K5 Foundation
- Assets
- $43.4m
- Revenue
- $413.2k
- Investments
- $38.2m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 11/2018
- Data as of
- 12/2021
- 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 12/2021, K5 Foundation generated $413.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (60.9%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, K5 Foundation has awarded 23 individual grants totaling $3,534,000. 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 |
|---|---|---|---|
Adam Karr Director | 2 | $0 | |
Tonia Karr Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,269 |
| Dividends & Interest | $326,850 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,130 |
| Capital Gain Net Income | $73,130 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $413,249 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,517 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,271 |
| Total operating and administrative expenses | $35,721 |
| Contributions, gifts, grants paid | $1,899,000 |
| Total expenses and disbursements | $1,934,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,425 |
| Savings and temporary cash investments | $4,971,273 |
| 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 | $829,808 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $43,390,127 |
| Accounts payable and accrued expenses | $10,800 |
| 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 | $20,007 |
| Total liabilities | $30,807 |
Grants Awarded
Over the last fiscal year, K5 Foundation has awarded $1,899,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
STANFORD UNIVERSITY PURPOSE: CAPITAL CAMPAIGN GSE | $1,000,000 |
Groton, MA PURPOSE: FINANCIAL AID | $225,000 |
SPONSORS FOR EDUC OPPORTUNITIES PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
Evanston, IL PURPOSE: CAPITAL CAMPAIGN GSE | $164,000 |
STANFORD UNIVERSITY PURPOSE: GENERAL OPERATING SUPPORT GSE | $150,000 |
STANFORD UNIVERSITY PURPOSE: CAPITAL CAMPAIGN GSE | $95,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philanthropic Ventures Foundation Oakland, CA | $36,414,979 | $20,169,103 |
Central Valley Community Foundation Fresno, CA | $105,414,980 | $19,266,870 |
Hispanics In Philanthropy Oakland, CA | $32,628,139 | $20,330,373 |
Women Donors Network San Francisco, CA | $11,762,739 | $21,849,859 |
Edwards Lifesciences Foundation Irvine, CA | $84,164,854 | $6,008,947 |
Just One Project Las Vegas, NV | $1,280,784 | $8,846,231 |
Asian Pacific Fund San Francisco, CA | $25,769,246 | $16,047,288 |
Mission Increase Tigard, OR | $936,883 | $5,775,075 |
Jewish Community Association Of Greater Phoenix Scottsdale, AZ | $31,119,150 | $6,708,831 |
American Muslim Community Foundation Fremont, CA | $4,272,850 | $7,338,552 |
Armenia Fund Inc Glendale, CA | $68,598,938 | $8,000,794 |
Childrens Legal Services Of San Diego San Diego, CA | $3,320,083 | $4,712,343 |