K Squared Foundation Inc
- Assets
- $13.3m
- Revenue
- $187.6k
- Investments
- $13.3m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 46-4253851
Organization Overview
K Squared Foundation Inc is located in Atlanta, GA. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. K Squared 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 12/2023, K Squared Foundation Inc generated $187.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $675.5k during the year ending 12/2023. While expenses have increased by 9.2% per year over the past 8 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.
Since 2016, K Squared Foundation Inc has awarded 56 individual grants totaling $4,691,941. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Kieffer President | 0 | $0 | |
Richard Alan Kort Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $355 |
| Dividends & Interest | $248,042 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$60,801 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $187,596 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,953 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $33,222 |
| Contributions, gifts, grants paid | $642,325 |
| Total expenses and disbursements | $675,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,070 |
| Savings and temporary cash investments | $0 |
| 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 | $3,719,544 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,344,615 |
| 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, K Squared Foundation Inc has awarded $642,325 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSING WORKS PURPOSE: AIDS AND HOMELESSNESS REHAB | $10,000 |
CARTER BURDEN NETWORK PURPOSE: PROMOTES WELLBEING OF SENIORS | $25,000 |
CITYMEALS ON WHEELS PURPOSE: PROVIDE MEALS TO ELDERLY | $100,000 |
SECOND HELPINGS ATLANTA PURPOSE: REDUCE HUNGER AND FOOD WASTE | $100,000 |
NORTHSIDE YOUTH ORGANIZATION PURPOSE: FOSTER GROWTH OF YOUNG ATHELETES | $200,000 |
THE ZADIE PROJECT PURPOSE: FEED & EDUCATE FAMILIES | $21,000 |