Form 990 for tax year 2022
Filed by THE HARRY KAY CHARITABLE FOUNDATION.
Totals
- Total revenue
- $636,798
- Total expenses
- $1,548,900
- Contributions and grants received
- $0
- Grants paid
- $1,346,594
- Program service revenue
- $0
- Investment income
- $636,798
- Other revenue
- $0
- Total assets, end of year
- $22,310,247
- Total liabilities, end of year
- $1,531,968
- Net assets or fund balances, end of year
- $20,778,279
- Program services expenses (Part IX)
- $1,346,594
- Management and general expenses
- $202,306
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,346,594
Program services were 86.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
3 · Investment income
total $627,762 · related or exempt $627,762
-
7a · Gross sales of assets other than inventory
securities $9,036
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $9,036
-
7d · Net gain or loss
total $9,036 · related or exempt $9,036
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,346,594 · program services $1,346,594
-
11b · Fees: legal
total $19,920 · management and general $19,920
-
11c · Fees: accounting
total $33,841 · management and general $33,841
-
11f · Fees: investment management
total $125,181 · management and general $125,181
-
20 · Interest
total $23,017 · management and general $23,017
-
24a · Other expenses: BANK FEES
total $322 · management and general $322
-
24b · Other expenses: REGISTRATION FEE
total $25 · management and general $25
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $261,169 · end of year $530,044
-
4 · Accounts receivable
beginning of year $18,931 · end of year $22,006
-
9 · Prepaid expenses and deferred charges
end of year $58,811
-
11 · Investments: publicly traded securities
beginning of year $22,502,439 · end of year $21,699,386
-
18 · Grants payable
beginning of year $1,187,379 · end of year $1,227,968
-
23 · Secured mortgages and notes payable
beginning of year $635,000 · end of year $304,000
-
27 · Net assets without donor restrictions
beginning of year $20,960,160 · end of year $20,778,279
Mission and programs · 2022
Mission
IN 1985 THE ORGANIZATION HAD 20 MILLION DOLLARS WITH A PURPOSE OF FUNDING MEDICAL ORGANIZATIONS, JEWISH ORGANIZATIONS AND OTHER WORTHWHILE ORGANIZATIONS. SINCE INCEPTION, THE HARRY KAY FOUNDATION HAS PROVIDED OVER 50 MILLION DOLLARS TO VARIOUS ORGANIZATIONS IN THE MINNEAPOLIS-ST PAUL AREA.
Activities or mission (Part I)
PROVIDES FINANCIAL SUPPORT TO VARIOUS PUBLIC CHARITIES DESIGNATED IN ITS ARTICLES.
-
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 $1,346,594 DURING THE CURRENT YEAR TO TWO OF ITS SUPPORTED ORGANIZATIONS, THE MINNEAPOLIS JEWISH FEDERATION AND ST. PAUL JEWISH FEDERATION.
Expenses $1,346,594 · Grants $1,346,594
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Tom SandersTOM SANDERS
PRESIDENT AND CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Beth LeonardBETH LEONARD
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kris MacDonaldKRIS MACDONALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alan MilavetzALAN MILAVETZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brad BirnbergBRAD BIRNBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jacy GraisJACY GRAIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim SteinJIM STEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin BesikofKEVIN BESIKOF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan LiebermanDAN LIEBERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jason DivineJASON DIVINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ken RaskinKEN RASKIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$1,004,093
ANNUAL CAMPAIGN
-
$307,500
ANNUAL CAMPAIGN
-
CHARITABLE PURPOSES
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 October 2024
- IRS schema version
- 2022v5.0
- Source object
- 202402899349300340
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.