Kovack Family Charitable Foundation
- Assets
- $18.3k
- Revenue
- $160.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- 03/2019
- Data as of
- 12/2023
- EIN
- 83-6725585
Organization Overview
Kovack Family Charitable Foundation is located in Fort Lauderdale, FL. The organization was established in 2019. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations 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. Kovack Family Charitable 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, Kovack Family Charitable Foundation generated $160.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.5% each year .
Since 2020, Kovack Family Charitable Foundation has awarded 25 individual grants totaling $660,000. 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 |
|---|---|---|---|
Brian Kovack Director | 5 | $0 | |
Priscilla Kovack Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $160,025 |
| Interest on Savings | $0 |
| Dividends & Interest | $2 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $160,027 |
| 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 | $65 |
| Total operating and administrative expenses | $65 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $200,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,279 |
| Savings and temporary cash investments | $0 |
| 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 | $18,279 |
| 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, Kovack Family Charitable Foundation has awarded $200,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CORAL RIDGE PRESBYTERIAN CHURCH PURPOSE: CHARITY | $50,000 |
CROSS COMMUNITY CHURCH PURPOSE: CHARITY | $60,000 |
EVANGELISM EXPLOSION PURPOSE: CHARITY | $15,000 |
KNOX SEMINARY PURPOSE: CHARITY | $15,000 |
WESTMINSTER ACADEMY PURPOSE: CHARITY | $60,000 |