Alek Kavcic Foundation
- Assets
- $781.6k
- Revenue
- $1.6m
- Investments
- $216.5k
- Employees
- 0
- Location
- Austin, TX
- Founding
- 12/2017
- Data as of
- 12/2021
- EIN
- 38-7177228
Organization Overview
Alek Kavcic Foundation is located in Austin, TX. The organization was established in 2017. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alek Kavcic 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, Alek Kavcic Foundation generated $1.6m in total revenue. All expenses for the organization totaled $1.1m during the year ending 12/2021.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOVA SKOLA LLC- PUBLISHING HOUSE DEDICATED TO THE DEVELOPMENT OF PRIMARY SCHOOL EDUCATION.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,365,039 |
| Interest on Savings | $7 |
| Dividends & Interest | $11,459 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $213,880 |
| Capital Gain Net Income | $213,476 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,590,385 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $19,681 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $696,821 |
| Total operating and administrative expenses | $764,602 |
| Contributions, gifts, grants paid | $291,667 |
| Total expenses and disbursements | $1,056,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,001 |
| 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 | $0 |
| Net Land, buildings, and equipment | $540,121 |
| Other assets | $0 |
| Total assets | $781,603 |
| 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, Alek Kavcic Foundation has awarded $291,667 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FONDACIJA ALEK KAVCIC PURPOSE: FINANCIAL SUPPORT | $215,000 |
Austin, TX PURPOSE: FINANCIAL SUPPORT | $41,667 |
THE ALMAGI FOUNDATION PURPOSE: FINANCIAL SUPPORT | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Advanced Research Center The Woodlands, TX | $1,028,112 | $5,176,623 |
Stephenson Technologies Corporation Baton Rouge, LA | $6,317,141 | $14,464,169 |
Stephenson Stellar Corporation Baton Rouge, LA | $3,925,054 | $6,640,375 |
The Center Of Excellence Carlsbad, NM | $28,336,741 | $6,412,338 |
Louisiana Tech Applied Research Corporation Ruston, LA | $1,959,252 | $1,931,207 |
Alek Kavcic Foundation Austin, TX | $781,603 | $1,590,385 |
Brink Technology Inc Austin, TX | $3,996,292 | $4,459,224 |
Youth Code Jam San Antonio San Antonio, TX | $236,927 | $371,939 |
Center For Maximum Potential Building Systems Inc Austin, TX | $946,793 | $448,420 |
Sonrisa Research Inc Santa Fe, NM | $10,296 | $308,096 |
Business Technology Association Southeast Baton Rouge, LA | $797,169 | $283,032 |
Technology Student Association Carthage, TX | $994,243 | $360,844 |