Kolitz Foundation Inc
- Assets
- $42.7k
- Revenue
- $214.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 02/2006
- Data as of
- 12/2022
- EIN
- 41-2181211
Organization Overview
Kolitz Foundation Inc is located in Austin, TX. The organization was established in 2006. 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. Kolitz 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, Kolitz Foundation Inc generated $214.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $216.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kolitz Foundation Inc has awarded 92 individual grants totaling $2,645,040. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SMITHSONIAN NATIONAL MUSEUM OF NATURAL HISTORY. PUBLIC CHARITY.
JEWISH FEDERATION OF SAN ANTONIO. PUBLIC CHARITY
MAGELLAN INTERNATIONAL SCHOOL. EDUCATION INSTITUTION.
GOLF SAN ANTONIO - VALERO OPEN. PUBLIC CHARITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Kolitz Manager | 0 | $0 | |
Sandora Kolitz Manager | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $214,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $214,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $216,559 |
| Total expenses and disbursements | $216,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,655 |
| 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 | $42,655 |
| 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, Kolitz Foundation Inc has awarded $216,559 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
TEMPLE BETH EL PURPOSE: OPERATIONS | $12,059 |
FIRST TEE OF SAN ANTONIO PURPOSE: OPERATIONS | $10,000 |
ELEANOR KOLITZ ACADEMY PURPOSE: OPERATIONS | $15,000 |
MAGELLAN INTERNATIONAL SCHOOL PURPOSE: OPERATION | $25,000 |
THRIVEWELL CANCER FOUNDATION PURPOSE: OPERATIONS | $15,000 |
JEWISH FEDERATION OF SAN ANTONIO PURPOSE: OPERATION | $25,000 |