Adel B Korkor Md Foundation Inc
- Assets
- $2.6m
- Revenue
- $347.1k
- Investments
- $2.6m
- Employees
- 0
- Location
- Delafield, WI
- Founding
- 08/2015
- Data as of
- 12/2022
- EIN
- 47-4758259
Organization Overview
Adel B Korkor Md Foundation Inc is located in Delafield, WI. The organization was established in 2015. 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. Adel B Korkor MD 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.
Since 2017, Adel B Korkor MD Foundation Inc has awarded 79 individual grants totaling $786,206. 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 |
|---|---|---|---|
Adel B Korkor President | 10 | $0 | |
Bassel Korkor Vice President | 1 | $0 | |
Julie Acker Treasurer | 1 | $0 | |
Mark Blum Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $78,634 |
| Interest on Savings | $43 |
| Dividends & Interest | $75,419 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $193,005 |
| Capital Gain Net Income | $193,005 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $347,101 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $151,886 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,680 |
| Depreciation | $1,129 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $108,236 |
| Total operating and administrative expenses | $276,931 |
| Contributions, gifts, grants paid | $212,138 |
| Total expenses and disbursements | $489,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,553 |
| 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 | $1,761 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,696 |
| Total assets | $2,604,650 |
| Accounts payable and accrued expenses | $34,194 |
| 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 | $34,194 |
Grants Awarded
Over the last fiscal year, Adel B Korkor Md Foundation Inc has awarded $212,138 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WISCONSIN-MADISON PURPOSE: MENTAL HEALTH EDUCATION | $25,000 |
PENFIELD CHILDREN'S CENTER PURPOSE: MENTAL HEALTH EDUCATION | $25,000 |
UNIVERSITY OF WISCONSIN - MILWAUKEE PURPOSE: MENTAL HEALTH EDUCATION | $25,000 |
BRAIN RESEARCH FOUNDATION PURPOSE: MENTAL HEALTH EDUCATION | $1,000 |
KARAM FOUNDATION PURPOSE: MENTAL HEALTH EDUCATION | $12,000 |
MARQUETTE UNIVERSITY PURPOSE: MENTAL HEALTH EDUCATION | $12,500 |