Kps Charitable Foundation
- Assets
- $11.9m
- Revenue
- $189.4k
- Investments
- $11.4m
- Employees
- 0
- Location
- Camden, NJ
- Founding
- 10/2000
- Data as of
- 09/2023
- EIN
- 52-2211755
Organization Overview
Kps Charitable Foundation is located in Camden, NJ. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Kps Charitable 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 09/2023, Kps Charitable Foundation generated $189.4k 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 (22.7%) each year. All expenses for the organization totaled $46.2k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (13.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kps Charitable Foundation has awarded 15 individual grants totaling $870,594. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITTY OF PENNSYLVANIA, PENN ENGINEERING ANNUAL FUND
BIT SINDRIA ENDOWMENT FUND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Krishna P Singh President | 1 | $0 | |
Martha J Singh Secretary | 1 | $0 | |
S Amy Singh Assistant Secretary | 1 | $0 | |
Frank Bongrazio Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $290,516 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$101,135 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $189,381 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $550 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,323 |
| Total operating and administrative expenses | $6,873 |
| Contributions, gifts, grants paid | $39,310 |
| Total expenses and disbursements | $46,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $72,670 |
| 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 | $4,404,074 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $368,938 |
| Total assets | $11,888,221 |
| 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, Kps Charitable Foundation has awarded $39,310 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PENN ENGINEERING ALUMNI FUND PURPOSE: GRANT TO PENN ENGINEERING ANNUAL FUND. | $20,000 |
BIT SINDRI ENDOWMENT FUND PURPOSE: GRANT FOR RESEARCH AND DEVELOPMENT | $19,310 |