K5 Foundation
- Assets
- $42.9m
- Revenue
- $5.1m
- Investments
- $35.0m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 11/2018
- Data as of
- 12/2023
- EIN
- 83-1599193
Organization Overview
K5 Foundation is located in San Francisco, CA. The organization was established in 2018. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. K5 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, K5 Foundation generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, K5 Foundation has awarded 45 individual grants totaling $15,401,500. 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 |
|---|---|---|---|
Tonia Karr Director | 2 | $0 | |
Adam Karr Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $36,447 |
| Dividends & Interest | $329,972 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,730,577 |
| Capital Gain Net Income | $4,730,577 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,096,996 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $99,285 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,933 |
| Total operating and administrative expenses | $306,238 |
| Contributions, gifts, grants paid | $1,257,303 |
| Total expenses and disbursements | $1,563,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,901 |
| Savings and temporary cash investments | $7,886,395 |
| 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 | $1,026 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,208,258 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $42,945,817 |
| Accounts payable and accrued expenses | $51,146 |
| Grants payable | $2,293,863 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $159,175 |
| Total liabilities | $2,504,184 |
Grants Awarded
Over the last fiscal year, K5 Foundation has awarded $2,070,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN SCHOOL FOR BOYS PURPOSE: TOWN SCHOOL TOMORROW BEGINS CAMPAIGN | $175,000 |
KIPP AREA SCHOOLS PURPOSE: GENERAL SUPPORT | $250,000 |
SPONSORS FOR EDUC OPPORTUNITIES PURPOSE: GENERAL OPERATING SUPPORT | $250,000 |
BOARD OF TRTS LELAND STANFORD UNIVE PURPOSE: THE KARR FAMILY PROGRAMMING FUND FOR THE BLACK COMMUNITY, THE KARR FAMILY PROVOSTIAL FELLOW FUND, STANFORD GRADUATE SCHOOL OF EDUCATION DEANS DISCRETIONARY FUND | $1,015,000 |
NORTHWESTERN UNIVERSITY PURPOSE: FUTURE POSSIBILITIES FOR SECOND YEARS FUND, KARR SCHOLARSHIP FUND | $300,000 |
LARKIN STREET YOUTH SERVICES PURPOSE: BRIDGE ACADEMY | $25,000 |