Harry L Katz Memorial Trust Fund
- Assets
- $3.3m
- Revenue
- $157.2k
- Investments
- $3.1m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 02/1976
- Data as of
- 12/2022
- EIN
- 51-0171174
Organization Overview
Harry L Katz Memorial Trust Fund is located in Las Vegas, NV. The organization was established in 1976. 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. Harry L Katz Memorial Trust Fund 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, Harry L Katz Memorial Trust Fund generated $157.2k 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 (14.5%) each year. All expenses for the organization totaled $251.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Harry L Katz Memorial Trust Fund has awarded 18 individual grants totaling $663,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert P Lang ESQ Co-Trustee | 1 | $10,501 | |
Steven D Scherzer ESQ Co-Trustee | 1 | $10,500 | |
Wells Fargo Bank N A Trustee | 1 | $52,502 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $123,386 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,783 |
| Capital Gain Net Income | $33,783 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $157,169 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $73,503 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,273 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $43 |
| Total operating and administrative expenses | $86,077 |
| Contributions, gifts, grants paid | $165,000 |
| Total expenses and disbursements | $251,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106 |
| Savings and temporary cash investments | $196,645 |
| 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 | $2,275,729 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,338,081 |
| 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, Harry L Katz Memorial Trust Fund has awarded $165,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH COMMUNITY CENTER OF ATLANTIC COUN PURPOSE: GENERAL OPERATING | $50,000 |
JEWISH FAMILY SERVICE OF ATLANTIC COUNTY PURPOSE: GENERAL OPERATING | $35,000 |
BOARD OF JEWISH EDUCATION OF ATLANTIC CO PURPOSE: GENERAL OPERATING | $30,000 |
JEWISH OLDER ADULT SERVICES OF ATLANTIC PURPOSE: GENERAL OPERATING | $50,000 |