Overview
What is Katzman Family Support Foundation?
The Katzman Family Support Foundation, based in Bloomfield Hills, Michigan, is a charitable organization that focuses on granting awards to various nonprofit entities. Their mission extends beyond the Jewish community, encompassing support for the wider community as a whole. Through these grants, they aim to make a positive impact on various initiatives and causes, contributing to the betterment of society. The organization's specific activities and awards are geared towards various charitable organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% (Two-Star out of Four Star rating)
The Katzman Family Support Foundation has received a two-star rating from Charity Navigator, indicating a moderate level of accountability and finance management. The foundation has a strong program expense ratio of nearly 95%, suggesting that a significant portion of its funding is directed towards its programs rather than administrative costs. However, the organization has limitations concerning its governance, particularly its low percentage of independent board members, which raises potential concerns about oversight.
Although the organization demonstrates strong practices in certain areas like conflict of interest and whistleblower policies, it falls short in transparency. Notably, the foundation's website is missing from its tax forms, and no tax documents are available on its site, which detracts from its accountability. The lack of independent board members may impact the foundation's capacity for effective governance.
Overall, while the Katzman Family Support Foundation shows commitment to its mission with high program expenses, improvements in governance transparency and board independence are necessary to enhance its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Katzman Family Support Foundation legitimate?
Katzman Family Support Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Katzman Family Support Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Katzman Family Support Foundation?
The Katzman Family Support Foundation's mission is centered around supporting both the Jewish community and the wider community at large. They achieve this by providing grants and awards to various charitable organizations. The foundation's activities are geared towards fostering a sense of unity and support within these communities. By providing financial assistance, they aim to contribute positively to the well-being and development of these communities.
What is the revenue of Katzman Family Support Foundation?
Katzman Family Support Foundation's revenue in 2024 was $344,290.
Who are the executives of Katzman Family Support Foundation and what are their salaries?
There 1 volunteer at Katzman Family Support Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $485,367
- Other: $14,823
- Compensation: $0
- Related: $266,875
- Other: $26,189
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Katzman Family Support Foundation?
Katzman Family Support Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Katzman Family Support Foundation
The Katzman Family Support Foundation is dedicated to supporting both the Jewish community and the community at large. As a charitable organization, it fulfills this mission by providing grants and awards to various organizations. The foundation's goal is to contribute positively to the well-being of various communities, demonstrating a broad-minded approach to philanthropy. By offering financial assistance, the Katzman Family Support Foundation aims to make a tangible difference in the lives of those it serves.
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Impact
October, 2024
The Katzman Family Support Foundation significantly impacts both the Jewish community and the broader community through grants and awards that empower various charitable organizations. By providing financial support, the foundation fosters philanthropic initiatives that address essential needs, promote community engagement, and enhance social welfare. This support not only enhances the quality of life for individuals and families but also cultivates a spirit of generosity and cooperation within Bloomfield Hills, Michigan, and beyond. The foundation's commitment to philanthropy underscores its dedication to building a stronger, more resilient community.
This information is meant to be a general summary of Katzman Family Support Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $8,369
- Gross Receipts: $661,612
Assets and Liabilities:
- Total Assets: $712,574
- Total Liabilities: $0
- Net Assets: $712,574
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Organization Details
Founding Year
2002
Principal Officer
Dorothy Benyas
NTEE Category
Code: T11 - Philanthropy
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