Morris Kesselman & Rita Kesselman Foundation Trust
- Assets
- $127.9k
- Revenue
- $5.4k
- Investments
- $91.6k
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 08/1971
- Data as of
- 12/2022
- EIN
- 23-7131707
Organization Overview
Morris Kesselman & Rita Kesselman Foundation Trust is located in Palm Beach Gardens, FL. The organization was established in 1971. 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. Morris Kesselman & Rita Kesselman Foundation Trust 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, Morris Kesselman & Rita Kesselman Foundation Trust generated $5.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $19.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Kesselman Trustee | 5 | $0 | |
Rita Kesselman Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,430 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,430 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $175 |
| Total operating and administrative expenses | $2,460 |
| Contributions, gifts, grants paid | $17,000 |
| Total expenses and disbursements | $19,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,353 |
| Savings and temporary cash investments | $31,996 |
| 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 | $127,933 |
| 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, Morris Kesselman & Rita Kesselman Foundation Trust has awarded $17,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH COMMUNITY CENTER OF PURPOSE: UNRESTRICTED | $2,000 |
THE KIND KITCHEN OF PALM BEACH PURPOSE: UNRESTRICTED | $2,000 |
PLAY FOR PINK INC PURPOSE: UNRESTRICTED | $2,000 |
PAN MASS CHALLENGE PURPOSE: UNRESTRICTED | $500 |
UNITED STATE HOLOCAUST MEMORIAL PURPOSE: UNRESTRICTED | $1,000 |
JEWISH FEDERATION OF PALM BEACH PURPOSE: UNRESTRICTED | $500 |