Kml Foundation Inc
- Assets
- $11.4m
- Revenue
- $1.5m
- Investments
- $10.7m
- Employees
- 0
- Location
- St Petersburg, FL
- Founding
- 06/2007
- Data as of
- 12/2023
- EIN
- 20-3344671
Organization Overview
Kml Foundation Inc is located in St Petersburg, FL. The organization was established in 2007. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Kml 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 12/2023, Kml Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $542.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO STUDENTS IN THE TAMPA BAY AREA TO ATTEND COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John E Kearney President/ch | 0 | $50,000 | |
Andrew T Siriani Vp/asst Sec/ | 0 | $24,807 | |
Kim Miller Secretary & | 0 | $25,000 | |
Charlene D Moore Controller | 0 | $60,466 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $875,304 |
| Interest on Savings | $316 |
| Dividends & Interest | $310,969 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $304,785 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $51,481 |
| Total Revenue | $1,542,855 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $160,273 |
| Other employee salaries and wages | $828 |
| Pension plans, employee benefits | $12,371 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $25,653 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45,163 |
| Total operating and administrative expenses | $359,389 |
| Contributions, gifts, grants paid | $182,900 |
| Total expenses and disbursements | $542,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,277 |
| Savings and temporary cash investments | $144,921 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $390,738 |
| Total assets | $11,427,103 |
| 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 | $53,000 |
| Total liabilities | $53,000 |