Gary & Connie Kunis Foundation
- Assets
- $1.2m
- Revenue
- $546.0k
- Investments
- $847.9k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 46-1957624
Organization Overview
Gary & Connie Kunis Foundation is located in Wilmington, DE. 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. Gary & Connie Kunis 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 12/2023, Gary & Connie Kunis Foundation generated $546.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $281.6k during the year ending 12/2023. While expenses have increased by 16.4% per year over the past 5 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 2019, Gary & Connie Kunis Foundation has awarded 131 individual grants totaling $865,294. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ONLY ACTIVITY OF THE FOUNDATION IS MAKING CONTRIBUTIONS TO OTHER IRC SECTION 501(C)(3) CHARITABLE ORGANZIATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Kleinman Dir | 1 | $0 | |
Gary Kunis Dir, Pres, Treas | 6 | $0 | |
Connie Wong Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $505,398 |
| Interest on Savings | $5,100 |
| Dividends & Interest | $17,979 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,542 |
| Capital Gain Net Income | $405,362 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $546,019 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $704 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,281 |
| Printing and publications | $0 |
| Other expenses | $16,523 |
| Total operating and administrative expenses | $21,539 |
| Contributions, gifts, grants paid | $260,074 |
| Total expenses and disbursements | $281,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $352,763 |
| 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 | $1,200,625 |
| 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 | $1,260 |
| Total liabilities | $1,260 |
Grants Awarded
Over the last fiscal year, Gary & Connie Kunis Foundation has awarded $260,074 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
BAROQUE MUSIC MONTANA INC PURPOSE: GENERAL & UNRESTRICTED | $1,500 |
AMERICAN FRIENDS OF SINGAPORE MANAGEMENT UNIVERSIT PURPOSE: GENERAL & UNRESTRICTED | $8,000 |
BINGHAMTON UNIVERSITY PURPOSE: GENERAL & UNRESTRICTED | $105,000 |
BOZEMAN SYMPHONY SOCIETY PURPOSE: GENERAL & UNRESTRICTED | $30,374 |
COCOON HOUSE PURPOSE: GENERAL & UNRESTRICTED | $1,500 |
FEEDING AMERICA PURPOSE: GENERAL & UNRESTRICTED | $500 |