Aj Kovel Family Foundation
- Assets
- $1.1m
- Revenue
- $40.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 01/2008
- Data as of
- 12/2023
- EIN
- 20-5585092
Organization Overview
Aj Kovel Family Foundation is located in Las Vegas, NV. The organization was established in 2008. 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. Aj Kovel 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 12/2023, Aj Kovel Family Foundation generated $40.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (30.4%) each year. All expenses for the organization totaled $52.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Aj Kovel Family Foundation has awarded 87 individual grants totaling $390,785. 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
N / A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Koval Cashman President/trustee | 1 | $0 | |
Amanda Koval Treasurer/trustee | 1 | $0 | |
Samantha Cashman Rayburn Secretary/trustee | 1 | $0 | |
Ali Cashman Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,168 |
| Dividends & Interest | $25,989 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,526 |
| Capital Gain Net Income | $13,526 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,683 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,359 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,839 |
| Total operating and administrative expenses | $17,773 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $52,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,352 |
| 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 | $1,125,179 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,143,531 |
| 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, Aj Kovel Family Foundation has awarded $35,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ADAMS PLACE FOR GRIEF PURPOSE: DONATION FOR GENERAL OPERATIONS. | $1,000 |
JUNIOR LEAGUE OF LAS VEGAS PURPOSE: DONATION FOR GENERAL OPERATIONS. | $1,500 |
JUNIOR ACHIEVEMENT OF SOUTHERN NV PURPOSE: DONATION FOR GENERAL OPERATIONS. | $5,000 |
NEVADA POLICY RESEARCH INSTITUTE PURPOSE: DONATION FOR GENERAL OPERATIONS. | $10,000 |
FRONTIER PHILANTHROPY PURPOSE: DONATION FOR GENERAL OPERATIONS. | $6,500 |
THUNDERBIRD LODGE PRESERVATION SOCIETY PURPOSE: DONATION FOR GENERAL OPERATIONS. | $5,000 |