Robert & Ita Klein Charitable Foundation
- Assets
- $7.4m
- Revenue
- $656.5k
- Investments
- $803.5k
- Employees
- 0
- Location
- Beachwood, OH
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 46-1556994
Organization Overview
Robert & Ita Klein Charitable Foundation is located in Beachwood, OH. The organization was established in 2013. 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. Robert & Ita Klein Charitable 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 12/2021, Robert & Ita Klein Charitable Foundation generated $656.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.0%) each year. All expenses for the organization totaled $104.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (45.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Robert & Ita Klein Charitable Foundation has awarded 98 individual grants totaling $56,057,130. 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 |
|---|---|---|---|
Natan Klein Vice President And Treasur | 2 | $0 | |
Asher Yona Klein Vice President And Secreta | 2 | $0 | |
Germaine Martin Assitant Treasurer | 2 | $0 | |
Ita Klein President | 1 | $0 | |
Michael Halpern Vice President | 2 | $0 | |
Alan Jaffa Vice President | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Taft Stettinius & Hollister Llp | 12/30/15 | $55,302 |
Benesch Friedlander Coplan & Aronoff | 12/30/15 | $147,791 |
Benesch Friedlander Coplan & Aronoff | 12/30/15 | $147,791 |
Taft Stettinius & Hollister Llp | 12/30/15 | $55,302 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $205,540 |
| Interest on Savings | $1 |
| Dividends & Interest | $287 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $355,544 |
| Capital Gain Net Income | $355,544 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $95,129 |
| Total Revenue | $656,501 |
| 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 | $4,562 |
| Total operating and administrative expenses | $104,124 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $104,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,251,292 |
| 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 | $4,350,289 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $803,541 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,000,000 |
| Total assets | $7,405,122 |
| 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 | $5,963,707 |
| Other liabilities | $0 |
| Total liabilities | $5,963,707 |
Grants Awarded
Over the last fiscal year, Robert & Ita Klein Charitable Foundation has awarded $3,552,525 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FEDERATION OF CLEVELAND PURPOSE: GENERAL OPERATIONS | $2,850,000 |
Cleveland Heights, OH PURPOSE: GENERAL OPERATIONS | $648,525 |
KOLLEL BOKER BEACHWOOD PURPOSE: GENERAL OPERATIONS | $54,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Robert & Ita Klein Charitable Foundation has recieved totaling $170,000.
| Awarding Organization | Amount |
|---|---|
National Philanthropic Tr Jenkintown, PA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $170,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |