Kakatu Inc
- Assets
- $2.2m
- Revenue
- $115.3k
- Investments
- $2.2m
- Employees
- 0
- Location
- Muncie, IN
- Founding
- 07/1999
- Data as of
- 12/2023
- EIN
- 35-2064839
Organization Overview
Kakatu Inc is located in Muncie, IN. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Kakatu 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, Kakatu Inc generated $115.3k 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 (6.6%) each year. All expenses for the organization totaled $145.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kakatu Inc has awarded 291 individual grants totaling $1,361,800. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
KAKATU FOUNDATION DISTRIBUTED GRANTS TO OTHER 501C3 ORGS WHICH CARRY OUT THE INTENTIONS OF KAKATUS MISSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Meeks President | 0.5 | $0 | |
David Meeks Jr Vice President | 0.5 | $0 | |
James P Borgmann Secretary | 0.5 | $0 | |
Sheela Davis Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24 |
| Dividends & Interest | $56,469 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,298 |
| Capital Gain Net Income | $55,298 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,537 |
| Total Revenue | $115,328 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,408 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $26,251 |
| Contributions, gifts, grants paid | $119,000 |
| Total expenses and disbursements | $145,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14 |
| Savings and temporary cash investments | $55,464 |
| 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 | $0 |
| Total assets | $2,237,990 |
| 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, Kakatu Inc has awarded $116,500 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
THE INSTITUTE FOR HUMAN SERVICES PURPOSE: GENRAL PURPOSE | $1,000 |
RESIDENTIAL YOUTH SERVICES EMPOWER PURPOSE: GENERAL MISSION | $2,000 |
ACCESSURF HAWAII INC PURPOSE: GENERAL MISSION | $2,000 |
SURFRIDER FOUNDATION PURPOSE: HSB CHAPTER | $1,000 |
MONTANA STATE UNIVERSITY PURPOSE: FRED URBASKA ENDOWNMENT | $10,000 |
HAWAII FOODBANK PURPOSE: GENERAL MISSION | $1,000 |