Michael A Kahn Family Foundation
- Assets
- $6.8m
- Revenue
- $517.5k
- Investments
- $6.7m
- Employees
- 0
- Location
- Pineville, NC
- Founding
- 01/2011
- Data as of
- 12/2019
- EIN
- 27-2449310
Organization Overview
Michael A Kahn Family Foundation is located in Pineville, NC. The organization was established in 2011. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Michael A Kahn Family 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 12/2019, Michael A Kahn Family Foundation generated $517.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 36.8% each year . All expenses for the organization totaled $683.2k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Michael A Kahn Family Foundation has awarded 56 individual grants totaling $1,812,950. 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.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $163,260 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $354,255 |
| Capital Gain Net Income | $354,255 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $517,515 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $177,811 |
| Contributions, gifts, grants paid | $505,350 |
| Total expenses and disbursements | $683,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,802 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,827,653 |
| 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, Michael A Kahn Family Foundation has awarded $505,350 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Charlotte, NC PURPOSE: GENERAL | $100,000 |
Charlotte, NC PURPOSE: GENERAL | $100,000 |
UNIVERSITY OF GA ATHELTIC ASSOCIATION PURPOSE: GENERAL | $92,100 |
THE FLETCHER SCHOOL PURPOSE: GENERAL | $32,000 |
FCA UGA CHAPLAINS PURPOSE: GENERAL | $30,000 |
Athens, GA PURPOSE: GENERAL | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Company Charitable Foundation Inc Atlanta, GA | $133,098,319 | $27,836,912 |
Burroughs Wellcome Fund Research Triangle Park, NC | $946,804,754 | $86,337,046 |
Dollywood Foundation Pigeon Forge, TN | $23,282,143 | $42,750,755 |
Blue Cross And Blue Shield Of North Carolina Foundation Durham, NC | $253,862,813 | $27,558,288 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |