Kass Foundation
- Assets
- $318.5k
- Revenue
- $10.2k
- Investments
- $304.0k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 10/1979
- Data as of
- 12/2023
- EIN
- 95-3411207
Organization Overview
Kass Foundation is located in Los Angeles, CA. The organization was established in 1979. 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. Kass 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, Kass Foundation generated $10.2k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $12.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kass Foundation has awarded 135 individual grants totaling $114,055. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE-ALL FUNDS TO BE EXPENDED AS CONTRIBUTIONS TO OTHER CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Kass President | 1 | $0 | |
Susan E Kass Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19 |
| Dividends & Interest | $10,374 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$176 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30 |
| Total Revenue | $10,247 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $93 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $812 |
| Total operating and administrative expenses | $905 |
| Contributions, gifts, grants paid | $11,365 |
| Total expenses and disbursements | $12,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,459 |
| 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 | $65,283 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $318,482 |
| 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 | $5,974 |
| Other liabilities | $0 |
| Total liabilities | $5,974 |
Grants Awarded
Over the last fiscal year, Kass Foundation has awarded $11,365 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: PROVIDE FUNDS TO LEAD THE FIGHT FOR A WORLD WITHOUT CANCER | $250 |
AMERICAN HEART ASSOCIATION PURPOSE: PROVIDE FUNDS TO FIGHT FOR HEART DISEASE. | $50 |
AMERICAN RED CROSS PURPOSE: PROVIDES FUNDS FOR DISASTER VICTIMS | $1,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: PROVIDED FUNDS FOR U.S. CIVIL RIGHTS PROGRAMS | $500 |
APLASTIC ANEMIA MDS INTL FDTN PURPOSE: PROVIDE FUNDS FOR BONE MARROW TRANSPLANT. | $2,000 |
CITY OF HOPE PURPOSE: PROVIDE FUNDS FOR CANCER TREATMENT RESEARCH | $400 |