Kayd Foundation Inc
- Assets
- $511.8k
- Revenue
- $632.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Paul, MN
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 83-0659538
Organization Overview
Kayd Foundation Inc is located in Saint Paul, MN. The organization was established in 2018. According to its NTEE Classification (J21) the organization is classified as: Vocational Counseling, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kayd 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, Kayd Foundation Inc generated $632.3k in total revenue. All expenses for the organization totaled $578.7k during the year ending 12/2021. While expenses have increased by 230.0% per year over the past 2 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE NECESSARY TOOLS THAT WILL HELP INDIVIDUALS AND COMMUNITIES TO LIVE HEALTHIER AND PRODUCTIVE LIVES
Describe the Organization's Program Activity:
Part 3 - Line 4a
KAYD FOUNDATION PROVIDED AFTER SCHOOL MEALS FOR 2000 KIDS 18 AND YOUNGER DURING THE COVID-19 PANDEMIC BY DELIVERING TO THEIR HOMES WITH THE CONSENT & PERMISSION GRANTED BY THEIR PARENTS. IN ADDITION, WE ADDED ACADEMIC ENRICHMENT PROGRAMES VIA OUR WEBSITE ON FOR A DAILY & WEEKLY LESSONS. THESE ENRICHMENT PROGMRAMS WERE CATEGORIZED INTO PRE-SCHOOL, ELEMENTARY, MIDDLE & HIGHSCHOOL LESSONS. LAUNCHED COVID-19 AWARENESS PROGRAM IN A VIDEO, LIVE-TV PROGRAMS AND SOCIAL MEDIA; TO EDUCATE THE PUBLIC ABOUT THE CONTAINING THE VIRUS THROUGH VACINATION & SOCIAL DISTANCING.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $632,250 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $632,250 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,000 |
| Compensation of current officers, directors, key employees. | $20,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $18,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,053 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $804 |
| All other expenses | $0 |
| Total functional expenses | $578,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,825 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $387,929 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $511,754 |
| Accounts payable and accrued expenses | $396,288 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $396,288 |
| Net assets without donor restrictions | $115,466 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $511,754 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Kayd Foundation Inc has recieved totaling $17,250.
| Awarding Organization | Amount |
|---|---|
Minneapolis Foundation Minneapolis, MN PURPOSE: MOHAMED AHMED KAYD FOUNDATION - 420000 | $5,750 |
Minneapolis Foundation Minneapolis, MN PURPOSE: MOHAMED AHMED KAYD FOUNDATION - 420000 | $5,750 |
Minneapolis Foundation Minneapolis, MN PURPOSE: MOHAMED AHMED KAYD FOUNDATION - 420000 | $5,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comunidades Latinas Unidas En Servicio Inc St Paul, MN | $10,879,929 | $14,108,082 |
Hmong American Partnership Saint Paul, MN | $22,942,543 | $12,199,212 |
Operation Fresh Start Inc Madison, WI | $6,034,094 | $3,600,246 |
Housing Initiatives Inc Madison, WI | $7,872,573 | $2,245,311 |
Soar Career Solutions Duluth, MN | $346,760 | $1,200,667 |
Kayd Foundation Inc Saint Paul, MN | $511,754 | $632,250 |
South Dakota Career Planning And Placement Association Mitchell, SD | $204,962 | $0 |