Kyle Korver Foundation
- Assets
- $2.1m
- Revenue
- $389.1k
- Investments
- $2.1m
- Employees
- 0
- Location
- Sandy, UT
- Founding
- 08/2007
- Data as of
- 12/2021
- EIN
- 20-5879443
Organization Overview
Kyle Korver Foundation is located in Sandy, UT. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kyle Korver Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Kyle Korver Foundation generated $389.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $597.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kyle Korver Foundation has awarded 42 individual grants totaling $1,721,550. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ATHLETIC OPPORTUNITIES, ACADEMIC SUPPORT, AND CHRISTIAN GUIDANCE TO INNER-CITY CHILDREN IN URBAN AREAS SUCH AS PHILADELPHIA, OMAHA, CHICAGO & SALT LAKE CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Korver President | 10 | $0 | |
Juliet Korver Director | 5 | $0 | |
Lester Knispel Director | 5 | $0 | |
Eric Winter Treasurer | 5 | $0 | |
Jeff Schwartz Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $103,172 |
| Interest on Savings | $9 |
| Dividends & Interest | $80,104 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $205,779 |
| Capital Gain Net Income | $205,779 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $389,064 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $45,000 |
| Pension plans, employee benefits | $3,443 |
| Interest | $0 |
| Taxes | $4,631 |
| Depreciation | $5,461 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $104,170 |
| Total operating and administrative expenses | $202,901 |
| Contributions, gifts, grants paid | $395,000 |
| Total expenses and disbursements | $597,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,900 |
| Savings and temporary cash investments | $6,029 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,085,146 |
| Net Land, buildings, and equipment | $13,045 |
| Other assets | $0 |
| Total assets | $2,131,120 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Kyle Korver Foundation has awarded $395,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Vega Alta, PR PURPOSE: GENERAL SUPPORT | $245,000 |
PREEMPTIVE LOVE PURPOSE: GENERAL SUPPORT | $50,000 |
Atlanta, GA PURPOSE: GENERAL SUPPORT | $50,000 |
Marietta, GA PURPOSE: GENERAL SUPPORT | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kyle Korver Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
National Basketball Players Assoc Foundation New York, NY PURPOSE: TO SUPPORT EDUCATION AND OTHER CHARITABLE PURPOSES | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amg Charitable Gift Foundation Greenwood Village, CO | $149,608,626 | $31,189,759 |
Peopleforbikes Foundation Boulder, CO | $3,836,789 | $4,747,548 |
Grand Teton National Park Foundation Moose, WY | $17,490,260 | $12,374,107 |
Colorado Springs Health Foundation Colorado Springs, CO | $192,761,783 | $20,158,263 |
Community Clinics At Mrh Craig, CO | $2,546,314 | $4,871,469 |
Park City Community Foundation Park City, UT | $23,921,888 | $11,932,031 |
Cnm Ingenuity Incoproration Albuquerque, NM | $23,986,328 | $5,524,320 |
Pi Foundation Inc Salt Lake City, UT | $42,544,136 | $12,945,919 |
Sun Angel Foundation Inc Tempe, AZ | $37,255,454 | $9,354,798 |
Thunderbirds Charities Phoenix, AZ | $6,399,663 | $6,410,602 |
Yeshiva Of Phoenix Phoenix, AZ | $4,803,605 | $7,122,946 |
The Summit Foundation Breckenridge, CO | $22,333,564 | $6,446,939 |