Kenneth T And Eileen L Norris Foundation
- Assets
- $114.0m
- Revenue
- $18.0m
- Investments
- $104.4m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 01/1965
- Data as of
- 11/2023
- EIN
- 95-6080374
Organization Overview
Kenneth T And Eileen L Norris Foundation is located in Long Beach, CA. The organization was established in 1965. 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. Kenneth T And Eileen L Norris 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 11/2023, Kenneth T And Eileen L Norris Foundation generated $18.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $15.4m during the year ending 11/2023. While expenses have increased by 6.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kenneth T And Eileen L Norris Foundation has awarded 756 individual grants totaling $47,360,600. 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 |
|---|---|---|---|
Walter Zanino Trustee, Chairman And Executive Direct | 35 | $10,000 | |
Bradley K Norris Trustee | 5 | $10,000 | |
James Martin Trustee | 5 | $10,000 | |
Kimberley Presley Trustee | 5 | $10,000 | |
Brooks Norris Trustee | 5 | $10,000 | |
Becky Accordino Trustee | 35 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,302,438 |
| Interest on Savings | $107,399 |
| Dividends & Interest | $6,750,743 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,865,698 |
| Capital Gain Net Income | $9,865,698 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28 |
| Total Revenue | $18,026,306 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $85,000 |
| Other employee salaries and wages | $5,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $225,114 |
| Depreciation | $0 |
| Occupancy | $36,945 |
| Travel, conferences, and meetings | $33,074 |
| Printing and publications | $0 |
| Other expenses | $1,408,062 |
| Total operating and administrative expenses | $2,089,487 |
| Contributions, gifts, grants paid | $13,299,000 |
| Total expenses and disbursements | $15,388,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,114 |
| Savings and temporary cash investments | $9,499,583 |
| 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 | $42,911 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $75,016,791 |
| Net Land, buildings, and equipment | $754 |
| Other assets | $2,071 |
| Total assets | $113,973,288 |
| Accounts payable and accrued expenses | $13,612,635 |
| 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 | $13,612,635 |
Grants Awarded
Over the last fiscal year, Kenneth T And Eileen L Norris Foundation has awarded $13,299,000 in support to 177 organizations.
| Grant Recipient | Amount |
|---|---|
ALTASEA AT THE PORT OF LOS ANGELES PURPOSE: PROJECT BLUE4 YEAR PLEDGE | $100,000 |
AMERICAN FILM INSTITUTE PURPOSE: GENERAL OPERATING, CONSERVATORY & SCHOLARSHIPS | $80,000 |
ANGELS GATE CULTURAL CENTER PURPOSE: TECHNOLOGY EXPANSION | $25,000 |
AQUARIUM OF THE PACIFIC PURPOSE: OCEAN SCIENCE EDUCATION PROGRAM | $50,000 |
ARTCENTER COLLEGE OF DESIGN PURPOSE: 2023 DESIGNING DREAMS INITIATIVE | $10,000 |
ARC - ACTIVITIES RECREATION AND CARE PURPOSE: WELLNESS FOR ADULTS WITH ID/DD | $30,000 |