Kite Family Foundation
- Assets
- $592.4k
- Revenue
- $47.1k
- Investments
- $505.3k
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 84-2255662
Organization Overview
Kite Family Foundation is located in Cincinnati, OH. 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. Kite 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 12/2023, Kite Family Foundation generated $47.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (36.7%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E Kite Jr President | 0 | $0 | |
Carolyn S Kite Vice Preside | 0 | $0 | |
Suzanne P Hollman Kite Secretary | 0 | $0 | |
Shane M Kite Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,675 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,377 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,052 |
| 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 | $3,322 |
| Total operating and administrative expenses | $3,592 |
| Contributions, gifts, grants paid | $37,000 |
| Total expenses and disbursements | $40,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,107 |
| 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 | $592,401 |
| 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, Kite Family Foundation has awarded $37,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
BALL STATE UNIVERSITY FOUNDATION PURPOSE: DONATION | $500 |
BARD COLLEGE PURPOSE: DONATION | $2,000 |
CINCINNATI CHILDREN'S HOSPITAL PURPOSE: DONATION | $2,500 |
CINCINNATI ART MUSEUM PURPOSE: DONATION | $2,000 |
CINCINNATI PUBLIC RADIO PURPOSE: DONATION | $1,000 |
CRAYONS TO COMPUTERS PURPOSE: DONATION | $2,000 |