Kaena Foundation
- Assets
- $104.8m
- Revenue
- $3.5m
- Investments
- $103.2m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-2692867
Organization Overview
Kaena Foundation is located in Minneapolis, MN. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Kaena 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 12/2022, Kaena Foundation generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 45.1% each year . All expenses for the organization totaled $15.3m during the year ending 12/2022. While expenses have increased by 24.9% per year over the past 4 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Weston Vice President | 1 | $20,000 | |
Michelle Galdos Co Dorsey Whitney Vice President | 1 | $20,000 | |
Sonny Miller Pres/treas/secretary | 1 | $20,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 12/30/22 | $384,617 |
Arabella Advisors Llc | 12/30/22 | $228,000 |
Powered By Shakti Llc | 12/30/22 | $281,525 |
Us Bank | 12/30/22 | $83,670 |
Gma Foundations | 12/30/22 | $78,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,303,522 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,213,274 |
| Capital Gain Net Income | $2,009,245 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,516,796 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $262,301 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,755 |
| Total operating and administrative expenses | $1,529,333 |
| Contributions, gifts, grants paid | $13,750,000 |
| Total expenses and disbursements | $15,279,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $355,530 |
| Savings and temporary cash investments | $1,220,941 |
| 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 | $87,770,293 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $104,802,668 |
| 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 |