Koch Foundation Inc
- Assets
- $39.8m
- Revenue
- $5.1m
- Investments
- $39.1m
- Employees
- 0
- Location
- Evansville, IN
- Founding
- 05/1947
- Data as of
- 12/2023
- EIN
- 35-6023372
Organization Overview
Koch Foundation Inc is located in Evansville, IN. The organization was established in 1947. 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. Koch 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 12/2023, Koch Foundation Inc generated $5.1m 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 (4.2%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Koch Foundation Inc has awarded 554 individual grants totaling $10,777,481. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert L Koch II President | 2 | $0 | |
Kevin R Koch Vice President | 2 | $0 | |
James H Muehlbauer Vice President | 2 | $0 | |
Susan E Parsons Treasurer | 2 | $0 | |
Jennifer K Slade Secretary | 5 | $0 | |
David M Koch Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,600,000 |
| Interest on Savings | $87,458 |
| Dividends & Interest | $828,243 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,619,444 |
| Capital Gain Net Income | $1,619,444 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,135,145 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,961 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $66,335 |
| Contributions, gifts, grants paid | $2,897,162 |
| Total expenses and disbursements | $2,963,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $682,806 |
| 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 | $39,777,311 |
| 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, Koch Foundation Inc has awarded $2,897,162 in support to 139 organizations.
| Grant Recipient | Amount |
|---|---|
ALBION FELLOWS BACON FOUNDATION PURPOSE: CHARITABLE OPERATIONS | $5,000 |
ALEX AND ALI FOUNDATION INC PURPOSE: CHARITABLE OPERATIONS | $1,000 |
ALLIANCE FOR CATHOLIC URBAN EDUCATION PURPOSE: CHARITABLE OPERATIONS | $1,000 |
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE OPERATIONS | $1,500 |
AMERICAN FOUNDATION FOR SUICIDE PREVENTION PURPOSE: CHARITABLE OPERATIONS | $250 |
ALS PURPOSE: CHARITABLE OPERATIONS | $1,000 |