Louis Kesten & Esther Kesten Foundation
- Assets
- $1.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 08/1959
- Data as of
- 02/2023
- EIN
- 95-6092363
Organization Overview
Louis Kesten & Esther Kesten Foundation is located in Los Angeles, CA. The organization was established in 1959. 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. Louis Kesten & Esther Kesten 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 02/2023, Louis Kesten & Esther Kesten Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.6% each year . All expenses for the organization totaled $230.1k during the year ending 02/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Louis Kesten & Esther Kesten Foundation has awarded 82 individual grants totaling $3,304,856. 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 |
|---|---|---|---|
Peter Steinlauf Secretary | 5 | $0 | |
Elizabeth Steinlauf President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,974,949 |
| Interest on Savings | $80 |
| Dividends & Interest | $17,986 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$58,508 |
| Capital Gain Net Income | $1,971,440 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,934,507 |
| 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 | $1,565 |
| Contributions, gifts, grants paid | $228,550 |
| Total expenses and disbursements | $230,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,386 |
| Savings and temporary cash investments | $30,535 |
| 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 | $1,700,007 |
| Total assets | $1,736,928 |
| 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, Louis Kesten & Esther Kesten Foundation has awarded $228,550 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
CONGREGATION TIFERETH ZVI PURPOSE: CHARITABLE | $2,500 |
HFPJC PURPOSE: CHARITABLE | $4,000 |
YULA HIGH SCHOOL PURPOSE: CHARITABLE | $10,000 |
CONGREGATION SHEARITH ISRAEL PURPOSE: CHARITABLE | $5,000 |
MIKVAH SOCIETY OF LOS ANGELES PURPOSE: CHARITABLE | $1,800 |
DESTINY FOUNDATION PURPOSE: CHARITABLE | $100,000 |