Kay Family Foundation
- Assets
- $15.2m
- Revenue
- $219.2k
- Investments
- $12.7m
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 07/2005
- Data as of
- 12/2022
- EIN
- 55-0883567
Organization Overview
Kay Family Foundation is located in Irvine, CA. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Kay 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, Kay Family Foundation generated $219.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (27.8%) each year. All expenses for the organization totaled $17.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Kay Family Foundation has awarded 129 individual grants totaling $14,811,218. 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 |
|---|---|---|---|
Steeve Kay Directorchair | 5 | $0 | |
Helen Kay Directorvice-Chair | 4 | $0 | |
Ethan Kay Directortreasurer | 4 | $0 | |
Eleanor Kay Directorsecretary | 4 | $0 | |
Elim Kay Directorpresident | 25 | $0 | |
Timothy Tang Directorgrants | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
| 12/30/22 | $628,821 | |
Tee Hub Llc | 12/30/22 | $0 |
| 12/30/22 | $153,486 | |
Mcdermott Will And Emery | 12/30/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $56,344 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $162,888 |
| Capital Gain Net Income | $162,888 |
| Net ST Capital Gain | $162,888 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $219,232 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $170,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $403 |
| Total operating and administrative expenses | $1,183,508 |
| Contributions, gifts, grants paid | $16,161,197 |
| Total expenses and disbursements | $17,344,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,546,678 |
| 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 | $12,675,265 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,221,943 |
| Accounts payable and accrued expenses | $382,150 |
| Grants payable | $150,000 |
| 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 | $532,150 |
Grants Awarded
Over the last fiscal year, Kay Family Foundation has awarded $911,179 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATIONS OF FREEDOM PURPOSE: GRANTS & PLEDGES - FAITH | $600,000 |
SOUTHERN CALIFORNIA BURMA-CHINESE PURPOSE: HUAZHONG 100THANNIVERSARY ALBUM | $7,179 |
SAMUELI ACADEMY PURPOSE: GRANTS & PLEDGES - EDUCATION | $50,000 |
UCI PURPOSE: CENTER FOR HEALTHSPAN SCIENCES | $25,000 |
UCLA MEDICAL HOSPITALITY PROGRAM PURPOSE: UCLA MEDICAL HOSPITALITY PROGRAM | $29,000 |
NATIONAL TALENT COLLABORATIVE PURPOSE: GRANTS & PLEDGES - ARTS & OTHER | $200,000 |