Norman & Elaine Polsky Family Foundation
- Assets
- $2.2m
- Revenue
- $40.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Overland Park, KS
- Founding
- 01/1992
- Data as of
- 12/2022
- EIN
- 48-1092843
Organization Overview
Norman & Elaine Polsky Family Foundation is located in Overland Park, KS. The organization was established in 1992. 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. Norman & Elaine Polsky Family 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 12/2022, Norman & Elaine Polsky Family Foundation generated $40.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $26.7k during the year ending 12/2022. While expenses have increased by 8.7% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DESIGNED TO PROVIDE SUPPORT FOR OTHER CHARITABLE ORGANIZATIONS AS DESCRIBED IN SECTION 501(C) AND SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, OR RELIGIOUS PURPOSES. IT SUPPORTS ACTIVITIES FOR THE BENEFIT OF, PERFORMS THE FUNCTIONS OF, OR CARRIES OUT THE PURPOSE OF, THE GREATER KANSAS CITY COMMUNITY FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NORMAN & ELAINE POLSKY FAMILY SUPPORTING FOUNDATION (PFSF) PROVIDES GRANTS AND AWARDS TO OTHER 501(C)(3) CHARITABLE ORGANIZATIONS IN ORDER TO ALLOW THESE OTHER ORGANIZATIONS TO ESTABLISH PFSF ENDOWMENTS WITH THE HOPE THAT THE PFSF ENDOWMENT WILL ENCOURAGE THE FORMATION OF ADDITIONAL ENDOWMENTS WITHIN THE RECIPIENT CHARITABLE ORGANIZATION. DURING THE 2022 TAX YEAR, PFSF DID NOT MAKE ANY GRANTS AS THEY CHOSE TO FOCUS ON PRESERVING THE ASSET BASE OF THE FOUNDATION AFTER TWO YEARS OF SUBSTANTIAL GIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Silver President/trustee | OfficerTrustee | 0.1 | $0 |
James Rosenbloom Treasurer/trustee | OfficerTrustee | 0.1 | $0 |
Susan Mcgreevy Vice-President/trustee | OfficerTrustee | 0.1 | $0 |
Ellen Polsky Secretary/trustee | OfficerTrustee | 0.1 | $0 |
Mayor Peggy Dunn Trustee | Trustee | 0.1 | $0 |
Corey Ziegler Trustee | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $41,813 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,232 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,581 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,662 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $26,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,544 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,102,976 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,183,520 |
| Accounts payable and accrued expenses | $2,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,000 |
| Net assets without donor restrictions | $2,181,520 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,183,520 |
Grants Awarded
Over the last fiscal year, Norman & Elaine Polsky Family Foundation has awarded $283,336 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Overland Park, KS PURPOSE: CONTRIBUTE TO THE CAPITAL CAMPAIGN FOR REMODELING AND EXPANSION OF THE J | $200,000 |
Overland Park, KS PURPOSE: HELP ESTABLISH PJ LIBRARY ENDOWMENT | $83,336 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
The Cielo Foundation Boulder, CO | $91,518,762 | $7,665,188 |
Merle Chambers Fund Denver, CO | $66,462,880 | $7,349,081 |
Mutual Of Omaha Foundation Omaha, NE | $120,899,798 | $13,368,524 |
Claire M Hubbard Foundation Omaha, NE | $31,541,308 | $3,169,912 |
Maffei Foundation Denver, CO | $13,828,182 | $18,020,171 |
D F Dillon Foundation Lincoln, NE | $47,396,549 | $3,325,825 |
The Denver Health And Hospitals Foundation Denver, CO | $28,533,635 | $6,042,640 |
Dehaemers Fam Charitable Tr Overland Park, KS | $122,347,321 | $4,858,235 |
The Helmerich Trust Tulsa, OK | $102,632,790 | $13,260,619 |
World Wide Technology Foundation St Louis, MO | $15,800,629 | $11,017,439 |
Sturm Family Foundation Denver, CO | $102,941,130 | $16,700,881 |