Kane Foundation
- Assets
- $2.6m
- Revenue
- $503.3k
- Investments
- $2.5m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- Data as of
- 12/2023
- EIN
- 85-0791281
Organization Overview
Kane Foundation is located in Los Angeles, CA. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kane 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, Kane Foundation generated $503.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 49.0% each year .
Since 2021, Kane Foundation has awarded 14 individual grants totaling $182,000. 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 |
|---|---|---|---|
Karen Kane President | 0 | $0 | |
Lonnie Kane CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $475,580 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,826 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,923 |
| Capital Gain Net Income | $3,923 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $503,329 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,942 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $426 |
| Total operating and administrative expenses | $56,532 |
| Contributions, gifts, grants paid | $124,000 |
| Total expenses and disbursements | $180,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,933 |
| Savings and temporary cash investments | $0 |
| 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 | $2,545,325 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,557,258 |
| 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 | $7,658 |
| Total liabilities | $7,658 |
Grants Awarded
Over the last fiscal year, Kane Foundation has awarded $124,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
JDRF PURPOSE: FAMILY MEDICAL CARE | $1,000 |
CITY OF HOPE PURPOSE: FAMILY MEDICAL CARE | $2,500 |
ASSISTANCE LEAGUE OF LA PURPOSE: COMMUNITY BENEFIT | $1,000 |
CHILDRENS HOSPITAL OF LOS ANGELES PURPOSE: FAMILY MEDICAL CARE | $5,000 |
CAST PURPOSE: COMMUNITY BENEFIT | $1,000 |
WESTWOOD KAHILLA PURPOSE: COMMUNITY BENEFIT | $3,000 |