Kiwanis Club Of Palo Alto Charitable Foundation
- Assets
- $973.0k
- Revenue
- $163.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 01/2003
- Data as of
- 09/2023
- EIN
- 71-0871534
Organization Overview
Kiwanis Club Of Palo Alto Charitable Foundation is located in Palo Alto, CA. The organization was established in 2003. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kiwanis Club Of Palo Alto 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, Kiwanis Club Of Palo Alto Charitable Foundation generated $163.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $110.4k during the year ending 09/2023. While expenses have increased by 5.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE KIWANIS CLUB OF PALO ALTO CHARITABLE FOUNDATION IS TO SUPPORT CHARITABLE AND COMMUNITY SERVICE ORGANIZATIONS IN THE GREATER PALO ALTO AREA AND INTERNATIONALLY, ESPECIALLY THOSE THAT INCLUDE THE INVOLVEMENT OF CHILDREN AND YOUTH, WITH MONETARY CONTRIBUTIONS, AWARDS, SCHOLARSHIPS, AND VOLUNTEER SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH SERVICES SUPPORT: AWARDED SCHOLARSHIPS TO SIX STUDENTS FOR THEIR COLLEGE ENDEAVORS. PROVIDED MONETARY SUPPORT TO ADOLESCENT COUNSELING SERVICES, KIWANIS SPECIAL GAMES, PALO ALTO COMMUNITY CHILD CARE, AND 27 OTHER CHARITABLE PROGRAMS/ORGANIZATIONS BENEFITING CHILDREN AND YOUTH.
COMMUNITY PROGRAM SUPPORT: MONETARY SUPPORT PROVIDED TO THE FOLLOWING COMMUNITY ORGANIZATIONS: ABILITY PATH, REBUILDING TOGETHER, LA COMIDA, AND 13 OTHER COMMUNITY SERVICE ORGANIZATIONS.
INTERNATIONAL PROGRAM SUPPORT: PROVIDED MONETARY SUPPORT TO NEIGHBORS ABROAD, KARAT SCHOOL PROJECT, OLIVE SEED FOUNDATION, TGUP-GIRLS EQUITY PROJECT, AND OTHER ORGANIZATIONS BENEFITING CHILDREN IN OTHER COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Richter Board Member | Trustee | 2 | $0 |
Leif Erickson Board Member | Trustee | 2 | $0 |
Carolyn Shepard Board Member | Trustee | 2 | $0 |
Hazel Watson President Elect | Trustee | 5 | $0 |
Derek Lubich Board Member | Trustee | 2 | $0 |
Marty Deggeller Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,316 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,316 |
| Total Program Service Revenue | $0 |
| Investment income | $22,784 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,359 |
| Net Income from Fundraising Events | $75,965 |
| Net Income from Gaming Activities | $6,459 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $163,883 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $102,400 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $49 |
| Total functional expenses | $110,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,559 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,401 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $825,738 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,310 |
| Total assets | $973,008 |
| Accounts payable and accrued expenses | $5,602 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,602 |
| Net assets without donor restrictions | $908,096 |
| Net assets with donor restrictions | $59,310 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $973,008 |
Grants Awarded
Over the last fiscal year, Kiwanis Club Of Palo Alto Charitable Foundation has awarded $10,650 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CNH DISTRICT | | | $5,150 |
REBUILDING TOGETHER | | | $5,500 |