Kaplen Brothers Fund Inc
- Assets
- $90.2m
- Revenue
- $2.3m
- Investments
- $88.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2012
- Data as of
- 12/2023
- EIN
- 45-4694896
Organization Overview
Kaplen Brothers Fund Inc is located in New York, NY. The organization was established in 2012. 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. Kaplen Brothers Fund 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, Kaplen Brothers Fund Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $6.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kaplen Brothers Fund Inc has awarded 194 individual grants totaling $22,723,125. 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 |
|---|---|---|---|
Veronica Kaplen Trustee | 1 | $500 | |
Lawrence Kaplen Trustee | 1 | $500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pnc Bank | 12/30/18 | $973 |
Tweedy Browne Llc | 12/30/18 | $112,886 |
M A Weatherbie & Co | 12/30/18 | $272,174 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,604,445 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$329,528 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $43,965 |
| Total Revenue | $2,318,882 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32,512 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,776 |
| Total operating and administrative expenses | $284,108 |
| Contributions, gifts, grants paid | $5,816,500 |
| Total expenses and disbursements | $6,100,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $490,061 |
| Savings and temporary cash investments | $752,286 |
| 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 | $57,261,723 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $90,181,324 |
| 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 | $11,872 |
| Total liabilities | $11,872 |
Grants Awarded
Over the last fiscal year, Kaplen Brothers Fund Inc has awarded $5,816,500 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
350ORG PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
ABUNDANT WATERS INC PURPOSE: GENERAL OPERATING SUPPORT | $175,000 |
AMBER WAVES FARM PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
AMERICAN CIVIL LIBERTIES UNION PURPOSE: FOR POLICE REFORM | $25,000 |
AMERICAN JOURNALISM PROJECT PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
AMHERST EARLY MUSIC INC PURPOSE: UNRESTRICTED | $2,500 |