Kurr Foundation
- Assets
- $9.4m
- Revenue
- $1.1m
- Investments
- $9.1m
- Employees
- 0
- Location
- Middletown, NJ
- Founding
- 11/1993
- Data as of
- 12/2022
- EIN
- 22-3176150
Organization Overview
Kurr Foundation is located in Middletown, NJ. The organization was established in 1993. 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. Kurr 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, Kurr Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.9% each year . All expenses for the organization totaled $437.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kurr Foundation has awarded 307 individual grants totaling $1,753,026. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Gaughran Trustee | 5 | $45,000 | |
Catherine F Donohue Trustee | 5 | $45,000 | |
Joseph Zock Trustee | 5 | $45,000 | |
Kevin K Murphy Trustee | 5 | $45,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Train Babcock Advisors Llc | 12/30/16 | $62,258 |
Kevin W Clune Cpa Llc | 12/30/16 | $35,000 |
Train Babcock Advisors Llc | 12/30/16 | $62,258 |
Kevin W Clune Cpa Llc | 12/30/16 | $35,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $195,586 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$118,064 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,026,694 |
| Total Revenue | $1,104,222 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $180,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,001 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,233 |
| Total operating and administrative expenses | $313,167 |
| Contributions, gifts, grants paid | $124,000 |
| Total expenses and disbursements | $437,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,726 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,411,594 |
| 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, Kurr Foundation has awarded $124,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF MONMOUTH COUNTY PURPOSE: COMMUNITY | $2,000 |
CALVARY HOSPITAL PURPOSE: MEDICAL ASSISTANCE | $11,500 |
CHANNEL THIRTEEN (WNET) PURPOSE: EDUCATIONAL AND COMMUNITY | $1,500 |
FAMILY AND CHILDREN'S SERVICES PURPOSE: COMMUNITY | $6,500 |
NEW YORK BOTANICAL GARDENS PURPOSE: COMMUNITY ASSISTANCE | $1,500 |
KATERI DAY CAMP AT THE COLLIER SCHOOL PURPOSE: COMMUNITY ASSISTANCE | $2,000 |