Kceg Foundation
- Assets
- $3.6m
- Revenue
- $26.6k
- Investments
- $317.9k
- Employees
- 0
- Location
- Monsey, NY
- Founding
- 05/1998
- Data as of
- 12/2022
- EIN
- 13-7103161
Organization Overview
Kceg Foundation is located in Monsey, NY. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Kceg 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, Kceg Foundation generated $26.6k 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 (40.4%) each year. All expenses for the organization totaled $322.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kceg Foundation has awarded 87 individual grants totaling $3,132,654. 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 |
|---|---|---|---|
Ephraim Grossman Trustee | 1.25 | $0 | |
Hendel Grossman Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21,199 |
| Dividends & Interest | $5,398 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,597 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $71 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,676 |
| Total operating and administrative expenses | $29,327 |
| Contributions, gifts, grants paid | $293,160 |
| Total expenses and disbursements | $322,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $586,312 |
| Savings and temporary cash investments | $2,600,000 |
| 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 | $75,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $217,188 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,579,180 |
| 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, Kceg Foundation has awarded $293,160 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BAIS MALKA PURPOSE: CHARITABLE | $22,600 |
BELZ PURPOSE: CHARITABLE | $1,800 |
TALMUD TORAH MACHZIKEI HADAS PURPOSE: CHARITABLE | $43,100 |
YESHIVA BAIS YEHUDAH PURPOSE: CHARITABLE | $21,860 |
VARIOUS CHARITABLE ORGANIZATIONS PURPOSE: CHARITABLE | $76,495 |
KOLLEL BELZ PURPOSE: CHARITABLE | $14,550 |