Kpmg U S Foundation Inc
- Assets
- $7.3m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Montvale, NJ
- Founding
- 01/1994
- Data as of
- 09/2021
- 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 09/2021, Kpmg U S Foundation Inc generated $15.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 60.2% each year . All expenses for the organization totaled $14.1m during the year ending 09/2021. While expenses have increased by 68.1% per year over the past 6 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 1,251 individual grants totaling $50,301,840. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE FOR CHARITABLE PURPOSES IN FURTHERANCE OF LIFELONG LEARNING
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 |
|---|---|---|---|
Blane Ruschak President & Director | OfficerTrustee | 3 | $0 |
Christine M Kachinsky Secretary & Director | OfficerTrustee | 2 | $0 |
James Powell Treasurer & Director | OfficerTrustee | 2 | $0 |
Anita V Whitehead Chair | OfficerTrustee | 3 | $0 |
Tandra C Jackson Director | Trustee | 1 | $0 |
Maureen Evers-Willox Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $9,702,829 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,100,903 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,803,732 |
| Total Program Service Revenue | $0 |
| Investment income | $1,627 |
| 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 | $15,805,359 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,094,568 |
| Grants and other assistance to domestic individuals. | $911,391 |
| 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 | $68,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,836 |
| Fees for services: Other | $15,134 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $2,750 |
| 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 | $2,179 |
| Total functional expenses | $14,113,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,933,245 |
| Savings and temporary cash investments | $3,264,000 |
| Pledges and grants receivable | $108,829 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,000 |
| 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 | $7,316,074 |
| Accounts payable and accrued expenses | $17,400 |
| Grants payable | $4,316,529 |
| 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 | $4,333,929 |
| Net assets without donor restrictions | -$571,178 |
| Net assets with donor restrictions | $3,553,323 |
| 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 | $7,316,074 |
Grants Awarded
Over the last fiscal year, Kpmg U S Foundation Inc has awarded $12,784,866 in support to 298 organizations.
| Grant Recipient | Amount |
|---|---|
Montvale, NJ PURPOSE: OPERATIONS | $350,000 |
Colorado Springs, CO PURPOSE: OPERATIONS | $325,900 |
Washington, DC PURPOSE: OPERATIONS | $282,732 |
Notre Dame, IN PURPOSE: MATCHING GIFTS | $270,703 |
Waco, TX PURPOSE: MATCHING GIFTS | $261,462 |
Washington, DC PURPOSE: OPERATIONS | $250,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Kpmg U S Foundation Inc has recieved totaling $2,448,991.
| Awarding Organization | Amount |
|---|---|
United Way Of Bergen County Paramus, NJ PURPOSE: DONOR DESIGNATION | $2,252,293 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $88,500 |
Mile High United Way Inc Denver, CO PURPOSE: DESIGNATION | $47,938 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $25,250 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $15,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kpmg U S Foundation Inc Montvale, NJ | $7,316,074 | $15,805,359 |
Ember Charter School For Mindful Education Innovation & Transformat Brooklyn, NY | $4,989,812 | $13,170,191 |
Middle Atlantic-Great Lakes Organized Crime Law Enforcement Ne Newtown, PA | $960,746 | $5,103,859 |
Pennsylvania Chiefs Of Police Association Harrisburg, PA | $3,883,927 | $3,936,036 |
Hollidaysburg American Legion Hollidaysburg, PA | $1,592,009 | $2,468,466 |
Dumbo District Management Association Inc Brooklyn, NY | $532,232 | $1,531,780 |
Nyc Medics New York, NY | $432,315 | $1,732,830 |
Carle Place Hook Ladder & Hose Co 1 Carle Place, NY | $5,284,586 | $1,682,043 |
Hamburg Emergency Medical Services Inc Hamburg, PA | $1,326,601 | $1,385,975 |
Union Emergency Medical Unit Of Union New Jersey Union, NJ | $704,618 | $1,591,533 |
Berlin Area Ambulance Assn Inc Berlin, PA | $267,780 | $531,876 |
Cheshire Volunteer Fire Department Inc Canandaigua, NY | $4,720,924 | $622,820 |