Louis J And June E Kay Foundation
- Assets
- $14.9m
- Revenue
- $890.2k
- Investments
- $9.0m
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 07/2008
- Data as of
- 12/2023
- EIN
- 26-2145377
Organization Overview
Louis J And June E Kay Foundation is located in Stamford, CT. The organization was established in 2008. 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. Louis J And June E Kay 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 12/2023, Louis J And June E Kay Foundation generated $890.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 13.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Louis J And June E Kay Foundation has awarded 139 individual grants totaling $4,975,500. 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 |
|---|---|---|---|
June E Kay President | 2 | $0 | |
Jacob Salomon Treasurer And Secretary | 24 | $150,000 | |
Melanie Papkov Vice President | 24 | $75,000 | |
Esterina Herman Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Melanie Papkov | 12/30/23 | $75,000 |
Jacob Salomon | 12/30/23 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $176,883 |
| Dividends & Interest | $574,338 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$160,982 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $890,239 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $225,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $251,925 |
| Contributions, gifts, grants paid | $939,000 |
| Total expenses and disbursements | $1,190,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,901,851 |
| 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 | $245,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,942,522 |
| 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, Louis J And June E Kay Foundation has awarded $939,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S DRUG DISCOVERY FOUNDATION PURPOSE: GENERAL PURPOSE | $80,000 |
ALZHEIMERS DRUG DISCOVERY FUND PURPOSE: GENERAL PURPOSE | $25,000 |
CARINGKIND PURPOSE: GENERAL PURPOSEGENERAL PURPOSEGENERAL PURPOSE | $25,000 |
CHRON'S & COLITIS FOUNDATION OF AMERICA PURPOSE: GENERAL PURPOSE | $80,000 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: GENERAL PURPOSE | $35,000 |
FISHER CENTER FOR ALZHEIMER'S RESEARCH FOUNDATION PURPOSE: GENERAL PURPOSE | $25,000 |