Kustel Fund
- Assets
- $16.0m
- Revenue
- $192.6k
- Investments
- $15.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 83-3330698
Organization Overview
Kustel Fund is located in New York, NY. The organization was established in 2019. 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. Kustel Fund 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, Kustel Fund generated $192.6k 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 (46.2%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Kustel Fund has awarded 146 individual grants totaling $4,015,000. 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 |
|---|---|---|---|
Karen Kustel Co-Trustee | 1 | $0 | |
Robert Kustel Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,891 |
| Interest on Savings | $0 |
| Dividends & Interest | $243,141 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$59,663 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,219 |
| Total Revenue | $192,588 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,828 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $175 |
| Total operating and administrative expenses | $126,524 |
| Contributions, gifts, grants paid | $1,055,000 |
| Total expenses and disbursements | $1,181,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $76,811 |
| 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 | $16,023,069 |
| 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, Kustel Fund has awarded $1,055,000 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
10000 DEGREES PURPOSE: FOR THE USE OF THE DONEE ORGANIZATION | $50,000 |
ALAMEDA FOOD BANK PURPOSE: FOR THE USE OF THE DONEE ORGANIZATION | $25,000 |
AMERICAN INDIA FOUNDATION PURPOSE: FOR THE USE OF THE DONEE ORGANIZATION | $20,000 |
ARTS MLK FOUNDATION PURPOSE: FOR THE USE OF THE DONEE ORGANIZATION | $10,000 |
BOYS TO MEN MENTORING PURPOSE: FOR THE USE OF THE DONEE ORGANIZATION | $10,000 |
BRIDGE THE GAP PURPOSE: FOR THE USE OF THE DONEE ORGANIZATION | $10,000 |