Adrian Kiwanis Foundation Inc

Organization Overview

Adrian Kiwanis Foundation Inc is located in Adrian, MI. The organization was established in 1985. 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. Adrian Kiwanis 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 12/2021, Adrian Kiwanis Foundation Inc generated $608.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.5% each year . All expenses for the organization totaled $160.9k during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RECEIVE AND ADMINISTER FUNDS FOR EDUCATIONAL, CHARITABLE OR RELIGIOUS PURPOSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE FUNDS, IF AVAILABLE, FOR OTHER NOT-FOR-PROFIT 501C(3) ORGANIZATIONS SO THAT THEY MAY PROVIDE THE NEEDED SERVICES NOT COVERED BY GOVERNMENT OR OTHER PRIVATE ORGANIZATIONS. THIS FUNCTION IS COMPLETED THROUGH OUR SUPPORTED ORGANIZATION A 501C(4)ORGANIZATION, KIWANIS CLUB OF ADRIAN.


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Board, Officers & Key Employees

Name (title)Compensation
Mike Jacobitz
Treasurer
$0
Jack Lewis
Secretary
$0
Todd Morgan
President
$0
Frank Rhames
Vice Preside
$0
Garry Clift
Trustee
$0
Krista Girrbach
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $83,250
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $340,600
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $608,100

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Adrian Kiwanis Foundation Inc has recieved totaling $250.

Awarding OrganizationAmount
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: PROGRAM/OPERATING SUPPORT

$250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,781,296
Earnings$717,022
Other Expense$35,912
Grants$125,000
Ending Balance$4,337,406

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