Kbt Charitable Foundation
- Assets
- $4.1m
- Revenue
- $143.3k
- Investments
- $4.1m
- Employees
- 0
- Location
- Norwood, MA
- Founding
- 04/2006
- Data as of
- 12/2022
- EIN
- 20-2025601
Organization Overview
Kbt Charitable Foundation is located in Norwood, MA. The organization was established in 2006. 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. Kbt Charitable 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, Kbt Charitable Foundation generated $143.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $694.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kbt Charitable Foundation has awarded 79 individual grants totaling $1,430,150. 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 |
|---|---|---|---|
Shari E Redstone Trustee | 1 | $0 | |
Kimberlee A Korff Trustee | 1 | $0 | |
Brandon J Korff Trustee | 1 | $0 | |
Tyler J Korff Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $318 |
| Dividends & Interest | $155,127 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,105 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $143,340 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,051 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $50,705 |
| Contributions, gifts, grants paid | $643,400 |
| Total expenses and disbursements | $694,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $65,208 |
| 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 | $4,060,649 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,125,857 |
| 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, Kbt Charitable Foundation has awarded $643,400 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
5TH AVENUE SYNAGOGUE PURPOSE: GENERAL | $15,000 |
BLACK OWNED AND OPERATED COMMUNITED LAND TRUST INC PURPOSE: GENERAL | $5,000 |
92ND ST Y NURSERY SCHOOL PURPOSE: GENERAL | $21,000 |
RAMAZ SCHOOL PURPOSE: GENERAL | $46,000 |
AMERICAN FRIENDS OF MAGEN DAVID ADON PURPOSE: GENERAL | $75,000 |
FRIENDS OF UNITED HATZALAH PURPOSE: GENERAL | $40,500 |