The Kline Family Foundation
- Assets
- $1.8m
- Revenue
- $500.6k
- Investments
- $1.7m
- Employees
- 0
- Location
- Beachwood, OH
- Founding
- 06/2006
- Data as of
- 12/2022
- EIN
- 42-1688178
Organization Overview
The Kline Family Foundation is located in Beachwood, OH. 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. Kline 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 12/2022, Kline Family Foundation generated $500.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $121.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Kline Family Foundation has awarded 135 individual grants totaling $2,419,395. 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 |
|---|---|---|---|
Stuart F Kline President | 1 | $0 | |
Theresia G Kline Vice President | 1 | $0 | |
Lindsey Mayerfeld Secretary | 1 | $0 | |
Andrew Kline Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,834 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $474,736 |
| Capital Gain Net Income | $474,736 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $500,570 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,214 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,165 |
| Total operating and administrative expenses | $14,940 |
| Contributions, gifts, grants paid | $106,940 |
| Total expenses and disbursements | $121,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $57,610 |
| 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 | $21,246 |
| Total assets | $1,750,110 |
| 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 | $200 |
| Other liabilities | $0 |
| Total liabilities | $200 |
Grants Awarded
Over the last fiscal year, The Kline Family Foundation has awarded $106,940 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BIKUR CHOLIM OF CLEVELAND PURPOSE: GENERAL OPERATING FUNDS FOR EXEMPT FUNCTION | $1,000 |
CLEVELAND CHESED CENTER PURPOSE: GENERAL OPERATING FUNDS FOR EXEMPT FUNCTION | $3,700 |
CLEVELAND SIGHT CENTER PURPOSE: GENERAL OPERATING FUNDS FOR EXEMPT FUNCTION | $8,040 |
FRIENDSHIP CIRCLE PURPOSE: GENERAL OPERATING FUNDS FOR EXEMPT FUNCTION | $6,000 |
CUYAHOGA COMMUNITY COLLEGE FUND PURPOSE: FOR THE FIRST GENERATION SCHOLARSHIP FUND | $6,000 |
FUCHS MIZRACHI SCHOOL PURPOSE: GENERAL OPERATING FUNDS FOR EXEMPT FUNCTION | $6,520 |