philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

The Harry Kay Charitable Foundation

Tax-deductible

Minneapolis, MN501(c)(3)EIN 41-1448610Revenue $2.9M in FY2024

On file with the IRS2501 S Wayzata Blvd, 55405-2122 · Minneapolis, MNTax-exempt since Jun 1983Supporting organization — 509(a)(3)

This page gets seen. Tell your story. Claim this org.

Provides financial support to various public charities designated in its articles.

501(c)(3) charity; gifts are tax-deductible.
42¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $119K a year · 9% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
42%
of spending
Concern: 42% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
23 mo
of spending, in cash
Looks good: 22.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$13K
0.05% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.9M
+350% vs prior year
Spent
$266K
To programs
42%
Net assets
$24.3M
By yearFY2020–FY2024
Revenue
$2.9M
FY2024▲ +350%
Tap a bar for its year
Revenue by fiscal year
FY2020$45K
FY2021$2.0M
FY2022$728K
FY2023$637K
FY2024$2.9M
Expenses
$266K
FY2024▼ -83%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.1M
FY2021$1.1M
FY2022$898K
FY2023$1.5M
FY2024$266K
Net assets
$24.3M
FY2024▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$22.2M
FY2021$24.2M
FY2022$21.0M
FY2023$20.8M
FY2024$24.3M

From the FY2024 Form 990 (year ending November 2024) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

42 cents of each dollar spent went to programs.

Program services 42% · $112K Management & general 58% · $154K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Tom Sanders
President and Chairman
$0Pt VII · Sec A
Beth Leonard
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jacy Grais
Director
$0Pt VII · Sec A
Jim Stein
Director
$0Pt VII · Sec A
Kevin Besikof
Treasurer
$0Pt VII · Sec A
See The Harry Kay Charitable Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Grants funds to public charities specified in its founding documents.

Questions for The Harry Kay Charitable Foundation

Tap to ask. The Harry Kay Charitable Foundation sees how many people are interested.

Your first name shows with your question. The Harry Kay Charitable Foundation answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $112K · in their own filed words · FY2023
01

Since inception, the harry kay foundation has provided over 50 million dollars to support various organizations in the minneapolis-st. Paul area. The organization donated a combined $111,876 during the current year to two of its supported organizations, the minneapolis jewish federation and ST. Paul jewish federation.

$112Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 9 grants · $5.1M · 2019–2022
Minneapolis Jewish FederationMN · FY2022$1,004,093
Jewish Federation of Greater St PaulMN · FY2022$307,500
Jewfolk Media INCMN · FY2022$35,000
Minneapolis Jewish FederationMN · FY2021$460,559
Jewish Federation of Greater St PaulMN · FY2021$225,000
Jewfolk Media INCMN · FY2021$75,000
Minneapolis Jewish FederationMN · FY2019$2,702,139
Jewish Federation of Greater St PaulMN · FY2019$225,000
Jewfolk Media INCMN · FY2019$60,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.9M
Ln 12
Investment incomeLn 3$2.9M
Money outPt IX
$266K
Ln 25
Programscol B$112K
Managementcol C$154K
Owns and owesPt X
$24.3M
net assets · Ln 32
Cash and savingsLn 1–2$500K
Total assetsLn 16$24.3M
LiabilitiesLn 26$13K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$2.9M
Gains on assetsLn 7$2.2M
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1−$1
SavingsLn 2$500K
Cash and savings togetherLn 1–2$500K
InvestmentsLn 11–13$23.7M
Total assetsLn 16$24.3M
LiabilitiesLn 26$13K
Net assetsLn 32$24.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderNovember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$530K$500K
InvestmentsLn 11–13$21.7M$23.7M
Total assetsLn 16$22.3M$24.3M
LiabilitiesLn 26$1.5M$13K
Net assetsLn 32$20.8M$24.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$112K$112K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$33K$33K
Investment management feesLn 11f$113K$113K
InterestLn 20$5K$5K
Other expenses (24a–d)Ln 24$407$407
Total functional expensesLn 25$266K$112K$154K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.9M$266K$2.6M$24.3M 990 PDF
FY2023 $637K$1.5M−$912K$20.8M 990 PDF
FY2022 $728K$898K−$170K$21.0M 990 PDF
FY2021 $2.0M$1.1M$960K$24.2M 990 PDF
FY2020 $45K$3.1M−$3.1M$22.2M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $2,867,626 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $636,798$2,867,626
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $636,798$2,867,626
I-13 Grants and similar amounts paidPrior year $1,346,594$111,876
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $202,306$153,936
I-18 Total expensesPrior year $1,548,900$265,812
I-19 Revenue less expensesPrior year −$912,102$2,601,814
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $2,867,626 across 3 lines filed
VIII-3 Investment incomeRelated to mission $620,271$620,271
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,247,355$2,247,355
VIII-12 Total revenueRelated to mission $2,867,626 · Unrelated business $0 · Excluded from tax $0$2,867,626
Part IX · Statement of functional expenses $265,812 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $111,876$111,876
IX-11b Legal feesManagement $2,100$2,100
IX-11c Accounting feesManagement $33,399$33,399
IX-11f Investment management feesManagement $113,273$113,273
IX-20 InterestManagement $4,757$4,757
IX-24 Other expenses (24a–d)Management $407$407
IX-25 Total functional expensesPrograms $111,876 · Management $153,936 · Fundraising $0$265,812
Part X · Balance sheet $24,264,003 assets, 10 lines filed
X-1 Cash, non-interest-bearing−$1
X-2 Savings and temporary cash investmentsStart of year $530,044$500,254
X-4 Accounts receivableStart of year $22,006$64,540
X-11 Publicly traded securitiesStart of year $21,699,386$23,699,210
X-16 Total assetsStart of year $22,310,247$24,264,003
X-17 Accounts payable and accrued expenses$12,518
X-26 Total liabilitiesStart of year $1,531,968$12,518
X-27 Net assets without donor restrictionsStart of year $20,778,279$24,251,485
X-32 Total net assets or fund balancesStart of year $20,778,279$24,251,485
X-33 Total liabilities and net assetsStart of year $22,310,247$24,264,003
Part XI · Reconciliation of net assets $24,251,485 net assets at year end
XI-1 Total revenue$2,867,626
XI-2 Total expenses$265,812
XI-3 Revenue less expenses$2,601,814
XI-4 Net assets at start of year$20,778,279
XI-9 Other changes in net assets$871,392
XI-10 Net assets at end of year$24,251,485

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.