Cyrus Katzen Foundation Inc
- Assets
- $36.4m
- Revenue
- $1.2m
- Investments
- $35.3m
- Employees
- 0
- Location
- Baileys Crossroads, VA
- Founding
- 07/1993
- Data as of
- 11/2023
- EIN
- 52-1756979
Organization Overview
Cyrus Katzen Foundation Inc is located in Baileys Crossroads, VA. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Cyrus Katzen 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 11/2023, Cyrus Katzen Foundation Inc generated $1.2m 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 (23.4%) each year. All expenses for the organization totaled $2.2m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Cyrus Katzen Foundation Inc has awarded 232 individual grants totaling $8,965,420. 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 |
|---|---|---|---|
Jay E Katzen Director | 4 | $44,128 | |
John R Brunner Director | 4 | $44,128 | |
Julie K Muchnick Director | 4 | $44,060 | |
Marc R Feinberg Director | 8 | $103,908 | |
Millard S Bennett Director | 12 | $150,394 | |
Stacy K Nidus Director | 4 | $44,350 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Trust | 11/29/23 | $144,668 |
Truist | 11/29/23 | $53,428 |
Culmore Realty Company | 11/29/23 | $185,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $99,103 |
| Dividends & Interest | $938,976 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $175,040 |
| Capital Gain Net Income | $175,040 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,756 |
| Total Revenue | $1,228,875 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $430,968 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,677 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $189,188 |
| Total operating and administrative expenses | $884,092 |
| Contributions, gifts, grants paid | $1,315,500 |
| Total expenses and disbursements | $2,199,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $315,699 |
| Savings and temporary cash investments | $745,059 |
| 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 | $12,948 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $20,612,456 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $36,381,168 |
| 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, Cyrus Katzen Foundation Inc has awarded $1,315,500 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
A WIDER CIRCLE PURPOSE: GENERAL SUPPORT | $5,000 |
ALSA PURPOSE: GENERAL SUPPORT | $12,500 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL SUPPORT | $2,500 |
AMERICAN SYRINGGOMYELIA & CHIARI ALLIANCE PURPOSE: GENERAL SUPPORT | $10,000 |
ARTISTS 4 ISRAEL PURPOSE: GENERAL SUPPORT | $11,000 |
BANK OF AMERICA CHARITABLE GIFT FUND PURPOSE: GENERAL SUPPORT | $25,000 |