Kle Foundation
- Assets
- $29.0m
- Revenue
- $5.4m
- Investments
- $27.8m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 08/1998
- Data as of
- 12/2022
- EIN
- 74-2860436
Organization Overview
Kle Foundation is located in Austin, TX. The organization was established in 1998. 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. Kle 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, Kle Foundation generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Kle Foundation has awarded 30 individual grants totaling $6,368,114. 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:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorraine Clasquin Chairman; Director | 0 | $0 | |
Eric Harslem VP / Sec / Treasurer; Director | 0 | $0 | |
Kate Harslem Assistant Secretary; Director | 0 | $0 | |
Kenneth Ragsdale Vice Pres Of Finance; Director | 0 | $0 | |
Andrew Robbins Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zoga Insights Llc | 12/30/21 | $87,440 |
Steinhauser Strategies | 12/30/21 | $91,814 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,550,859 |
| Interest on Savings | $29,640 |
| Dividends & Interest | $130,838 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $517,514 |
| Capital Gain Net Income | $517,514 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,215,813 |
| Total Revenue | $5,444,664 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $39,642 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $243,771 |
| Contributions, gifts, grants paid | $1,544,108 |
| Total expenses and disbursements | $1,787,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $421,456 |
| 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 | $27,799,577 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $804,680 |
| Total assets | $29,025,713 |
| 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, Kle Foundation has awarded $1,544,108 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TEXAS FOUNDATION INC PURPOSE: GENERAL SUPPORT | $75,000 |
YOUTH CODE JAM SAN ANTONIO PURPOSE: GENERAL SUPPORT | $72,500 |
IDEA PUBLIC SCHOOLS PURPOSE: GENERAL SUPPORT | $200,000 |
EDUCATION REFORM NOW INC PURPOSE: GENERAL SUPPORT | $62,500 |
TRANSCEND INC PURPOSE: GENERAL SUPPORT | $180,100 |
TEXAS EMPOWERMENT ACADEMY PURPOSE: GENERAL SUPPORT | $454,000 |