Kumin Foundation
- Assets
- $669.5k
- Revenue
- $5.7k
- Investments
- $639.5k
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 20-3388611
Organization Overview
Kumin Foundation is located in Anchorage, AK. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Kumin 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, Kumin Foundation generated $5.7k 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 (22.5%) each year. All expenses for the organization totaled $36.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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 |
|---|---|---|---|
Bram Wiley Trustee | 0 | $0 | |
Leah Kumin Trustee | 0 | $0 | |
Elizabeth Kumin Trustee | 0 | $0 | |
Linda Kumin Trustee | 0 | $0 | |
James Kumin Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,005 |
| Interest on Savings | $713 |
| Dividends & Interest | $3,895 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $72 |
| Capital Gain Net Income | $62 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,685 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $57 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,565 |
| Contributions, gifts, grants paid | $27,550 |
| Total expenses and disbursements | $36,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,056 |
| 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 | $639,455 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $669,511 |
| 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, Kumin Foundation has awarded $27,550 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SITKA SUMMER MUSICAL FESTIVAL PURPOSE: STEVENSON HALL CAMPAIGN | $10,000 |
Anchorage, AK PURPOSE: ONLINE RESOURCES | $7,550 |
Anchorage, AK PURPOSE: OPERATING COSTS | $5,000 |
Anchorage, AK PURPOSE: TRAIL MAINTENANCE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Russell Family Foundation Gig Harbor, WA | $102,077,149 | $6,093,203 |
Gary E Milgard Family Foundation - Mark Tacoma, WA | $117,467,534 | $7,345,386 |
The Sarkowsky Family Charitable Foundation Seattle, WA | $565,957 | $3,012,734 |
David And Amy Fulton Foundation Seattle, WA | $63,197,245 | $1,065,965 |
Helen E Snedden Foundation Fairbanks, AK | $8,832,360 | $5,012,483 |
Sahsen Foundation Seattle, WA | $120,057,207 | $11,828,075 |
Vatheuer Family Foundation Inc Hobart, WA | $0 | $3,733,677 |
Crystal Spring Foundation Seattle, WA | $0 | $2,197,015 |
Mooney Charitable Trust Seattle, WA | $0 | $134,132 |
Hoveida Family Foundation Bainbridge Island, WA | $72,514,243 | $1,071,136 |
Brotman Family Foundation Seattle, WA | $0 | $0 |
Ellison Foundation Bellevue, WA | $46,870,043 | $2,052,010 |