Karl Kirchgessner Foundation
- Assets
- $21.3m
- Revenue
- $1.3m
- Investments
- $20.9m
- Employees
- 0
- Location
- Sherman Oaks, CA
- Founding
- 03/2003
- Data as of
- 06/2021
- EIN
- 68-0530356
Organization Overview
Karl Kirchgessner Foundation is located in Sherman Oaks, CA. The organization was established in 2003. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Karl Kirchgessner Foundation 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 06/2021, Karl Kirchgessner Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Karl Kirchgessner Foundation has awarded 147 individual grants totaling $2,507,700. 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 |
|---|---|---|---|
Kathleen Mcgrath Kramer Vice President/treasurer/secretary | 10 | $42,750 | |
Michael Kramer President/director | 10 | $40,750 | |
Robert A Huber Senior Vice President/director | 2 | $17,350 | |
Elizabeth Murray Director | 1 | $4,750 | |
Florencia Murphy Od Director | 1 | $4,000 | |
Thomas C Lee MD Director | 1 | $2,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $678,736 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $653,993 |
| Capital Gain Net Income | $653,993 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,988 |
| Total Revenue | $1,349,717 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $113,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $72,986 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,461 |
| Printing and publications | $0 |
| Other expenses | $8,365 |
| Total operating and administrative expenses | $426,923 |
| Contributions, gifts, grants paid | $600,590 |
| Total expenses and disbursements | $1,027,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $475,837 |
| Savings and temporary cash investments | $0 |
| 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 | $17,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,343,053 |
| Accounts payable and accrued expenses | $17,741 |
| 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 | $55,877 |
| Total liabilities | $73,618 |
Grants Awarded
Over the last fiscal year, Karl Kirchgessner Foundation has awarded $600,590 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
THE UCLA FOUNDATION PURPOSE: GENERAL PROGRAM SUPPORT | $100,000 |
Venice, CA PURPOSE: GENERAL PROGRAM SUPPORT | $56,000 |
North Hollywood, CA PURPOSE: GENERAL PROGRAM SUPPORT | $50,000 |
SABAN COMMUNITY CLINIC PURPOSE: GENERAL PROGRAM SUPPORT | $45,000 |
BLIND CHILDREN'S LEARNING CENTERBEYOND BLINDNESS PURPOSE: GENERAL PROGRAM SUPPORT | $35,000 |
Los Angeles, CA PURPOSE: GENERAL PROGRAM SUPPORT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |
Marks Family Foundation Redwood City, CA | $49,983,289 | $16,693,138 |
Herbalife Nutrtion Foundation Los Angeles, CA | $22,239,401 | $8,092,128 |
Kla-Tencor Foundation Milpitas, CA | $26,702,881 | $5,233,772 |
Walter J & Betty C Zable Foundation San Diego, CA | $89,922,595 | $8,940,204 |
In-N-Out Burgers Foundation Irvine, CA | $42,997,314 | $8,211,700 |
Smidt Fam Foundation Newbury Park, CA | $69,750,078 | $4,896,207 |