Jeanne And Richard Kaskey Foundation Inc
- Assets
- $7.7m
- Revenue
- $555.3k
- Investments
- $7.4m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-3014259
Organization Overview
Jeanne And Richard Kaskey Foundation Inc is located in Philadelphia, PA. The organization was established in 2019. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Jeanne And Richard Kaskey Foundation Inc 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, Jeanne And Richard Kaskey Foundation Inc generated $555.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (48.7%) each year. All expenses for the organization totaled $475.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Jeanne And Richard Kaskey Foundation Inc has awarded 25 individual grants totaling $318,000. 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 |
|---|---|---|---|
Georganne Kitei Director/president | 4 | $25,000 | |
Robert Kitei Director/secretary | 4 | $25,000 | |
Millicent Druker Director/vice Pres&treasurer | 4 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $214,204 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $191,051 |
| Capital Gain Net Income | $191,051 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $555,255 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,939 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $765 |
| Total operating and administrative expenses | $157,871 |
| Contributions, gifts, grants paid | $318,000 |
| Total expenses and disbursements | $475,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $302,294 |
| 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 | $7,437,028 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,739,322 |
| 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, Jeanne And Richard Kaskey Foundation Inc has awarded $318,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
A WOMAN'S PLACE PURPOSE: BASIC ESSENTIALS FOR | $5,000 |
AMERICAN FRIENDS OF THE ISRAEL PURPOSE: TICKET SUBSIDY FOR IDF | $10,000 |
EXPERIENCE CAMPS PURPOSE: SPONSORSHIP TWO CAMPERS | $5,000 |
AMERICAN FRIENDS OF THE ISRAEL PURPOSE: ZUBIN MEHTA STAGE | $10,000 |
FEMALE HEBREW BENEVOLENT PURPOSE: GENERAL FUND | $10,000 |
GIFT OF LIFE MARROW REGISTRY PURPOSE: COLLECTION SUITE | $10,000 |