Jacob Kornwasser Foundation
- Assets
- $16.6m
- Revenue
- $1.0m
- Investments
- $16.3m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 09/1991
- Data as of
- 10/2022
- EIN
- 95-4337380
Organization Overview
Jacob Kornwasser Foundation is located in Los Angeles, CA. The organization was established in 1991. 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. Jacob Kornwasser 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 10/2022, Jacob Kornwasser Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.2% each year .
Since 2015, Jacob Kornwasser Foundation has awarded 37 individual grants totaling $5,322,050. 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 |
|---|---|---|---|
Mila Kornwasser President | 0 | $0 | |
Judith Hager Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,954 |
| Dividends & Interest | $277,089 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $735,493 |
| Capital Gain Net Income | $735,493 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,014,536 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,905 |
| Savings and temporary cash investments | $152,413 |
| 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 | $16,577,524 |
| 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, Jacob Kornwasser Foundation has awarded $1,371,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
YESHIVA AHARON YAAKOV-OHR ACADEMY PURPOSE: GENERAL USE | $460,000 |
CENTRAL FUND OF ISRAEL PURPOSE: GENERAL USE | $800,000 |
FIDF - FRIENDS OF ISRAEL DEFENSE FO PURPOSE: GENERAL USE | $60,000 |
BAIS SHAINDEL PURPOSE: GENERAL USE | $15,000 |
ETTA ISRAEL CENTER PURPOSE: GENERAL USE | $36,000 |