Kay Unger Family Foundation Inc
- Assets
- $8.6m
- Revenue
- $405.6k
- Investments
- $8.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 26-3818784
Organization Overview
Kay Unger Family Foundation Inc is located in New York, NY. The organization was established in 2009. 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. Kay Unger Family Foundation Inc 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, Kay Unger Family Foundation Inc generated $405.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $678.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Kay Unger Family Foundation Inc has awarded 156 individual grants totaling $2,651,793. 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 |
|---|---|---|---|
Kay Unger Pitman President | 20 | $100,000 | |
Samuel Pitman Secretary | 0 | $0 | |
Max Pitman Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,269 |
| Dividends & Interest | $321,396 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $87,359 |
| Capital Gain Net Income | $87,359 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$4,406 |
| Total Revenue | $405,618 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $45,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45,366 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,698 |
| Printing and publications | $0 |
| Other expenses | $99,832 |
| Total operating and administrative expenses | $341,620 |
| Contributions, gifts, grants paid | $337,312 |
| Total expenses and disbursements | $678,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,488 |
| 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 | $45,861 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,579,448 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $4,663 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $22,851 |
| Total liabilities | $27,514 |
Grants Awarded
Over the last fiscal year, Kay Unger Family Foundation Inc has awarded $337,312 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
ALAS-WINGS LATINA ASSOCIATION FOR BREAST CANCER PURPOSE: GENERAL AND/OR EDUCATIONAL PURPOSES | $25,000 |
DONATION THROUGH PASS THROUGH INVESTMENT IN LIMITED PARTNERSHIP PURPOSE: GENERAL AND/OR EDUCATIONAL PURPOSES | $36 |
BINGHAMPTON UNIVERSITY FUND PURPOSE: GENERAL AND/OR EDUCATIONAL PURPOSES | $200 |
LARCHMONT CHARTER SCHOOL PURPOSE: GENERAL AND/OR EDUCATIONAL PURPOSES | $21,420 |
NEW YORK CITY BALLET PURPOSE: GENERAL AND/OR EDUCATIONAL PURPOSES | $12,000 |
NEW YORK STEM CELL FOUNDATION PURPOSE: GENERAL AND/OR EDUCATIONAL PURPOSES | $100,000 |