Kpmg U S Foundation Inc
- Assets
- $7.7m
- Revenue
- $21.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Montvale, NJ
- Founding
- 01/1994
- Data as of
- 09/2022
- EIN
- 22-3263347
Organization Overview
Kpmg U S Foundation Inc is located in Montvale, NJ. The organization was established in 1994. According to its NTEE Classification (M99) the organization is classified as: Public Safety, Disaster Preparedness & Relief N.E.C., under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kpmg U S Foundation Inc 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 09/2022, Kpmg U S Foundation Inc generated $21.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $20.0m during the year ending 09/2022. While expenses have increased by 13.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kpmg U S Foundation Inc has awarded 1,988 individual grants totaling $79,404,122. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita V Whitehead Chair & Director | OfficerTrustee | 3 | $0 |
Gabriel DE La Rosa Chair & Director | OfficerTrustee | 0.5 | $0 |
Maureen Evers-Willox Director | Trustee | 0.5 | $0 |
Fiona M Grandi Director | Trustee | 0.5 | $0 |
Christine M Kachinsky Secretary & Director | OfficerTrustee | 0.5 | $0 |
James Powell Treasurer & Director | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $14,168,465 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,080,754 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,249,219 |
| Total Program Service Revenue | $0 |
| Investment income | $44,964 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,294,183 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,969,720 |
| Grants and other assistance to domestic individuals. | $912,015 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,000 |
| Advertising and promotion | $590 |
| Office expenses | $0 |
| Information technology | $3,250 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $26,970 |
| Total functional expenses | $19,993,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,886,258 |
| Savings and temporary cash investments | $3,763,800 |
| Pledges and grants receivable | $18,465 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,668,523 |
| Accounts payable and accrued expenses | $61,828 |
| Grants payable | $3,355,168 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,416,996 |
| Net assets without donor restrictions | $274,276 |
| Net assets with donor restrictions | $3,977,251 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,668,523 |
Grants Awarded
Over the last fiscal year, Kpmg U S Foundation Inc has awarded $19,886,096 in support to 441 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBALGIVING FOUNDATION INC PURPOSE: OPERATIONS | $1,210,845 |
FIRST BOOK PURPOSE: OPERATIONS | $451,190 |
PLAN INTERNATIONAL USA PURPOSE: OPERATIONS | $490,034 |
LIFT ORLANDO INC PURPOSE: OPERATIONS | $400,000 |
PHD PROJECT DONATION PURPOSE: OPERATIONS | $350,000 |
URBAN SCHOOLS HUMAN CAPITAL PURPOSE: OPERATIONS | $300,000 |