Kahlert Foundation Inc
- Assets
- $93.2m
- Revenue
- $19.2m
- Investments
- $84.3m
- Employees
- 0
- Location
- Sykesville, MD
- Founding
- 08/1993
- Data as of
- 06/2022
- EIN
- 52-1798711
Organization Overview
Kahlert Foundation Inc is located in Sykesville, MD. 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. Kahlert 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 06/2022, Kahlert Foundation Inc generated $19.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $16.8m during the year ending 06/2022. While expenses have increased by 4.9% per year over the past 7 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.
Since 2015, Kahlert Foundation Inc has awarded 1,007 individual grants totaling $100,129,284. 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 |
|---|---|---|---|
Heather K Kahlert Vice President | 30 | $158,503 | |
Greg W Kahlert President | 30 | $136,250 | |
Ellen F Myers Executive Director | 30 | $108,494 | |
Roberta S Kahlert Vice President/treasurer | 1 | $0 | |
Harold W Walsh Executive Vice President | 1 | $0 | |
Ronald F Tutrone MD Vice President | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brown Advisory Incorporated | 6/29/22 | $74,695 |
T Rowe Price Associates Inc | 6/29/22 | $132,003 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,258 |
| Dividends & Interest | $849,340 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,305,838 |
| Capital Gain Net Income | $18,305,838 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4 |
| Total Revenue | $19,162,440 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $403,247 |
| Other employee salaries and wages | $36,333 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $268,865 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $26,893 |
| Printing and publications | $0 |
| Other expenses | $9,142 |
| Total operating and administrative expenses | $976,693 |
| Contributions, gifts, grants paid | $15,806,159 |
| Total expenses and disbursements | $16,782,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,620,842 |
| Savings and temporary cash investments | $1,961,767 |
| 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 | $300,942 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $93,179,960 |
| 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, Kahlert Foundation Inc has awarded $15,806,159 in support to 187 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF UTAH PURPOSE: TO FUND KAHLERT VILLAGE / KAHLERT INITIATIVE FOR TECHNOLOGY (KIT) | $1,000,000 |
Salt Lake City, UT PURPOSE: TO SUPPORT PRIMARY CHILDREN'S HOSPITAL, PEDIATRIC CANCER AND INFUSION CENTER | $1,000,000 |
Towson, MD PURPOSE: TO FUND TOWSON UTEACH, ENGLISH LANGUAGE LEARNER (ELL) STUDENT SUCCESS FUND & CHP BUILDING | $600,000 |
Salt Lake City, UT PURPOSE: TO SUPPORT SPY HOP YOUTH MEDIA ARTS CENTER AND SPY HOP'S NEW YOUTH MEDIA ARTS CENTER | $550,000 |
HOWARD COUNTY GENERAL HOSPITAL PURPOSE: TO SUPPORT THE PROMISE OF WOMEN'S HEALTH, HEROES IN HEALTHCARE, AND SPONSORSHIP FY 2022 | $507,500 |
Westminster, MD PURPOSE: TO FUND THE DR. FLAVIO KRUTER ONCOLOGY PROGRAM DIRECTORSHIP ENDOWED FUND | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |
The Morningstar Philanthropic Foundation Bethesda, MD | $552,631,179 | $17,887,743 |
Wyncote Foundation Philadelphia, PA | $612,779,360 | $16,336,575 |
Danville Regional Foundation Danville, VA | $280,479,931 | $21,605,962 |
Freedom Forum Inc Laurel, MD | $0 | $16,145,029 |