Gerald A & Karen Kolschowsky Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Gerald A & Karen Kolschowsky Foundation Inc is a 501(c)(3) organization based in Downers Grove, Illinois, registered in 1988, with $6,104,975 in FY2023 revenue. CharityIndex grades it F.
5235 Walnut Ave Ste 1, Downers Grove, IL, 60515 EIN 36-3505302 Since 1988
Revenue (FY2023)
$6.1M
▼ 3.0% vs prior year
Expenses (FY2023)
$10.8M
Net assets
$31.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Gerald A & Karen Kolschowsky Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating35 mo reserves · -77% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Gerald A & Karen Kolschowsky Foundation Inc: 35 mo reserves · -77% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Gerald A & Karen Kolschowsky Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Gerald A & Karen Kolschowsky Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 5235 Walnut Ave Ste 1, Downers Grove, IL, 60515
- City
- Downers Grove
- State
- Illinois
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $4.3M (FY2013) to $6.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $223KNet assets $31.9M
Operating margin
-77.4%
Spent more than it raised in the latest fiscal year.
Total assets
$32.2M
Total liabilities
$223K
Net assets
$31.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $6,104,975▼3.0% | $10,832,382▲6.9% | $31,930,014▼12.9% | $32,152,974▼12.6% | 990PF |
| 2022 | $6,295,589▼79.0% | $10,130,144▲141% | $36,657,421▼9.5% | $36,790,347▼9.5% | 990PF |
| 2021 | $30,008,305▲908% | $4,203,764▲0.9% | $40,491,976▲176% | $40,633,481▲174% | 990PF |
| 2020 | $2,977,794▼55.7% | $4,165,696▲27.3% | $14,687,435▼7.5% | $14,848,289▼7.4% | 990PF |
| 2019 | $6,714,862▲584% | $3,273,194▼8.6% | $15,875,337▲27.7% | $16,035,951▲27.5% | 990PF |
| 2018 | $981,971▼83.3% | $3,582,824▲13.6% | $12,433,669▼17.3% | $12,579,583▼17.1% | 990PF |
| 2017 | $5,890,656▼4.4% | $3,155,105▲21.4% | $15,034,522▲22.2% | $15,170,647▲22.1% | 990PF |
| 2016 | $6,161,603▲57.5% | $2,599,031▼9.4% | $12,298,971▲40.8% | $12,422,273▲40.4% | 990PF |
| 2015 | $3,913,257▲62.4% | $2,868,482▲50.2% | $8,736,399▲13.6% | $8,846,214▲13.9% | 990PF |
| 2014 | $2,409,795▼43.9% | $1,910,356▲14.3% | $7,691,624▲6.9% | $7,764,680▲7.0% | 990PF |
| 2013 | $4,294,411 | $1,670,937▼8.3% | $7,192,185▲57.4% | $7,255,740▲57.1% | 990PF |
| 2012 | — | $1,822,917 | $4,568,711 | $4,619,425 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Gerald A & Karen Kolschowsky Foundation Inc a legitimate nonprofit?
- Yes. Gerald A & Karen Kolschowsky Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-3505302, based in Downers Grove, Illinois. Donations are tax-deductible.
- What is Gerald A & Karen Kolschowsky Foundation Inc's EIN?
- Gerald A & Karen Kolschowsky Foundation Inc's Employer Identification Number (EIN) is 36-3505302.
- How much revenue does Gerald A & Karen Kolschowsky Foundation Inc report?
- Gerald A & Karen Kolschowsky Foundation Inc reported $6,104,975 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Gerald A & Karen Kolschowsky Foundation Inc have?
- CharityIndex grades Gerald A & Karen Kolschowsky Foundation Inc F, based on financial health (reserves and operating margin).
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Data for Gerald A & Karen Kolschowsky Foundation Inc (EIN 36-3505302) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.