Ks Family Foundation
- Assets
- $7.5m
- Revenue
- $891.4k
- Investments
- $5.4m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 03/2018
- Data as of
- 12/2023
- EIN
- 81-4952607
Organization Overview
Ks Family Foundation is located in Milwaukee, WI. The organization was established in 2018. 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. KS 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 12/2023, KS Family Foundation generated $891.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (38.1%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, KS Family Foundation has awarded 35 individual grants totaling $4,703,230. 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 |
|---|---|---|---|
Mark Kutoff President | 5 | $0 | |
Daniel Kutoff Second Vice President | 1 | $0 | |
Frank Silverberg First Vice President | 1 | $0 | |
Mark Silverberg Secretary | 1 | $0 | |
Maier Kutoff Treasurer | 5 | $0 | |
Gerald Goldfeder Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $156,957 |
| Net Rental Income | $293,968 |
| Net Gain on Sale of Assets | $436,368 |
| Capital Gain Net Income | $436,368 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$283,166 |
| Total Revenue | $891,394 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $78,620 |
| Depreciation | $35,952 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $251,340 |
| Total operating and administrative expenses | $433,106 |
| Contributions, gifts, grants paid | $1,519,980 |
| Total expenses and disbursements | $1,953,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $468,599 |
| Savings and temporary cash investments | $247,376 |
| 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 | $1,340,447 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,447,549 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,221 |
| Total assets | $7,508,192 |
| 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 | $740,661 |
| Total liabilities | $740,661 |
Grants Awarded
Over the last fiscal year, Ks Family Foundation has awarded $1,519,980 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CONGREGATION BAIS YISROEL PURPOSE: SCHOLARSHIP | $105,600 |
MIDWEST NCSY PURPOSE: GENERAL OPERATING | $80,000 |
CONG AGUDATH ISRAEL OF BORO PARK PURPOSE: GENERAL OPERATING | $70,000 |
AMERICAN FRIENDS OF YESHIVA DMIR INC PURPOSE: GENERAL OPERATING | $50,000 |
BAIS YAAKOV GIRLS HIGH SCHOOL OF MINNEAP PURPOSE: SCHOLARSHIP | $129,600 |
MINNEAPOLIS COMMUNITY KOLLEL PURPOSE: GENERAL OPERATING | $345,600 |