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EIN 77-6140213

Michael and Ina Korek Foundation Trust

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Wilmington
State
Delaware
Year formed
1997
Most recent tax filings
2022-12-01
NTEE code, primary
T20: Private Foundations
Description
The Michael and Ina Korek Foundation Trust is a private foundation that primarily funds general & unrestricted grants, restricted use for northern california, boating under the influence program, and restricted for mkp usa marketing, operation dry water campaign. Last year, they made 91 grants. Their nonprofit type is private foundation and they are located in Wilmington, DE.
Also known as...
Korek Michael and Ina Korek Ttees
Total revenues
$367,362
2022
Total expenses
$577,635
2022
Total assets
$8,623,695
2022
Num. employees
0
2022

Program areas at Michael and Ina Korek Foundation Trust

Dangers of boating under the influence -funding free ongoing public service announcements to educate the public to assist in preventing and reducing harm from boating accidents.

Grants made by Michael and Ina Korek Foundation Trust

GranteeGrant descriptionAmount
Mothers Against Drunk Driving (MADD)Northern California Boating Under the Influence Program$52,800
The Berkeley BayitCapital Campaign$10,000
Child Advocates of Silicon ValleyGeneral & Unrestricted$5,000
...and 59 more grants made totalling $189,800

Personnel at Michael and Ina Korek Foundation Trust

NameTitleCompensation
Brian KorekExecutive Director$50,000
Teresa BabbManaging Trustee$60,000

Financials for Michael and Ina Korek Foundation Trust

RevenuesFYE 12/2022
Total grants, contributions, etc.$10,256
Investment income and dividends$218,681
Net rental income$0
Net gain from sale of non-inventory assets$264,919
Gross sales of inventory$0
Miscellaneous revenues$-126,494
Total revenues$367,362

Form 990s for Michael and Ina Korek Foundation Trust

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-08990PFView PDF
2021-122022-11-11990PFView PDF
2020-122021-11-15990PFView PDF
2019-122021-06-14990PFView PDF
2018-122020-02-19990PFView PDF
...and 7 more Form 990s
Data update history
January 20, 2024
Posted financials
Added Form 990PF for fiscal year 2022
December 30, 2023
Used new vendors
Identified 1 new vendor, including
June 22, 2023
Posted financials
Added Form 990PF for fiscal year 2020
June 14, 2023
Posted financials
Added Form 990PF for fiscal year 2021
May 22, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedTax deductible donations
General information
Address
Foundation Source 501 Silverside Rd
Wilmington, DE 19809
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
New Castle County, DE
Phone
(800) 839-1754
IRS details
EIN
77-6140213
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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