M K Foundation Inc
- Assets
- $171.0k
- Revenue
- $164.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Leonia, NJ
- Founding
- 01/2007
- Data as of
- 12/2023
- EIN
- 20-1534556
Organization Overview
M K Foundation Inc is located in Leonia, NJ. The organization was established in 2007. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is the central organization for a national or regional group of organizations. M K 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, M K Foundation Inc generated $164.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 28.9% each year . All expenses for the organization totaled $32.8k during the year ending 12/2023. While expenses have increased by 6.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2013, M K Foundation Inc has awarded 39 individual grants totaling $352,641. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW YORK MEDICAL COLLEGE
UNIVERSITY OF GEORGIA
NOVA SOUTHEASTERN UNIVERSITY
MANHATAN UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Munr Kazmir Trustee | 5 | $0 | |
William Shulman Trustee | 5 | $0 | |
Mendel Herseon Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $162,600 |
| Interest on Savings | $2,344 |
| Dividends & Interest | $0 |
| 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 | $164,944 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31 |
| Total operating and administrative expenses | $31 |
| Contributions, gifts, grants paid | $32,800 |
| Total expenses and disbursements | $32,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,984 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $170,984 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $35,643 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $35,643 |
Grants Awarded
Over the last fiscal year, M K Foundation Inc has awarded $32,800 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NEW YORK MEDICAL COLLEGE PURPOSE: DONATION | $18,000 |
MANHATTAN UNIVERSITY PURPOSE: DONATION | $3,000 |
ST LOUIS UNIVERSITY PURPOSE: DONATION | $1,800 |
NOVA SOUTHEASTERN PURPOSE: DONATION | $7,000 |
UNVERSITY OF GEORGIA PURPOSE: DONATION | $3,000 |