee | 5 | $8,000 | |
Elizabeth Davidson Pickering Trustee | 5 | $8,000 | |
Caio Fonseca Trustee | 5 | $6,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Social Strategy Associates Inc | 12/30/22 | $182,200 |
Prime Bucholz | 12/30/22 | $114,895 |
William Raynolds | 12/30/22 | $93,667 |
Anthony Wood | 12/30/22 | $84,000 |
Brandywine Management Co | 12/30/22 | $71,869 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $811 |
| Dividends & Interest | $1,327,883 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,855,024 |
| Capital Gain Net Income | $6,398,602 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37,057 |
| Total Revenue | $9,220,775 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $355,500 |
| Other employee salaries and wages | $498,558 |
| Pension plans, employee benefits | $246,194 |
| Interest | $9,854 |
| Taxes | $132,684 |
| Depreciation | $218,992 |
| Occupancy | $385,223 |
| Travel, conferences, and meetings | $198,919 |
| Printing and publications | $0 |
| Other expenses | $1,125,971 |
| Total operating and administrative expenses | $3,789,337 |
| Contributions, gifts, grants paid | $8,687,710 |
| Total expenses and disbursements | $12,477,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $12,250,723 |
| Net Accounts receivable | $1,464 |
| 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 | $13,352 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $160,216,960 |
| Net Land, buildings, and equipment | $624,501 |
| Other assets | $565,687 |
| Total assets | $173,673,187 |
| Accounts payable and accrued expenses | $62,493 |
| Grants payable | $7,577,415 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $982,528 |
| Total liabilities | $8,622,436 |
Grants Awarded
Over the last fiscal year, J M Kaplan Fund Inc has awarded $12,477,374 in support to 535 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU OF ALABAMA PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
ADIRONDACK EXPLORER - GETTING THE WORD OUT INC PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
ADIRONDACK LAND TRUST PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
AMANDA JAMES PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
ACADEMY FOUNDATION-ACADEMYMUSEUM OF MOTION PICTURES PURPOSE: GENERAL OPERATING SUPPORT | $6,500 |
AMERICAN CHESTNUT FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $500 |