Kelvin Foundation
- Assets
- $7.6m
- Revenue
- $278.3k
- Investments
- $7.5m
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 07/2000
- Data as of
- 12/2022
- EIN
- 77-0528782
Organization Overview
Kelvin Foundation is located in Los Altos, CA. The organization was established in 2000. 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. Kelvin 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, Kelvin Foundation generated $278.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $720.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kelvin Foundation has awarded 75 individual grants totaling $2,200,039. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISPENSING FUNDS FOR CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Bechmann President | 1 | $0 | |
Carol Olsen Director | 1 | $0 | |
Dare Ventresca Director | 1 | $0 | |
Guyan Tigha Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $365 |
| Dividends & Interest | $201,303 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,646 |
| Capital Gain Net Income | $76,646 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $278,314 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,067 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $101,613 |
| Total operating and administrative expenses | $127,680 |
| Contributions, gifts, grants paid | $592,920 |
| Total expenses and disbursements | $720,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $104,510 |
| 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 | $6,888,223 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,593,566 |
| Accounts payable and accrued expenses | $4,904 |
| 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 | $15,425 |
| Total liabilities | $20,329 |
Grants Awarded
Over the last fiscal year, Kelvin Foundation has awarded $592,920 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
EISENHOWER MED CENTER PURPOSE: GENERAL SUPPORT | $225,000 |
MUSEUM OF NEW MEXICO FOUNDATION PURPOSE: GENERAL SUPPORT | $15,000 |
PRINCETON UNIVERSITY CLASS OF 1979 PURPOSE: GENERAL SUPPORT | $250 |
FIRST SERVE - NEW MEXICO PURPOSE: GENERAL SUPPORT | $5,000 |
STANFORD UNIVERSITY PURPOSE: GENERAL SUPPORT | $3,500 |
KARA PURPOSE: GENERAL SUPPORT | $1,040 |