Capital District Kiwanis Foundation
- Assets
- $1.4m
- Revenue
- $290.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Haymarket, VA
- Founding
- 06/1973
- Data as of
- 09/2021
- EIN
- 23-7226256
Organization Overview
Capital District Kiwanis Foundation is located in Haymarket, VA. The organization was established in 1973. According to its NTEE Classification (S82) the organization is classified as: Mens Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital District Kiwanis 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 09/2021, Capital District Kiwanis Foundation generated $290.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $80.9k during the year ending 09/2021. While expenses have increased by 10.4% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GENERAL PURPOSES OF THE CAPITAL DISTRICT KIWANIS FOUNDATION ARE TO ASSIST NEEDY PERSONS, PARTICULARLY YOUNG PEOPLE; TO ASSIST WORTHY YOUTH IN ATTAINING VOCATIONAL EXCELLENCE; AND TO AID HANDICAPPED PERSONS IN REGAINING HAPPY, USEFUL LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIWANIS CHILDREN'S FUND AND CLUB GRANTS - PROVIDE GRANTS TO DISTRICT KIWANIS CLUBS TO SUPPLEMENT THEIR RESOURCES FOR SERVICE IN SUPPORT OF CHILDREN, FROM MEALS TO AFTER-SCHOOL ACTIVITIES TO RECEATIONAL OPPORTUNITIES. ALSO PROVIDE GRANTS TO DISTRICT CIRCLE K TO HELP DEFRAY TRAINING AND OTHER ADMINISTRATIVE EXPENSES.
PEDIATRIC TRAUMA GRANTS - DONATE TO PEDIATRIC TRAUMA CENTERS SUPPORTING CHILDREN LIVING IN THE CAPITAL DISTRICT.
SCHOLARSHIPS - AWARD SCHOLARSHIPS TO HIGH SCHOOL STUDENTS IN DISTRICT-BASED KEY CLUBS AND COLLAGE STUDENTS IN DISTRICT-BASED CIRLCE K CHAPTERS, AND A COMPETITIVE TEENAGER OF THE YEAR TO ONE YOUTH IN THE DISTRICT, ALL OF WHOM DEMONSTRATE OUTSTANDING LEADERSHIP, COMMUNITY SERVICE, AND SCHOLARSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Dasovich President | OfficerTrustee | 4 | $0 |
Edwin Daley President-Elect | OfficerTrustee | 4 | $0 |
Bob Wright Vice President | OfficerTrustee | 4 | $0 |
Nancy Simonelli Exec. Secretary | OfficerTrustee | 4 | $0 |
David Lurie Treasurer | OfficerTrustee | 4 | $0 |
Dennis Baugh Governor | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,627 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $210,499 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,126 |
| Total Program Service Revenue | $0 |
| Investment income | $31,596 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,718 |
| Net Income from Fundraising Events | -$1,969 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $290,471 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| Grants and other assistance to domestic individuals. | $48,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,648 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,566 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $333 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $80,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,772 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,382,487 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,417,259 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $794,952 |
| Net assets with donor restrictions | $622,307 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,417,259 |
Grants Awarded
Over the last fiscal year, Capital District Kiwanis Foundation has awarded $32,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Ashland, VA | | $10,000 |
Ashland, VA | | $10,000 |
Richmond, VA | | $6,000 |
Richmond, VA | | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Capital District Kiwanis Foundation has recieved totaling $50.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Honorable Order Of Kentucky Colonels Inc Louisville, KY | $20,472,188 | $3,774,310 |
Lynchburg Lodge 715 Loyal Order Of Moose Lynchburg, VA | $1,181,606 | $1,405,839 |
North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi Raleigh, NC | $5,303,877 | $585,969 |
Womans Club Richmond, VA | $937,761 | $530,480 |
Benevolent & Protective Order Of Elks Of The Usa Severna Park, MD | $519,777 | $762,401 |
Black Men S Xchange National Inc Owings Mills, MD | $286,590 | $465,733 |
Fraternal Order Of Police Sykesville, MD | $2,235,728 | $329,587 |
Benevolent & Protective Order Of Elks Of The Usa Fredericksburg, VA | $1,670,571 | $467,040 |
Elkton Lodge No 851 Loyal Order Of Moose Elkton, MD | $803,012 | $489,690 |
Benevolent & Protective Order Of Elks Of The Usa Edgewater, MD | $2,971,655 | $276,335 |
Blue Ridge Fellows Program Inc Roanoke, VA | $105,619 | $259,919 |
Fraternal Order Of Eagles Alexandria, VA | $897,570 | $472,246 |