The Sidney Kimmel Foundation
- Assets
- $695.1k
- Revenue
- $42.5k
- Investments
- $678.5k
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 12/1992
- Data as of
- 07/2024
- EIN
- 23-2698492
Organization Overview
The Sidney Kimmel Foundation is located in Philadelphia, PA. The organization was established in 1992. 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. Sidney Kimmel 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 07/2024, Sidney Kimmel Foundation generated $42.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.1%) each year. All expenses for the organization totaled $19.2k during the year ending 07/2024. As we would expect to see with falling revenues, expenses have declined by (67.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sidney Kimmel Foundation has awarded 13 individual grants totaling $8,006,504. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT CONTRIBUTION TO THE UNIVERSITY OF PENNSYLVANIA DEPARTMENT OF OPTHALMOLOGY IN THE SPONSORSHIP OF THE CHAIR OF RETINAL AND VITEOUS DISEASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sidney Kimmel President | 0 | $0 | |
Matthew Kamens Vp, Secretary, Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $407 |
| Dividends & Interest | $27,593 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$466 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,534 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $357 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,737 |
| Total operating and administrative expenses | $6,669 |
| Contributions, gifts, grants paid | $12,500 |
| Total expenses and disbursements | $19,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,750 |
| 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 | $9,866 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $695,128 |
| 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, The Sidney Kimmel Foundation has awarded $12,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE UCLA FOUNDATION PURPOSE: IN MEMORY OF BILLY FRIEDKIN | $5,000 |
RUTGERS UNIVERSITY FOUNDATION PURPOSE: ALFREDO SANTIAGO ENDOWED SCHOLARSHIP FUND | $5,000 |
HAYMAKERS FOR HOPE PURPOSE: FUNDRAISING | $2,500 |