MOUNTAINSIDE, NJ

K Kovshevych Foundation Inc.

Quick Facts

EIN: 223695851
Location: MOUNTAINSIDE, NJ
Phone: (772) 634-0632
Category: Philanthropy & Grantmaking
Total Assets: $1.2M
Annual Income: $2.5M
IRS Ruling Year: 2000
Organization Type: Non-Operating Foundation
Principal Officer: % Dr Christine K Durbak
Tax Deductibility: Contributions are deductible

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About This Foundation

K Kovshevych Foundation Inc. is a private corporation based in MOUNTAINSIDE, NJ. The foundation received its IRS ruling in 2000. The principal officer is % Dr Christine K Durbak. It holds total assets of $1.2M. Annual income is reported at $2.5M. SCHOLARSHIP FUNDING ACHIEVEMENT AWARDS AND SUPPORT FOR EVALUATION AND COORDINATION. According to available records, K Kovshevych Foundation Inc. has made 2 grants totaling $29K, with a median grant of $15K. Annual giving has grown from $100 in 2021 to $29K in 2022. Individual grants have ranged from $100 to $29K, with an average award of $15K. Grant recipients are concentrated in New Jersey. Contributions to this foundation are tax-deductible.

Application Information

Preselected OnlyThis foundation typically selects grantees rather than accepting unsolicited proposals.

Programs & Activities

SCHOLARSHIP FUNDING ACHIEVEMENT AWARDS AND SUPPORT FOR EVALUATION AND COORDINATION.

Expenses: $36K

Frequently Asked Questions

What does K Kovshevych Foundation Inc. fund?

SCHOLARSHIP FUNDING ACHIEVEMENT AWARDS AND SUPPORT FOR EVALUATION AND COORDINATION. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in NJ.

How much does K Kovshevych Foundation Inc. give in grants?

K Kovshevych Foundation Inc. has distributed a total of $29K across 2 grants. The median grant size is $15K, with an average of $15K. Individual grants have ranged from $100 to $29K.

How do I apply for a grant from K Kovshevych Foundation Inc.?

K Kovshevych Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.

Where is K Kovshevych Foundation Inc. located?

K Kovshevych Foundation Inc. is headquartered in MOUNTAINSIDE, NJ.

Key People & Compensation (2022)

Name	Title	Compensation	Benefits	Total
Arnaud Lafleche	TRESURER	$0	$0	$0
Roland A Desliva	VICE PRESIDENT	$0	$0	$0
Claudia M Strauss	SECRETARY	$0	$0	$0
Dr Christine K Durbak	PRESIDENT	$0	$0	$0

990 Tax Filings

Year	Return Type	PDF
2022	990PF	View
2021	990PF	View
2021	990PF	View
2020	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$35K

2022+34501%

Total Assets

$1M

2022-9%

Fair Market Value

$1M

2022

Net Worth

$1M

2022

Grants Paid

$29K

2022

Contributions

2022

Net Investment Income

$10K

2022

Distribution Amount

$49K

2022

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Revenue Sources (2022)

Interest: $10K
Capital Gains (Net): $-80,755

Financial Details (2022)

Total Revenue: $-70,916
Total Expenses: $35K
Exempt Purpose Expenses: $29K
Required Distribution: $49K
Undistributed Income: $0
Total Liabilities: $1
Excise Tax: $137
Tax Due: $137

Foundation Classification (2022)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$29K

Average Grant

$15K

Median Grant

$15K

Unique Recipients

Grant Disbursements by Year

Grant Range

Min$100

Max$29K

Median: $15K

Smallest grantLargest grant

Openness to New Grantees (2022)

of 2022 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

NJ$29K (2)

Past Grantees

Recipient	Location	Amount	Year
Qualified Students - Ukraine UniverSCHOLARSHIP AWARDS GRANTED TO QUALIFIED STUDENTS AT UKRAINE UNIVERSITY MEETING STRICT ACADEMIC GUIDELINES.	Mountainside, NJ	$29K	2022