Kotel Foundation
- Assets
- $157.5k
- Revenue
- $2.7k
- Investments
- $153.2k
- Employees
- 0
- Location
- Hawthorn Woods, IL
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 20-2916108
Organization Overview
Kotel Foundation is located in Hawthorn Woods, IL. The organization was established in 2008. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Kotel 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, Kotel Foundation generated $2.7k 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 (47.7%) each year. All expenses for the organization totaled $58.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kotel Foundation has awarded 72 individual grants totaling $495,638. 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.
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 |
|---|---|---|---|
Daniel Kotel Group A Trustee | 2 | $12,000 | |
Thomas Kotel Group A Trustee | 1 | $0 | |
Carolyn M Lyne Group A Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14 |
| Dividends & Interest | $5,576 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,934 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,656 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $438 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $15,053 |
| Contributions, gifts, grants paid | $43,510 |
| Total expenses and disbursements | $58,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,297 |
| 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 | $153,201 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $157,498 |
| 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, Kotel Foundation has awarded $43,510 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DIOCESE OF PALM BEACH PURPOSE: CHARITABLE TO SUPPORT ORGANIZATION'S MISSION | $3,510 |
GIGI'S PLAYHOUSE PURPOSE: CHARITABLE TO SUPPORT ORGANIZATION'S MISSION | $5,000 |
FOOD FOR THE POOR PURPOSE: CHARITABLE TO SUPPORT ORGANIZATION'S MISSION | $15,000 |
SPECIAL GIFTS THEATER PURPOSE: CHARITABLE TO SUPPORT ORGANIZATION'S MISSION | $5,000 |
ST JUDE CHILDRENS HOSPITAL PURPOSE: CHARITABLE TO SUPPORT ORGANIZATION'S MISSION | $10,000 |
ST JUDE CATHOLIC CHURCH PURPOSE: CHARITABLE TO SUPPORT ORGANIZATION'S MISSION | $5,000 |