William & Elaine Kaplan Family Charitable Foundation
- Assets
- $56.0m
- Revenue
- $1.8m
- Investments
- $53.0m
- Employees
- 0
- Location
- Newburgh, NY
- Founding
- 10/1983
- Data as of
- 12/2022
- EIN
- 22-2470361
Organization Overview
William & Elaine Kaplan Family Charitable Foundation is located in Newburgh, NY. The organization was established in 1983. 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. William & Elaine Kaplan Family 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, William & Elaine Kaplan Family Charitable Foundation generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $5.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, William & Elaine Kaplan Family Charitable Foundation has awarded 455 individual grants totaling $85,772,392. 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 |
|---|---|---|---|
William Kaplan Director, Chairman | 1 | $0 | |
Joan P Kaplan Director, President | 20 | $90,000 | |
Amy Kaplan Director, Vice President | 1 | $0 | |
David Marks Director, Treasurer | 1 | $0 | |
Richard J Drake ESQ Director | 1 | $0 | |
Dr Harold Kaplan Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ubs Financial Services Inc | 12/30/22 | $289,637 |
Drake Loeb Pllc | 12/30/22 | $54,648 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,053 |
| Dividends & Interest | $1,162,343 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $399,365 |
| Capital Gain Net Income | $373,950 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $199,318 |
| Total Revenue | $1,775,079 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $155,619 |
| Depreciation | $0 |
| Occupancy | $72,200 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $81,592 |
| Total operating and administrative expenses | $797,296 |
| Contributions, gifts, grants paid | $5,067,752 |
| Total expenses and disbursements | $5,865,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273,235 |
| Savings and temporary cash investments | $2,611,676 |
| 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 | $28,510,335 |
| Net Land, buildings, and equipment | $11,000 |
| Other assets | $70,000 |
| Total assets | $55,951,857 |
| 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, William & Elaine Kaplan Family Charitable Foundation has awarded $16,242,752 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
A BETTER CHANCE OF WESTPORT INC PURPOSE: OPERATING SUPPORT | $1,000 |
ACCESS SUPPORTS FOR LIVING FOUNDATION PURPOSE: OPERATING SUPPORT | $128,000 |
BETHEL WOODS CENTER FOR THE ARTS PURPOSE: OPERATING SUPPORT | $57,970 |
BISHOP DUNN MEMORIAL SCHOOL PURPOSE: OPERATING SUPPORT | $1,000 |
CARE DIMENSIONS PURPOSE: OPERATING SUPPORT | $50,000 |
CENTRAL SYNAGOGUE PURPOSE: OPERATING SUPPORT | $5,000 |