Norman & Elaine Polsky Family Charitable Foundation
- Assets
- $2.7m
- Revenue
- $4.7k
- Investments
- $2.6m
- Employees
- 0
- Location
- Overland Park, KS
- Founding
- 08/2000
- Data as of
- 12/2023
- EIN
- 48-1232337
Organization Overview
Norman & Elaine Polsky Family Charitable Foundation is located in Overland Park, KS. The organization was established in 2000. 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 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 12/2023, Norman & Elaine Polsky Family Charitable Foundation generated $4.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (49.3%) each year. All expenses for the organization totaled $169.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Norman & Elaine Polsky Family Charitable Foundation has awarded 139 individual grants totaling $709,500. 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
N/A -- ALL CHARITABLE CONTRIBUTIONS WERE CASH CONTRIBUTIONS PAID DIRECTLY TO THE CHARITABLE ORGANIZATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Salazar Co-Trustee | 0.1 | $0 | |
Ellen Ginsburg Polsky Co-Trustee | 0.1 | $0 | |
Karen Polsky Kent Co-Trustee | 0.1 | $0 | |
Steven Polsky Co-Trustee | 0.1 | $0 | |
Autumn Kent Desimone Co-Trustee | 0.1 | $0 | |
Renee Polsky Silver Co-Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,903 |
| Dividends & Interest | $54,314 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$67,504 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,713 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $978 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $158 |
| Total operating and administrative expenses | $23,986 |
| Contributions, gifts, grants paid | $145,000 |
| Total expenses and disbursements | $168,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,757 |
| Savings and temporary cash investments | $114,912 |
| 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 | $1,112,757 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $458 |
| Total assets | $2,694,633 |
| 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, Norman & Elaine Polsky Family Charitable Foundation has awarded $145,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ASPEN COUNTRY DAY SCHOOL PURPOSE: COMMITMENT TO RIGOROUS ACADEMICS, CREATIVE ARTS, AND OUTDOOR EDUCATION WHICH IGNITES CURIOSITY, CONFIDENCE AND CRITICAL THINKING. ENCOURAGE STUDENTS TO STRIVE FOR INDIVIDUAL EXCELLENCE AND INSTILLS IN THEM A LIFELONG LOVE OF LEARNING, SENSE OF PURPOSE AND RESPONSIBLE CITIZENSHIP | $1,000 |
GROUPMUSE FOUNDATION PURPOSE: PROVIDE MUSICIANS WITH TECHNOLOGY, TOOLS AND TRAINING TO CULTIVATE AND CONNECT TO ONLINE AUDIENCES, SUPPORT EDUCATIONAL AND OUTREACH PROJECTS THAT WELCOMES PEOPLE OF ALL BACKGROUNDS | $2,000 |
JEWISH FAMILY & CHILDREN'S SERVICES OF SAN FRANCISCO PURPOSE: LIFELINE FOR CHILDREN, ADULTS, AND FAMILIES FACING PERSONAL CRISES OR CHALLENGES | $2,000 |
HORIZONS FOUNDATION PURPOSE: HELP IMPROVE LIVES OF LGBT COMMUNITYRELIGIOUS, EDUCATIONAL AND CHARITABLE PURPOSE OF TAX EXEMPT ORGANIZATION | $2,000 |
SOUTHERN POVERTY LAW CENTER PURPOSE: HELP SEEK JUSTICE FOR MOST VULNERABLE MEMBERS OF SOCIETY | $2,000 |
CONGREGATION SHA'AR ZAHAV-THE RAINBOW FUND PURPOSE: RELIGIOUS, EDUCATIONAL AND CHARITABLE PURPOSE OF TAX EXEMPT ORGANIZATION | $2,000 |