Mitchell P And Karen J Kopin Family Foundation Inc
- Assets
- $2.6m
- Revenue
- $246.1k
- Investments
- $2.5m
- Employees
- 0
- Location
- Delray, FL
- Founding
- 01/2005
- Data as of
- 12/2023
- EIN
- 36-7336015
Organization Overview
Mitchell P And Karen J Kopin Family Foundation Inc is located in Delray, FL. The organization was established in 2005. 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. Mitchell P And Karen J Kopin 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 12/2023, Mitchell P And Karen J Kopin Family Foundation Inc generated $246.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $158.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mitchell P And Karen J Kopin Family Foundation Inc has awarded 65 individual grants totaling $500,429. 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 |
|---|---|---|---|
Mitchell P Kopin President | 2 | $0 | |
Karen J Kopin Secretary | 1 | $0 | |
Jeffrey Kopin Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,000 |
| Interest on Savings | $2,681 |
| Dividends & Interest | $140,143 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,277 |
| Capital Gain Net Income | $28,277 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $246,101 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,901 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $41,036 |
| Contributions, gifts, grants paid | $117,230 |
| Total expenses and disbursements | $158,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $100,650 |
| 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 | $1,321,287 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,642,962 |
| Accounts payable and accrued expenses | $7,993 |
| 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 | $7,993 |
Grants Awarded
Over the last fiscal year, Mitchell P And Karen J Kopin Family Foundation Inc has awarded $117,230 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH UNITED FUND PURPOSE: SOCIAL AND COMMUNITY SERVICES | $54,180 |
JEWISH FEDERATION OF SOUTH FLORIDA PURPOSE: SOCIAL AND COMMUNITY SERVICES | $11,180 |
CAMP RAMAH PURPOSE: RELIGIOUS SERVICES | $180 |
NORTH SUBURBAN SYNAGOGUE BETH EL PURPOSE: TO SUPPORT RELIGIOUS PROGRAMS | $30,810 |
ALBERT EINSTEIN ACADEMY PURPOSE: RELIGIOUS AND ACADEMIC SERVICES | $10,000 |
THE ARK PURPOSE: SOCIAL SERVICES | $500 |