Kresa Family Foundation
- Assets
- $11.7m
- Revenue
- $1.3m
- Investments
- $11.9m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 12/2005
- Data as of
- 12/2021
- EIN
- 20-2890253
Organization Overview
Kresa Family Foundation is located in Pennington, NJ. The organization was established in 2005. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kresa Family 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 12/2021, Kresa Family Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $835.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Kresa Family Foundation has awarded 56 individual grants totaling $5,907,526. 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 |
|---|---|---|---|
Kent Kresa President | 1 | $0 | |
Dr Kiren Kresa-Reahl MD Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $296,534 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,004,357 |
| Capital Gain Net Income | $1,004,357 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,300,891 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,088 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $138,667 |
| Contributions, gifts, grants paid | $696,700 |
| Total expenses and disbursements | $835,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$461,754 |
| Savings and temporary cash investments | $311,247 |
| 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 | $10,853,033 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,702,126 |
| 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, Kresa Family Foundation has awarded $696,700 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: UNRESTRICTED GENERAL | $240,000 |
Pasadena, CA PURPOSE: CENTER FOR AUTONOMOUS | $240,000 |
Sherman Oaks, CA PURPOSE: UNRESTRICTED GENERAL | $100,000 |
Wellsley, MA PURPOSE: UNRESTRICTED GENERAL | $92,000 |
WESTERN MUSEUM OF FLIGHT PURPOSE: UNRESTRICTED GENERAL | $10,000 |
Los Angeles, CA PURPOSE: UNRESTRICTED GENERAL | $8,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York State Technology Enterprise Corporation Rome, NY | $60,981,617 | $75,235,119 |
Hamaskpik Of Rockland County Inc Monsey, NY | $63,578,748 | $60,740,286 |
Comunilife Inc New York, NY | $31,660,998 | $48,925,659 |
Julia Dyckman Andrus Memorial Inc Yonkers, NY | $77,963,384 | $42,844,151 |
Wildwood Programs Inc Latham, NY | $26,961,317 | $41,590,830 |
Green Chimneys Childrens Services Inc Brewster, NY | $40,286,634 | $28,138,217 |
Times Square District Management Association New York, NY | $18,451,564 | $28,017,921 |
Childrens Center For Treatment And Education Bradford, PA | $5,348,327 | $25,705,354 |
52 Broadway Realty Corp New York, NY | $50,887,165 | $15,066,010 |
Peter Becker Community Harleysville, PA | $93,663,279 | $25,907,614 |
Catalyst Inc New York, NY | $56,172,197 | $22,153,415 |
Horizon Village Inc Sanborn, NY | $19,517,446 | $18,747,224 |