Kolo Charities Inc
- Assets
- $70.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Orion, MI
- Founding
- 10/1991
- Data as of
- 12/2021
- EIN
- 38-2999444
Organization Overview
Kolo Charities Inc is located in Lake Orion, MI. The organization was established in 1991. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Kolo Charities 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, Kolo Charities Inc generated $3.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (28.7%) each year. All expenses for the organization totaled $16.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
RAISE FUNDS TO SUPPORT OTHER NON-PROFIT ORGANIZATIONS,MAINLY LEADER DOGS FOR THE BLIND AND COURAGE HOUSE WHICHSUPPORTS ABUSED CHILDREN AND ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Kowalkowski President | 3 | $0 | |
Terris Kazakos Director | 1 | $0 | |
Daniel Jaroshewich Vice Pres. | 2 | $0 | |
Jthomas Lesnau Treasurer | 2 | $0 | |
Judy Kowalkowski Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,548 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $3,048 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,937 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $626 |
| Total expenses | $16,563 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $70,198 |
| Other assets | $0 |
| Total assets | $70,198 |
| Total liabilities | $0 |
| Net assets or fund balances | $70,198 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kolo Charities Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: CHARITABLE | | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Greater Toledo Toledo, OH | $26,573,866 | $11,242,567 |
United Way Of Midland County Midland, MI | $18,815,763 | $12,494,265 |
United Way Of Southwestern Indiana Inc Evansville, IN | $5,892,582 | $5,859,250 |
United Way Of Jackson County Inc Jackson, MI | $0 | $10,716,556 |
United Way Of Genesee County Flint, MI | $9,912,088 | $6,664,898 |
United Way Of Greater Lafayette & Tippecanoe County Lafayette, IN | $12,512,730 | $7,982,899 |
Honeywell Foundation Inc Wabash, IN | $96,441,620 | $11,061,690 |
Wisconsin Regional Training Partnership Inc Milwaukee, WI | $5,167,350 | $7,096,517 |
Jewish Federation Of Greater Dayton Inc Dayton, OH | $48,084,163 | $5,302,720 |
Jewish Federation Of Columbus Columbus, OH | $17,787,138 | $6,588,134 |
Marquardt Management Services Inc Watertown, WI | $6,505,877 | $7,287,760 |
In His Steps Foundation Independence, OH | $40,099,765 | $9,073,711 |