Kotsen Family Foundation Inc
- Assets
- $578.1k
- Revenue
- $14.7k
- Investments
- $571.8k
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/2015
- Data as of
- 12/2021
- EIN
- 47-3419855
Organization Overview
Kotsen Family Foundation Inc is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kotsen Family 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 12/2021, Kotsen Family Foundation Inc generated $14.7k 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 (16.2%) each year.
Since 2017, Kotsen Family Foundation Inc has awarded 32 individual grants totaling $182,476. 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 |
|---|---|---|---|
Frank Kotsen President | 5 | $0 | |
Monique Neal Officer | 5 | $0 | |
Anna Marie Kotsen Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,805 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,931 |
| Capital Gain Net Income | $5,931 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,736 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,247 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,571 |
| Total operating and administrative expenses | $7,318 |
| Contributions, gifts, grants paid | $33,250 |
| Total expenses and disbursements | $40,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,142 |
| 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 | $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 | $254,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $177 |
| Total assets | $578,127 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Kotsen Family Foundation Inc has awarded $33,250 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
THE WHARTON FUND PURPOSE: GENERAL | $10,000 |
Englewood, NJ PURPOSE: GENERAL | $5,000 |
New York, NY PURPOSE: GENERAL | $5,000 |
LITTLE KIDS ROCK PURPOSE: GENERAL | $5,000 |
TUFTS UNIVERSITY PURPOSE: GENERAL | $5,000 |
PRINCETON UNIVERSITY PURPOSE: GENERAL | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-Hudson Valley Early Education Center Valhalla, NY | $6,537,521 | $8,697,326 |
Lehigh Valley Charter High School For The Arts Bethlehem, PA | $5,854,757 | $11,587,241 |
Potsdam Auxiliary & College Educational Services Inc Potsdam, NY | $4,868,988 | $9,108,311 |
Young Judaea Global Inc New York, NY | $6,685,322 | $8,298,645 |
Whitinsville Christian School Whitinsville, MA | $27,818,325 | $8,582,823 |
Population Media Center Inc South Burlington, VT | $17,476,959 | $10,610,118 |
Robert Benjamin Wiley Community Charter School Erie, PA | $5,943,995 | $8,110,042 |
Northside Charter High School Brooklyn, NY | $6,329,922 | $7,435,284 |
Solutions Journalism Network Inc New York, NY | $14,817,664 | $5,853,972 |
Teaching Matters Inc New York, NY | $19,609,038 | $14,154,579 |
The Leadership Academy Inc Long Island City, NY | $7,448,053 | $8,271,640 |
Midland School North Branch, NJ | $16,197,805 | $7,668,515 |