Carl E Kessler Family Foundation
- Assets
- $7.3m
- Revenue
- $572.5k
- Investments
- $2.4m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 01/1995
- Data as of
- 12/2022
- EIN
- 75-2567397
Organization Overview
Carl E Kessler Family Foundation is located in Fort Worth, TX. The organization was established in 1995. 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. Carl E Kessler Family 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 12/2022, Carl E Kessler Family Foundation generated $572.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 37.9% each year . All expenses for the organization totaled $693.5k during the year ending 12/2022. While expenses have increased by 4.8% 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.
Since 2014, Carl E Kessler Family Foundation has awarded 1,045 individual grants totaling $2,728,439. 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 |
|---|---|---|---|
David R Kessler Vice President | 20 | $50,000 | |
Carla K Kessler Secretary/treasurer | 20 | $55,000 | |
Karen Garrison President | 20 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $65,300 |
| Interest on Savings | $0 |
| Dividends & Interest | $48,197 |
| Net Rental Income | -$66,421 |
| Net Gain on Sale of Assets | $453,273 |
| Capital Gain Net Income | $453,273 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$817 |
| Total Revenue | $572,493 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $115,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $5,961 |
| Interest | $0 |
| Taxes | $18,320 |
| Depreciation | $16,460 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $455 |
| Printing and publications | $0 |
| Other expenses | $65,454 |
| Total operating and administrative expenses | $240,006 |
| Contributions, gifts, grants paid | $453,500 |
| Total expenses and disbursements | $693,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,316,967 |
| Savings and temporary cash investments | $2,255,656 |
| 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 | $5,458 |
| Net Investments - land, buildings, equipment | $181,307 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,400,145 |
| Net Land, buildings, and equipment | $176,010 |
| Other assets | $0 |
| Total assets | $7,335,543 |
| 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 | $17,091 |
| Total liabilities | $17,091 |
Grants Awarded
Over the last fiscal year, Carl E Kessler Family Foundation has awarded $453,500 in support to 171 organizations.
| Grant Recipient | Amount |
|---|---|
A PLACE CALLED HOME PURPOSE: HUMAN SERVICE | $1,500 |
ACTION AGAINST HUNGERACF-USA PURPOSE: HUMAN SERVICE | $1,500 |
A CHANCE IN LIFE PURPOSE: HUMAN SERVICE. | $1,500 |
AFRICAN WILDLIFE FOUNDATION PURPOSE: SERVICE TO ANIMALS. | $1,500 |
AIR WARRIOR COURAGE FOUNDATION PURPOSE: VETERANS WELFARE | $1,000 |
ALL GODS CHILDREN PURPOSE: CHILD WELFARE | $1,500 |