K-Cares Foundation Inc
- Assets
- $428.3k
- Revenue
- $306.0
- Investments
- $0.0
- Employees
- 0
- Location
- Huntington Beach, CA
- Founding
- 06/2011
- Data as of
- 12/2022
- EIN
- 27-4700808
Organization Overview
K-Cares Foundation Inc is located in Huntington Beach, CA. The organization was established in 2011. 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. K-Cares 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 12/2022, K-Cares Foundation Inc generated $306.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (51.5%) each year. All expenses for the organization totaled $90.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, K-Cares Foundation Inc has awarded 90 individual grants totaling $867,216. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOY & GIRLS CLUB OF HV - NO EXPENSES
BOY & GIRLS CLUB OF HV - NO EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Kupferstein CEO | 5 | $0 | |
Merribeth Kupferstein Secretary | 5 | $0 | |
Robert Kupferstein CEO | 5 | $0 | |
Merribeth Kupferstein Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $306 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $306 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $165 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $129 |
| Other expenses | $695 |
| Total operating and administrative expenses | $1,628 |
| Contributions, gifts, grants paid | $89,099 |
| Total expenses and disbursements | $90,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $427,797 |
| 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 | $490 |
| Other assets | $0 |
| Total assets | $428,287 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, K-Cares Foundation Inc has awarded $178,198 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
KINDERVISION PURPOSE: COMMUNITY WELFARE | $3,500 |
HUNTINGTON BEACH TREE SOCIETY PURPOSE: COMMUNITY WELFARE | $500 |
BOYS & GIRLS CLUBS OF HUNTINGTON VALLET PURPOSE: CHILD SERVICES | $29,700 |
MCDONALDS PURPOSE: COMMUNITY WELFARE | $300 |
MLB CHARITIES PURPOSE: COMMUNITY WELFARE | $14,575 |
ROBYNES NEST PURPOSE: COMMUNTIY WELFARE | $22,500 |