Kassel-Backer Fam Foundation
- Assets
- $844.6k
- Revenue
- $178.3k
- Investments
- $808.9k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 11/2005
- Data as of
- 12/2021
- EIN
- 22-6966562
Organization Overview
Kassel-Backer Fam Foundation is located in Brooklyn, NY. The organization was established in 2005. 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. Kassel-Backer Fam 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, Kassel-Backer Fam Foundation generated $178.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $328.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kassel-Backer Fam Foundation has awarded 43 individual grants totaling $718,037. 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 |
|---|---|---|---|
Michael A Backer Trustee | 0.5 | $0 | |
Stephen Backer Trustee | 0.5 | $0 | |
Terry Kassel Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $218 |
| Dividends & Interest | $10,288 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $167,791 |
| Capital Gain Net Income | $167,791 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $178,297 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $8 |
| Taxes | $1,598 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,369 |
| Total operating and administrative expenses | $16,975 |
| Contributions, gifts, grants paid | $311,092 |
| Total expenses and disbursements | $328,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,666 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $57 |
| 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 | $844,627 |
| 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, Kassel-Backer Fam Foundation has awarded $311,092 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FOOD SOCIETY PURPOSE: TO HONOR, REVITALIZE, PRESERVE, AND CELEBRATE JEWISH CULINARY TRADITIONS | $150,000 |
NATIONAL PHILANTHROPIC TRUST PURPOSE: TO PROVIDE PHILANTHROPIC EXPERTISE TO DONORS, FOUNDATIONS AND FINANCIAL INSTITUTIONS, ENABLING THEM TO REALIZE THEIR PHILANTHROPIC ASPIRATIONS | $100,000 |
Montclair, NJ PURPOSE: TO COLLECT, PRESERVE AND PRESENT AMERICAN AND NATIVE AMERICAN ART BY EXHIBITION AND EDUCATIONAL PROGRAMS | $20,000 |
ROMEMU PURPOSE: TO TO HELP JEWS AND NON-JEWS CONNECT TO THEIR SOUL AND CREATOR AND LIVE AN ELEVATED LIFE THROUGH TEACHINGS OF JUDAISM, SHABBAT SERVICES, MUSIC, PRAYER TORAH LEARNING AND OPPORTUNITIES TO CONNECT WITH SPIRITUAL LEADERS | $15,000 |
Washington, DC PURPOSE: TO PREVENT CRUELTY, ABUSE, NEGLECT AND EXPLOITATIONOF CHILDREN AND ANIMALS AND ASSURE THEIR INTERESTS AND WELL-BEINGARE FULLY, EFFECTIVELY AND HUMANELY GUARANTEED BY AN AWARE AND CARING SOCIETYTO PROMOTE SPIRITUAL DEVELOPMENT IN THE JEWISH RELIGION | $5,000 |
Scotch Plains, NJ PURPOSE: TO FOSTER HUMAN INTERACTION AND HEALING THROUGH THE ART OF LIVE MUSICAL PERFORMANCE, BRINING OUR PROGRAMS TO YOUTH AT RISK, VETERANS, SENIORS AND HOSPITALS AND HOSPICES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |