Kmt Foundation Inc
- Assets
- $3.2m
- Revenue
- $169.5k
- Investments
- $2.5m
- Employees
- 0
- Location
- Rochester, NY
- Founding
- Data as of
- 12/2023
- EIN
- 87-4288769
Organization Overview
Kmt Foundation Inc is located in Rochester, NY. 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. Kmt 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 12/2023, Kmt Foundation Inc generated $169.5k in total revenue. All expenses for the organization totaled $642.7k during the year ending 12/2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Klein Director | 5 | $0 | |
Elissa Klein Director | 5 | $0 | |
Joseph Klein Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $53,035 |
| Interest on Savings | $38,830 |
| Dividends & Interest | $77,588 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1 |
| Capital Gain Net Income | $1 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $169,454 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $57,856 |
| Pension plans, employee benefits | $2,706 |
| Interest | $0 |
| Taxes | $3,429 |
| Depreciation | $7,576 |
| Occupancy | $23,025 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,379 |
| Total operating and administrative expenses | $242,205 |
| Contributions, gifts, grants paid | $400,500 |
| Total expenses and disbursements | $642,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,502 |
| Savings and temporary cash investments | $285,309 |
| 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 | $2,533,445 |
| Net Land, buildings, and equipment | $81,459 |
| Other assets | $0 |
| Total assets | $3,183,715 |
| Accounts payable and accrued expenses | $750 |
| 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 | $750 |
Grants Awarded
Over the last fiscal year, Kmt Foundation Inc has awarded $400,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PEARL RESOURCES PURPOSE: TO SUPPORT THE ORGANIZATION'S MENTAL HEALTH PROGRAMS | $500 |
CHARTER CHAMPIONS OF ROCHESTER PURPOSE: TO SUPPORT THE OPERATIONS OF THE EDUCATIONAL PROGRAMS | $400,000 |