Martin S Kimmel Foundation
- Assets
- $21.2m
- Revenue
- -$10.5m
- Investments
- $17.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/1994
- Data as of
- 12/2022
- EIN
- 13-7024058
Organization Overview
Martin S Kimmel Foundation is located in New York, NY. The organization was established in 1994. 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. Martin S Kimmel Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Martin S Kimmel Foundation has awarded 73 individual grants totaling $15,100,400. 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
2022
Describe the Organization's Program Activity:
NO DIRECT CHARITABLE ACTIVITIES
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 |
|---|---|---|---|
Adam P Kimmel Trustee / Treasurer | 2 | $0 | |
Lester Lipschutz Co Cozen O'conner Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $555,060 |
| Dividends & Interest | $280,710 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,338,516 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,449 |
| Total Revenue | -$10,493,297 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $107 |
| Taxes | $20,478 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $125,099 |
| Total operating and administrative expenses | $151,434 |
| Contributions, gifts, grants paid | $2,980,000 |
| Total expenses and disbursements | $3,131,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,693,323 |
| 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 | $4,268,099 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,180,197 |
| 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 | $500,000 |
| Total liabilities | $500,000 |
Grants Awarded
Over the last fiscal year, Martin S Kimmel Foundation has awarded $2,980,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN COMMITTEE FOR THE WEIZMANN INSTITUTE OF SCIENCE PURPOSE: GENERAL USE | $400,000 |
AMERICAN FRIENDS OF MIGDAL PURPOSE: GENERAL USE | $100,000 |
CHABAD JEWISH CENTER OF NEW YORK PURPOSE: GENERAL USE | $20,000 |
CHABAD OF BUSHWICK PURPOSE: GENERAL USE | $350,000 |
CONGREGATION OF B'NAI ISRAEL PURPOSE: GENERAL USE | $25,000 |
CONGREGATION YAD SHAUL PURPOSE: GENERAL USE | $295,000 |