Sidney I Kornhauser Foundation Inc
- Assets
- $340.3k
- Revenue
- $21.2k
- Investments
- $289.6k
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 05/1958
- Data as of
- 06/2023
- EIN
- 61-6053024
Organization Overview
Sidney I Kornhauser Foundation Inc is located in Louisville, KY. The organization was established in 1958. 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. Sidney I Kornhauser 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 06/2023, Sidney I Kornhauser Foundation Inc generated $21.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $23.7k during the year ending 06/2023. While expenses have increased by 9.9% per year over the past 6 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Isaacs MD President | 1 | $0 | |
Todd Purkiss MD Secretary | 1 | $0 | |
Jeremy Clark MD Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,998 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,657 |
| Capital Gain Net Income | $12,657 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,257 |
| Total operating and administrative expenses | $8,137 |
| Contributions, gifts, grants paid | $15,600 |
| Total expenses and disbursements | $23,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,715 |
| 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 | $63,509 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $340,286 |
| 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, Sidney I Kornhauser Foundation Inc has awarded $15,600 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
PHI DE KENTUCKY BETA CHAPTER PURPOSE: TRAVEL GRANT | $1,600 |
JULIAN MARCET PURPOSE: TRAVEL GRANT | $286 |
JOSEPH HOLLAND PURPOSE: SCHOLARSHIP | $4,000 |
MAX ROGERS PURPOSE: SCHOLARSHIP | $1,500 |
KAREN UDOH PURPOSE: SCHOLARSHIP | $1,500 |
SARINA LOWBER PURPOSE: TRAVEL GRANT | $400 |