The Alex Kaz Foundation
- Assets
- $2.7m
- Revenue
- $1.4m
- Investments
- $2.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 83-2515718
Organization Overview
The Alex Kaz Foundation is located in Wilmington, DE. 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. Alex Kaz 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, Alex Kaz Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $251.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Alex Kaz Foundation has awarded 21 individual grants totaling $319,661. 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 |
|---|---|---|---|
Don Brown Dir, Sec, Treas, Co- Pres | 2 | $0 | |
Alex Kaz Dir, Co- Pres | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,000 |
| Interest on Savings | $3,130 |
| Dividends & Interest | $1,022 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,420,442 |
| Capital Gain Net Income | $1,420,442 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,446,594 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $700 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,068 |
| Total operating and administrative expenses | $27,649 |
| Contributions, gifts, grants paid | $223,550 |
| Total expenses and disbursements | $251,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,292 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,676,039 |
| 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, The Alex Kaz Foundation has awarded $223,550 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BHARAT INC PURPOSE: GENERAL & UNRESTRICTED | $37,050 |
BHARAT INC PURPOSE: GALLOP FOR GIVING FUND | $2,500 |
CHESAPEAKE BAY FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
CHILD DEVELOPMENT RESOURCES INC PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
COASTAL SHORES INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
FOODBANK OF SOUTHEASTERN VIRGINIA PURPOSE: GENERAL & UNRESTRICTED | $20,000 |