Kislak Family Foundation Inc
- Assets
- $173.6m
- Revenue
- $24.1m
- Investments
- $172.7m
- Employees
- 0
- Location
- Miami Lakes, FL
- Founding
- 02/1993
- Data as of
- 12/2023
- EIN
- 65-0350930
Organization Overview
Kislak Family Foundation Inc is located in Miami Lakes, FL. The organization was established in 1993. 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. Kislak Family 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 12/2023, Kislak Family Foundation Inc generated $24.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 58.4% each year . All expenses for the organization totaled $13.9m during the year ending 12/2023. While expenses have increased by 31.0% per year over the past 8 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 |
|---|---|---|---|
Paula A Kislak President/director/trustee | 8 | $60,000 | |
Philip T Kislak Vice Pres/director/trustee | 1 | $0 | |
Thomas Bartelmo Ceo/treasurer/director/trustee | 32 | $836,558 | |
John Lombardi Director/trustee | 10 | $90,000 | |
Alicia Asencio Secretary | 11 | $59,100 | |
Cheryl A Lubow Vice President | 11 | $102,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Schulte Roth & Zabel Llp | 12/30/21 | $67,124 |
Cynthia Wine | 12/30/21 | $51,000 |
Schulte Roth Zabel Llp | 12/30/21 | $0 |
Cynthia Wine | 12/30/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,982,142 |
| Interest on Savings | $17,774 |
| Dividends & Interest | $3,800,614 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $644,551 |
| Capital Gain Net Income | $761,271 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,664,413 |
| Total Revenue | $24,109,494 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,147,658 |
| Other employee salaries and wages | $243,224 |
| Pension plans, employee benefits | $0 |
| Interest | $12,369 |
| Taxes | $263,997 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,411 |
| Printing and publications | $0 |
| Other expenses | $359,097 |
| Total operating and administrative expenses | $2,247,467 |
| Contributions, gifts, grants paid | $11,636,125 |
| Total expenses and disbursements | $13,883,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $787,870 |
| Net Accounts receivable | $232 |
| 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 | $172,717,903 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $116,566 |
| Total assets | $173,622,571 |
| Accounts payable and accrued expenses | $192,622 |
| 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 | $192,622 |