K2 Adventures Foundation
- Assets
- $848.0k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Scottsdale, AZ
- Founding
- 06/2010
- Data as of
- 12/2023
- EIN
- 27-1302780
Organization Overview
K2 Adventures Foundation is located in Scottsdale, AZ. The organization was established in 2010. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. As of 12/2023, K2 Adventures Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. K2 Adventures 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, K2 Adventures Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 13.0% per year over the past 9 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 2015, K2 Adventures Foundation has awarded 72 individual grants totaling $899,555. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CARE FOR CHILDREN, ADULTS AND FAMILIES WITH SPECIAL NEEDS AND/OR LIFE CHANGING MEDICAL CIRCUMSTANCES BY PROVIDING SERVICES, SUPPORT AND FUNDS THAT WILL BE USED FOR EDUCATIONAL AND MEDICAL ENRICHMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023 K2 ADVENTURES FOUNDATION CONTINUED TO BE A PHILANTHROPIC LEADER BOTH IN OUR LOCAL ARIZONA COMMUNITY AS WELL AS INTERNATIONALLY. WE RAN NUMEROUS LOCAL PROGRAMS WHICH SERVE INDIVIDUALS IN NEED IN A VARIETY OF DIFFERENT WAYS. K2 FIT AND WELL, K2 FOOD FOR FAMILIES, K2 KITCHENS, AND K2 CRAFTS CONTINUED TO SUPPORT THOSE IN NEED. OUR LARGEST PROGRAM, K2 STRENGTH TO THRIVE, DESIGNED TO ADDRESS THE GROWING NEED FOR MENTAL AND BEHAVIORAL HEALTH AND SUPPORT IN ARIZONA GREW TREMENDOUSLY SINCE ITS INCEPTION IN 2022. WE WORKED TO ADDRESS THE SEVERE NEED FOR SUPPORT WITH FOOD SHORTAGES THROUGH OUR K2 FOOD FOR FAMILIES PROGRAM. WE ALSO AWARDED GRANTS TO NUMEROUS INDIVIDUALS AND FAMILIES WHO EXHIBITED THE NEED FOR MEDICAL EQUIPMENT OR FINANCIAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Salcito-Brotz CEO | OfficerTrustee | 40 | $105,761 |
Kevin Cherilla President | OfficerTrustee | 40 | $89,402 |
Kelly Michael CFO | OfficerTrustee | 40 | $56,594 |
Terri Nesser Secretary | Trustee | 20 | $0 |
Bobbi Chawla Director | Trustee | 2 | $0 |
Rahul Chawla Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $461,024 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $860,480 |
| Noncash contributions included in lines 1a–1f | $117,503 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,321,504 |
| Total Program Service Revenue | $0 |
| Investment income | $9,598 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$146 |
| Net Income from Fundraising Events | -$84,194 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,246,762 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $121,782 |
| Grants and other assistance to domestic individuals. | $312,112 |
| Grants and other assistance to Foreign Orgs/Individuals | $173,912 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $253,455 |
| Compensation of current officers, directors, key employees. | $75,345 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,601 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,885 |
| Fees for services: Accounting | $13,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $745 |
| Fees for services: Other | $34,519 |
| Advertising and promotion | $21,801 |
| Office expenses | $21,050 |
| Information technology | $30,063 |
| Royalties | $0 |
| Occupancy | $32,363 |
| Travel | $5,929 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,354 |
| Insurance | $3,355 |
| All other expenses | $0 |
| Total functional expenses | $1,185,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,596 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $9,600 |
| 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 | $1,086 |
| Net Land, buildings, and equipment | $990 |
| Investments—publicly traded securities | $404,812 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $119,958 |
| Total assets | $848,042 |
| Accounts payable and accrued expenses | $11,348 |
| 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 | $85,810 |
| Total liabilities | $97,158 |
| Net assets without donor restrictions | $231,292 |
| Net assets with donor restrictions | $519,592 |
| 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 | $848,042 |
Grants Awarded
Over the last fiscal year, K2 Adventures Foundation has awarded $121,782 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HOPE KIDS PURPOSE: Support operations | $11,557 |
ELEVATE PHOENIX PURPOSE: Support operations | $10,900 |
VALLEYWISE HEALTH PURPOSE: Support operations | $10,000 |
BLACKTIE LLC PURPOSE: Support operations | $8,000 |
SERVE THE FUTURE PURPOSE: Support operations | $5,500 |
ADVENTURES IN TRAINING PURPOSE: Support operations | $16,700 |