K Squared Foundation Inc
- Assets
- $14.3m
- Revenue
- $8.8m
- Investments
- $14.3m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-4253851
Organization Overview
K Squared Foundation Inc is located in Atlanta, GA. 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. K Squared 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 12/2021, K Squared Foundation Inc generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 41.0% each year . All expenses for the organization totaled $439.2k during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 7 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 2016, K Squared Foundation Inc has awarded 45 individual grants totaling $3,741,901. 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 |
|---|---|---|---|
Valerie Kieffer President | 0 | $0 | |
Richard Alan Kort Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $132 |
| Dividends & Interest | $178,507 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,641,071 |
| Capital Gain Net Income | $8,641,071 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,819,710 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,200 |
| Contributions, gifts, grants paid | $437,000 |
| Total expenses and disbursements | $439,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $3,919,680 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,295,785 |
| 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, K Squared Foundation Inc has awarded $437,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY DONOR ADVISED FUND PURPOSE: CHARITABLE FUND | $157,000 |
Atlanta, GA PURPOSE: HORSE PARK FACILITY | $100,000 |
New York, NY PURPOSE: HUNGER AND POVERTY | $50,000 |
New York, NY PURPOSE: PROMOTES WELLBEING OF SENIORS | $50,000 |
Sandy Springs, GA PURPOSE: FOOD PANTRY | $45,000 |
Atlanta, GA PURPOSE: EDUCATIONAL INSTITUTION | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Support Our Troops Inc Daytona Beach, FL | $652,227 | $41,324,093 |
Southeastern Community Action Partnership Inc Lumberton, NC | $11,958,279 | $19,896,705 |
American Fundraising Foundation Inc Maitland, FL | $13,489,394 | $16,136,083 |
The Arc Of Southwest Georgia Inc Albany, GA | $6,771,229 | $11,186,192 |
North Carolina Justice Center Raleigh, NC | $7,153,656 | $8,035,969 |
Overland Missions Inc Cocoa, FL | $9,630,002 | $9,209,723 |
Central Florida Community Action Agency Inc Gainesville, FL | $1,781,778 | $5,443,160 |
Georgia Southern University Athletic Foundation Inc Statesboro, GA | $44,746,506 | $10,941,210 |
Camp Southern Ground Inc Fayetteville, GA | $42,360,262 | $6,762,157 |
Hope For Justice Inc Nashville, TN | $1,240,056 | $3,979,236 |
Supportive Housing Communities Inc Charlotte, NC | $5,021,475 | $3,897,502 |
The Green Chair Project Inc Raleigh, NC | $6,753,039 | $4,421,917 |