Kiphart Family Foundation
- Assets
- $1.2m
- Revenue
- $333.2k
- Investments
- $1.2m
- Employees
- 0
- Location
- Key Largo, FL
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 83-2450434
Organization Overview
Kiphart Family Foundation is located in Key Largo, FL. The organization was established in 2019. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., 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. Kiphart 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 12/2021, Kiphart Family Foundation generated $333.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 37.3% each year . All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 11.2% per year over the past 3 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 2019, Kiphart Family Foundation has awarded 61 individual grants totaling $7,059,097. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan R Kiphart President, Secretary & Tre | 1 | $0 | |
Chris Capps Vice President | 1 | $0 | |
Rebecca Kiphart Capps Director | 0 | $0 | |
Jill Kiphart Gluck Director | 0 | $0 | |
Ellen Kiphart Valentine Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26 |
| Dividends & Interest | $34,940 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $298,211 |
| Capital Gain Net Income | $298,211 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $333,177 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $100 |
| Contributions, gifts, grants paid | $2,920,756 |
| Total expenses and disbursements | $2,920,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $358 |
| 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 | $1,179,451 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,179,809 |
| 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, Kiphart Family Foundation has awarded $2,920,756 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: GENERAL PURPOSE - DONATED MUTUAL FUNDS ON 12/27/21 WITH A BOOK VALUE OF $1,392,344 (PURCHASE PRICE) FMV DETERMINED BY PUBLIC MARKET NET ASSET VALUE ON DATE OF DONATION | $2,827,056 |
Chicago, IL PURPOSE: GENERAL PURPOSE | $20,000 |
Aspen, CO PURPOSE: GENERAL PURPOSE | $20,000 |
US HOLOCAUST MEMORIAL MUSEUM PURPOSE: GENERAL PURPOSE | $15,000 |
Chicago, IL PURPOSE: GENERAL PURPOSE | $10,000 |
Chicago, IL PURPOSE: GENERAL PURPOSE | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operation Legacy Foundation Inc Alpharetta, GA | $14,855,718 | $2,174,948 |
Kiphart Family Foundation Key Largo, FL | $1,179,809 | $333,177 |
Florida Education Foundation Tallahassee, FL | $8,106,190 | $1,769,719 |
2701 Australian Lc West Palm Beach, FL | $3,539,169 | $245,407 |
George And Ann Swift Family Foundation Inc Columbus, GA | $3,389,376 | $55,861 |
S Margaret Gallagher Foundation Venice, FL | $4,669,581 | $105,826 |
Rosenfield & Glassman Foundation Inc Coral Gables, FL | $2,123,441 | $68,797 |
Baralty Fido Charitable Foundation Inc Miami, FL | $1,564,987 | $47,245 |
Taste Of Coral Springs Coral Springs, FL | $97 | $0 |
Guy K And Katharine I Mitchell Foundation Bessemer, AL | $10,376 | $1 |
6 10 Opportunity Foundation Vestavia, AL | $364,328 | $99,941 |
Family Haven Foundation Corporation Fort Myers, FL | $326,310 | $36,615 |