Norman K Probstein Charitable Foundation Inc
- Assets
- $129.4k
- Revenue
- $21.3k
- Investments
- $105.6k
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 01/1995
- Data as of
- 12/2023
- EIN
- 43-1676961
Organization Overview
Norman K Probstein Charitable Foundation Inc is located in St Louis, MO. The organization was established in 1995. 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. Norman K Probstein Charitable 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, Norman K Probstein Charitable Foundation Inc generated $21.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $36.8k during the year ending 12/2023. While expenses have increased by 1.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Norman K Probstein Charitable Foundation Inc has awarded 97 individual grants totaling $358,500. 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 |
|---|---|---|---|
James Probstein Pres/treas | 1 | $0 | |
Mark Brown Vp/asst Sec | 1 | $0 | |
Dorte Probstein Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $47 |
| Dividends & Interest | $2,874 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,358 |
| Capital Gain Net Income | $18,358 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,279 |
| 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 | $21 |
| Total operating and administrative expenses | $3,257 |
| Contributions, gifts, grants paid | $33,500 |
| Total expenses and disbursements | $36,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,325 |
| Savings and temporary cash investments | $17,500 |
| 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 | $31,500 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $129,385 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,267 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,267 |
Grants Awarded
Over the last fiscal year, Norman K Probstein Charitable Foundation Inc has awarded $33,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CONTEMPORARY ART MUSEUM PURPOSE: SPECIAL PROJECTSSPECIAL PROJECTS | $16,000 |
FOREST PARK FOREVER PURPOSE: SPECIAL PROJECTS | $2,500 |
ELLIS FISCHEL SUMMER GALA PURPOSE: SPECIAL PROJECTS | $3,000 |
JEWISH FOUNDATION OF ST LOUIS PURPOSE: SPECIAL PROJECT | $2,500 |
JOHN BURROUGHS PURPOSE: SPECIAL PROJECTS | $2,000 |
ST LOUIS ART MUSEUM PURPOSE: SPECIAL PROJECTS | $2,500 |