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Kanders Foundation INC EIN 65-0124714

Kanders Foundation INC FY2023 filing

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A private foundation based in Palm Beach, FL. It reported about $163K in revenue for 2022. For fiscal year 2023 it reported $163K in revenue, $469K in expenses, and $1.8M in net assets.Pt I

Type
Private foundation / grantmaker · Nonprofit
Location
Palm Beach, FL
Filings
5 on file (2020–2023)
Revenue
$163KFY2023
Expenses
$469K
Net assets
$1.8M
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  65-0124714 Private foundation / grantmaker Palm Beach, FL
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
A private foundation based in Palm Beach, FL. It reported about $163K in revenue for 2022.
Leadership
Alan J Kanders Co Kanders Fndn · Director
Money in and out
$163K revenue, $469K expenses
Bottom line
—
Grants paid & assets · FY2023
Total revenue
$163K
Pt VIII · Ln 12
Total expenses
$469K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$306K
Total assets
1.8M
deployed as grants and operations
Grants paid
452K
in FY2023
Grants made
33grants
total in period
Payout rate
25%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 33 grants · $424K · 2024–2024
Cornell UniversityFY2024$360,096
Central SynagogueFY2024$13,000
Palm Beach State College Foundation INCFY2024$10,000
Raymond F Kravis Center for the Performing ArtsFY2024$5,000
Temple Israel of Great NeckFY2024$4,421
Norton Museum of Art INCFY2024$3,000
Palm Beach OperaFY2024$2,544
University of PennsylvaniaFY2024$2,500
Park Avenue ArmoryFY2024$2,500
Palm Beach Dramaworks INCFY2024$2,500
National Yiddish Book Center INCFY2024$2,500
Armory Art CenterFY2024$2,500
Anti Defamation LeagueFY2024$2,500
92nd Street YFY2024$1,500
Jewish Federation of Palm BeachFY2024$1,000
Trustees of Hamilton CollegeFY2024$1,000
The Hotchkiss SchoolFY2024$1,000
Met Museum of ArtFY2024$748
See all 33 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$13K
Median grantPart XV$1K
Largest grantPart XV$360K

Summary of the Filing

Part I · fiscal year 2023 · Form 990-PF
Revenue
$163K
FY2023▲ +23%
Expenses
$469K
FY2023▲ +7%
Total assets
$1.8M
FY2023▼ -0.7%
Total liabilities
$0
FY2023
Total revenue
$163K
Pt VIII · Ln 12
Total expenses
$469K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Total assetsPt II$1.8M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKanders Foundation INC
EINHdr · item D65-0124714
Principal addressHdr · item CPalm Beach, FL
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFNov 1989

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Kanders Foundation INC executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$163K
Total revenueLn 12$163K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.96 Operating & administrative $0.04
Grants & contributions paid96%$452K
Operating & administrative4%$16K
Total functional expensesLn 25$469K

Balance Sheet

Part X · end of year
CashLn 1$33K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.8M
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $1.8M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $163K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $163K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $163K · Prior year $132K
+23%
Net-asset trend (YoY)
End of year $1.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $163K · Expenses $469K
-188%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
—
Net-asset ratio
Net assets $1.8M · Total assets $1.8M
100%
People & payroll
Highest Reported Total Compensation
Individual Alan J Kanders Co Kanders Fndn · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $469K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 23%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$155K revenue · ⤓ 990 PDF
FY2023$163K revenue · viewing · ⤓ 990 PDF
FY2022$132K revenue · ⤓ 990 PDF
FY2021$175K revenue · ⤓ 990 PDF
FY2020$146K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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