B K Kee Foundation
- Assets
- $17.2m
- Revenue
- $576.4k
- Investments
- $16.8m
- Employees
- 0
- Location
- Burlingame, CA
- Founding
- 05/2006
- Data as of
- 12/2022
- EIN
- 56-2545977
Organization Overview
B K Kee Foundation is located in Burlingame, CA. The organization was established in 2006. 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. B K Kee 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, B K Kee Foundation generated $576.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, B K Kee Foundation has awarded 15 individual grants totaling $2,502,039. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE FOUNDATION IS ORGANIZED EXCLUSIVELY TO SUPPORT U.S. ORGANIZATIONS THAT ARE QUALIFIED UNDER SECTIONS 501(C)(3) AND 509(A)(1) OF THE INTERNAL REVENUE CODE THAT ARE
ENGAGED IN PROMOTING GREATER EQUITY IN GLOBAL HEALTH AND EDUCATION. IT MAY ALSO SUPPORT CERTAIN FOREIGN ORGANIZATIONS, ANTICIPATED TO BE IN SOUTHEAST ASIA,
THAT PROMOTE HEALTH AND EDUCATION, WHICH ARE ORGANIZATIONS SIMILAR IN FORM AND FUNCTION TO QUALIFIED ORGANIZATIONS. THE ORGANIZATION MAY ALSO FUND MEDICAL RESEARCH PROGRAMS AT
UNIVERSITIES IN THE USA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stanley Sze President/director | 40 | $220,500 | |
Dr Lay K Kay Cfo/treas/scty/director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $76,500 |
| Interest on Savings | $80,567 |
| Dividends & Interest | $336,789 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $82,452 |
| Capital Gain Net Income | $82,452 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $72 |
| Total Revenue | $576,380 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $220,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $79,610 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $99,848 |
| Total operating and administrative expenses | $606,285 |
| Contributions, gifts, grants paid | $989,383 |
| Total expenses and disbursements | $1,595,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $351,405 |
| Net Accounts receivable | $20,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,180,331 |
| 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, B K Kee Foundation has awarded $989,383 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CHRIST LUTHERAN CHURCH PURPOSE: TO PROVIDE SUPPORT FOR CHRISTIAN MINISTRIES | $10,000 |
COMMUNITY PARTNERS INTERNATIONAL PURPOSE: PROVIDE HEALTH SERVICES IN AND AROUND BURMA | $470,000 |
EXPENDITURE RESPONSIBILITY - VARIOUS (SEE STATEMENT ATTACHED) PURPOSE: TO PROVIDE CHARITABLE SUPPORT FOR VARIOUS ORGANIZATIONS | $98,000 |
UNDERGROUND NETWORK INCORPORATED PURPOSE: TO PROVIDE SUPPORT FOR CHRISTIAN MINISTRIES | $10,000 |
GOLDMAN SACHS PHILANTHROPY FUND PURPOSE: PROVIDES A PLATFORM TO DONATE TO DIFFERENT CHARITIES AND ORGANIZATIONS | $131,383 |
826 NATIONAL PURPOSE: PROVIDES SUPPORT FOR YOUNG AUTHORS | $10,000 |