K2n2 Family Foundation
- Assets
- $686.6k
- Revenue
- $22.7k
- Investments
- $674.4k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 46-1375396
Organization Overview
K2n2 Family Foundation is located in Wilmington, DE. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. K2n2 Family 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 12/2022, K2n2 Family Foundation generated $22.7k 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 (6.5%) each year. All expenses for the organization totaled $62.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, K2n2 Family Foundation has awarded 176 individual grants totaling $164,676. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kowsik Guruswamy Pres, Dir, Sec | 1 | $0 | |
Siumui Lo Dir, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $16,985 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,664 |
| Capital Gain Net Income | $6,889 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,661 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,027 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,390 |
| Total operating and administrative expenses | $18,856 |
| Contributions, gifts, grants paid | $44,050 |
| Total expenses and disbursements | $62,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,163 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $686,574 |
| 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, K2n2 Family Foundation has awarded $44,050 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN YOUTH SOCCER ORGANIZATION - AYSO REGION 1 PURPOSE: GENERAL & UNRESTRICTED | $100 |
AMERICAN CANCER SOCIETY INC PURPOSE: GENERAL & UNRESTRICTED | $50 |
ANIMAL ASSISTED HAPPINESS INC PURPOSE: GENERAL & UNRESTRICTED | $200 |
CALIFORNIA ACADEMY OF SCIENCES PURPOSE: GENERAL & UNRESTRICTED | $250 |
BAY AREA RIDGE TRAIL COUNCIL PURPOSE: GENERAL & UNRESTRICTED | $250 |
CANOPY PURPOSE: GENERAL & UNRESTRICTED | $25,000 |