Kontulis Fund
- Assets
- $2.4m
- Revenue
- -$369.2k
- Investments
- $2.2m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- Data as of
- 12/2022
- EIN
- 86-2508615
Organization Overview
Kontulis Fund is located in Detroit, MI. 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. Kontulis Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth F Kontulis President And Director | 0.25 | $0 | |
Charles P Kontulis II Treasurer And Director | 0.25 | $0 | |
Christine E Jaggi Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $112 |
| Dividends & Interest | $9,063 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$391,206 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,861 |
| Total Revenue | -$369,170 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $949 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $9,445 |
| Contributions, gifts, grants paid | $86,000 |
| Total expenses and disbursements | $95,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $90,843 |
| 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 | $1,875,707 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $103,792 |
| Total assets | $2,370,846 |
| 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, Kontulis Fund has awarded $86,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CHRIST CHURCH GROSSE POINTE PURPOSE: ANNUAL FUND | $5,000 |
CONGREGATIONAL CHURCH OF NEW CANAAN PURPOSE: ANNUAL FUND | $1,000 |
HENRY FORD HEALTH PURPOSE: ANNUAL FUND | $10,000 |
NEW CANAAN LIBRARY PURPOSE: PROGRAM SERVICES | $50,000 |
NEW CANAAN YMCA PURPOSE: ANNUAL FUND | $5,000 |
NORWALK HOSPITAL FOUNDATION PURPOSE: ANNUAL FUND | $5,000 |