Kaena Foundation
- Assets
- $0.0
- Revenue
- $2.3m
- Investments
- $111.2m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 08/2014
- Data as of
- 12/2020
- 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 12/2020, Kaena Foundation generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (70.7%) each year. All expenses for the organization totaled $6.6m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonny Miller Pres/treas/secretary (as Of 5/31/21) | 1 | $25,000 | |
Jeffrey Weston Vice President (as Of 5/31/21) | 1 | $16,667 | |
Michelle Galdos Co Dorsey Whitney Vice President (as Of 5/31/21) | 1 | $16,667 | |
John Otterlei President/treasurer (resigned 5/31/21) | 1 | $5,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arabella Advisors Llc | 12/30/21 | $248,831 |
Powered By Shakti Llc | 12/30/21 | $219,950 |
Cambridge Associates | 12/30/21 | $422,112 |
Us Bank | 12/30/21 | $99,289 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,262,196 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,288,902 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,062,083 |
| Contributions, gifts, grants paid | $5,500,000 |
| Total expenses and disbursements | $6,562,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,939 |
| Investments—mortgage loans | $0 |
| Investments—other | $95,487,621 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |
F R Bigelow Foundation Trust 555 St Paul, MN | $202,026,485 | $23,166,449 |
Lewis W Hyer Trust 098310c Milwaukee, WI | $167,937,358 | $18,090,828 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |