Kayla Mitchell Foundation
- Assets
- $1.1m
- Revenue
- $33.3k
- Investments
- $384.8k
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 02/2003
- Data as of
- 12/2023
- EIN
- 56-2307848
Organization Overview
Kayla Mitchell Foundation is located in Sarasota, FL. The organization was established in 2003. 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. Kayla Mitchell 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 12/2023, Kayla Mitchell Foundation generated $33.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $84.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kayla Mitchell Foundation has awarded 63 individual grants totaling $326,743. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ACCORDANCE WITH THE PROVISIONS OF THE KAYLA MITCHELL LIVING TRUST, A VIOLIN MADE BY FRANCESCO RUGGIERI IN CREMONA, ITALY, DATED 1690 WAS LOANDED TO A DESERVING YOUNG VIOLINIST IN THE ISRAEL PHILHARMONIC ORCHESTRA.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $83 |
| Dividends & Interest | $33,246 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7 |
| Total Revenue | $33,336 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $801 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $575 |
| Total operating and administrative expenses | $8,385 |
| Contributions, gifts, grants paid | $76,330 |
| Total expenses and disbursements | $84,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $419,650 |
| 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 | $189,941 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $265,000 |
| Total assets | $1,069,474 |
| 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 | $103,914 |
| Total liabilities | $103,914 |
Grants Awarded
Over the last fiscal year, Kayla Mitchell Foundation has awarded $76,330 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CHABAD HOUSE OF DOWNTOWN SARASOTA PURPOSE: GENERAL | $5,000 |
BIG BROTHERS BIG SISTERS LONESTAR FOUNDATION PURPOSE: GENERAL | $1,000 |
RINGLING COLLEGE OF ART & DESIGN PURPOSE: GENERAL | $7,500 |
FORTY CARROTS PURPOSE: GENERAL | $1,500 |
FLORIDA STUDIO THEATER PURPOSE: GENERAL | $5,000 |
NEW COLLEGE FOUNDATION PURPOSE: GENERAL | $5,000 |