Kinesis Inc
- Assets
- $0.0
- Revenue
- $3.0m
- Investments
- $9.7m
- Employees
- 0
- Location
- San Juan, PR
- Founding
- 03/2010
- Data as of
- 06/2020
- EIN
- 66-0727042
Organization Overview
Kinesis Inc is located in San Juan, PR. The organization was established in 2010. 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. Kinesis 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 06/2020, Kinesis Inc generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $3.9m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Limited Data Available: This organization filed their most recent 990 in paper format. This filing methodology limits the information that can be extracted from the filing.Limited Data Available: This organization is one of the few in our database that filed their most recent 990 with the IRS in paper format. This filing methodology limits the information that can be extracted from the filing. This will, however, be changing soon; The IRS now requires all organizations to file their 990s electronically.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,675,616 |
| Interest on Savings | $0 |
| Dividends & Interest | $259,596 |
| Profit on Inventory Sales | $0 |
| Other Income | $322,240 |
| Total Revenue | $2,954,539 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $196,000 |
| Pension plans, employee benefits | $11,426 |
| Depreciation | $89,171 |
| Occupancy | $170,995 |
| Travel, conferences, and meetings | $15,919 |
| Printing and publications | $1,608 |
| Total operating and administrative expenses | $2,328,488 |
| Contributions, gifts, grants paid | $1,547,061 |
| Total expenses and disbursements | $3,875,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,718 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,213,249 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Kinesis Inc has recieved totaling $275,099.
| Awarding Organization | Amount |
|---|---|
Katherinejames Foundation Dorado, PR PURPOSE: UNRESTRICTED | $150,000 |
2022 Act Foundation Inc Dorado, PR PURPOSE: General support | $100,000 |
Liberty Cablevision Puerto Rico Foundation Inc San Juan, PR PURPOSE: SCHOLARSHIPS TO COLLEGE STUDENTS WHO PRACTICE SPORTS WITH THE JASMINE CAMACHO-QUINN SPORTS SCHOLARSHIP. | $25,000 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $45 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $27 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $27 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mcs Foundation Inc San Juan, PR | $999,846 | $1,418,336 |
James And Barbara Cimino Foundation Inc San Juan, PR | $21,951,743 | $613,538 |
Scaramella Faith Foundation Inc Rio Grande, PR | $2,166,599 | $2,013,797 |
Harvey Foundation Inc San Juan, PR | $3,288,172 | $95,600 |
Marie And Paul Napoli Foundation Dorado, PR | $444,705 | $39,003 |
Roca-Sanchez Charitable Foundation Inc San Juan, PR | $344,424 | $18,450 |
Miranda Foundation San Juan, PR | $0 | $2,028 |