Friedman - Kline Family Foundation
- Assets
- $3.6m
- Revenue
- $294.3k
- Investments
- $3.5m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 08/2012
- Data as of
- 12/2023
- EIN
- 90-0795812
Organization Overview
Friedman - Kline Family Foundation is located in Houston, TX. The organization was established in 2012. 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. Friedman - Kline 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, Friedman - Kline Family Foundation generated $294.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $381.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Friedman - Kline Family Foundation has awarded 131 individual grants totaling $1,852,660. 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 |
|---|---|---|---|
Arthur S Friedman President | 20 | $155,949 | |
James Michael Little VP / Director | 0.5 | $0 | |
Suzanne Hicks Friedman Director | 3.5 | $24,000 | |
David A Friedman Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $183 |
| Dividends & Interest | $182,103 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $107,462 |
| Capital Gain Net Income | $107,462 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,536 |
| Total Revenue | $294,284 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $179,949 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,850 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,982 |
| Total operating and administrative expenses | $201,031 |
| Contributions, gifts, grants paid | $179,960 |
| Total expenses and disbursements | $380,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,489 |
| 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 | $75,750 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,552,109 |
| 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, Friedman - Kline Family Foundation has awarded $179,960 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF LAREDO PURPOSE: CHARITABLE | $5,000 |
CASA DE MISERICORDIA PURPOSE: CHARITABLE | $2,500 |
BOYS AND GIRLS CLUB OF GREATER HOUSTON PURPOSE: CHARITABLE | $5,000 |
EXCHANGE CLUB FAM SUPPORT CENTER PURPOSE: CHARITABLE | $12,460 |
LOS ANGELES REGIONAL FOOD BANK PURPOSE: CHARITABLE | $5,000 |
MEALS ON WHEELS WEST PURPOSE: CHARITABLE | $5,000 |