W K Kellogg Foundation
- Assets
- $487.7m
- Revenue
- $396.2m
- Investments
- $276.6m
- Employees
- 0
- Location
- Battle Creek, MI
- Founding
- 07/2014
- Data as of
- 08/2022
- EIN
- 38-1359264
Organization Overview
W K Kellogg Foundation is located in Battle Creek, MI. The organization was established in 2014. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. W K Kellogg 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 08/2022, W K Kellogg Foundation generated $396.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $366.4m during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, W K Kellogg Foundation has awarded 19,640 individual grants totaling $4,648,974,399. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPANDING EQUITY (SEE STATEMENT)
TRUTH, RACIAL HEALING & TRANSFORMATION (TRHT) / NATIONAL DAY OF RACIAL HEALING (NDORH) (SEE STATEMENT)
LEADERSHIP DEVELOPMENT: COMMUNITY LEADERSHIP NETWORK (CLN) / GLOBAL FELLOWS NETWORK (GFN) / SOLIDARITY COUNCIL ON RACIAL EQUITY (SCORE) (SEE STATEMENT)
RACIAL EQUITY 2030 GLOBAL CHALLENGE (SEE STATEMENT)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President & CEO | 40 | $963,351 | |
Name Not Listed General Counsel & Corporate Secretary | 40 | $445,691 | |
Name Not Listed VP & Chief Investment Officer | 40 | $1,401,832 | |
Name Not Listed Vp-Strategy | 40 | $476,283 | |
Name Not Listed VP For Finance & Treasurer | 40 | $433,973 | |
Name Not Listed Trustee | 7 | $60,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mckinsey & Co Inc | 8/30/23 | $10,175,000 |
Omnicom Group Inc (Porter Novelli Ketchum Inc) | 8/30/23 | $3,466,258 |
Information Technology Partners Inc | 8/30/23 | $2,553,298 |
Nbc Universal Llc | 8/30/23 | $2,200,000 |
Institute For The Future | 8/30/23 | $1,481,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $384,089,768 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,059,902 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,825,111 |
| Capital Gain Net Income | $20,438,571 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $258,950 |
| Total Revenue | $396,233,731 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,963,543 |
| Other employee salaries and wages | $23,889,645 |
| Pension plans, employee benefits | -$15,315,305 |
| Interest | $0 |
| Taxes | $194,667 |
| Depreciation | $4,213,682 |
| Occupancy | $2,176,826 |
| Travel, conferences, and meetings | $714,651 |
| Printing and publications | $170,637 |
| Other expenses | $6,084,735 |
| Total operating and administrative expenses | $60,063,411 |
| Contributions, gifts, grants paid | $306,363,015 |
| Total expenses and disbursements | $366,426,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $111,635,511 |
| 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 | $1,517,840 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $171,552,266 |
| Net Land, buildings, and equipment | $47,144,496 |
| Other assets | $50,861,438 |
| Total assets | $487,711,266 |
| Accounts payable and accrued expenses | $7,870,234 |
| Grants payable | $151,370,282 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $62,167,276 |
| Total liabilities | $221,407,792 |
Grants Awarded
Over the last fiscal year, W K Kellogg Foundation has awarded $593,006,125 in support to 2,263 organizations.
| Grant Recipient | Amount |
|---|---|
1619 FREEDOM SCHOOL PURPOSE: ADDRESS PERSISTENT ACADEMIC ACHIEVEMENT GAPS THROUGH INTENSIVE LITERACY INSTRUCTION | $100,000 |
2020 MOM PURPOSE: ELEVATE THE EXPERIENCES OF MOTHERHOOD IN NATIONAL ADVOCACY BY STRENGTHENING MOTHER'S CAPACITY TO ORGANIZE AND PARTICIPATE IN POLICY DECISIONS | $262,500 |
482 FORWARD PURPOSE: ENABLE THE ORGANIZATION TO ACHIEVE ITS MISSION OF BUILDING ORGANIZING INFRASTRUCTURE FOR EDUCATION JUSTICE IN DETROIT AND ACROSS THE STATE BY PROVIDING GENERAL OPERATING SUPPORT | $150,000 |
9TO5 NATIONAL ASSOCIATION PURPOSE: MATCHING GRANT | $50 |
826 NEW ORLEANS PURPOSE: PROVIDE GENERAL OPERATING SUPPORT TO HELP THE ORGANIZATION ADVANCE ITS MISSION OF CULTIVATING AND SUPPORTING THE VOICES OF NEW ORLEANS' WRITERS AGES 6-18 THROUGH CREATIVE COLLABORATIONS WITH SCHOOLS AND COMMUNITIES | $200,000 |
A GLIMPSE OF AFRICA PURPOSE: PROVIDE GENERAL OPERATING SUPPORT TO HELP THE ORGANIZATION ADVANCE ITS MISSION OF CONNECTING THE AFRICAN IMMIGRANT AND REFUGEE COMMUNITY TO LOCAL RESOURCES AND OPPORTUNITIES, THROUGH ADVOCACY, BY CREATING A SENSE OF BELONGING, AND BREAKING LANGUAGE, CULTURAL AND SYSTEMIC BARRIERS | $50,000 |