Ric & Suzanne Kayne Foundation
- Assets
- $12.4m
- Revenue
- $4.1m
- Investments
- $11.1m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/1987
- Data as of
- 12/2022
- EIN
- 95-4124379
Organization Overview
Ric & Suzanne Kayne Foundation is located in Los Angeles, CA. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Ric & Suzanne Kayne 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, Ric & Suzanne Kayne Foundation generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 11.5% per year over the past 7 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.
Since 2014, Ric & Suzanne Kayne Foundation has awarded 264 individual grants totaling $19,842,604. 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 |
|---|---|---|---|
Suzanne L Kayne President | 1 | $0 | |
Richard A Kayne Director | 1 | $0 | |
Saree Kayne Treasury / Secretary | 1 | $0 | |
Jennifer Kayne-Ehrlich Director | 1 | $0 | |
Maggie Kayne Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rmz Llc | 12/30/22 | $120,000 |
Jcsa Inc | 12/30/22 | $96,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,852,040 |
| Interest on Savings | $3,278 |
| Dividends & Interest | $448,094 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $584,136 |
| Capital Gain Net Income | $584,136 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $204,343 |
| Total Revenue | $4,091,891 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,232 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $125 |
| Printing and publications | $0 |
| Other expenses | $494 |
| Total operating and administrative expenses | $285,518 |
| Contributions, gifts, grants paid | $2,349,307 |
| Total expenses and disbursements | $2,634,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $809,147 |
| Savings and temporary cash investments | $274,383 |
| 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 | $8,231,778 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $222,838 |
| Total assets | $12,372,737 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,991,550 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $114,321 |
| Total liabilities | $2,105,871 |
Grants Awarded
Over the last fiscal year, Ric & Suzanne Kayne Foundation has awarded $1,790,298 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
READY TO SUCCEED PURPOSE: KAYNE SCHOLARS, GRANT PERIOD JAN 2022 TO JUNE 2022 | $234,246 |
READY TO SUCCEED PURPOSE: KAYNE SCHOLARS, GRANT PERIOD JULY 2022 TO JUNE 2023 | $1,023,027 |
JVS SOCAL PURPOSE: GRANT | $5,000 |
SCHOLARMATCH PURPOSE: KAYNE SCHOLARS | $28,025 |
THE UCLA FOUNDATION PURPOSE: UCLA ANDERSON SCHOOL OF MANAGEMENT FOR THE RIC & SUZANNE KAYNE INVESTMENT MANAGEMENT SPECIALIZATION PROGRAM FUND | $500,000 |