Kla-Tencor Foundation
- Assets
- $26.7m
- Revenue
- $5.2m
- Investments
- $25.3m
- Employees
- 0
- Location
- Milpitas, CA
- Founding
- 01/2001
- Data as of
- 12/2021
- EIN
- 77-0557004
Organization Overview
Kla-Tencor Foundation is located in Milpitas, CA. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Kla-Tencor 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 12/2021, Kla-Tencor Foundation generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $5.5m during the year ending 12/2021. While expenses have increased by 16.8% per year over the past 6 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.
Since 2018, Kla-Tencor Foundation has awarded 754 individual grants totaling $23,965,292. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICAN HEART ASSOCIATION - 2021 AUSTIN & BAY AREA HEART WALKS AND SOCIAL EQUITY FUND IN THE BAY AREA AND DETROIT
MILPITAS UNIFIED SCHOOL DISTRICT - SUPPORT FOR INNOVATION BUILDING
SAN JOSE PUBLIC LIBRARY FOUNDATION - SUPPORT FOR TEEN CODING CAMPS AND PROGRAMS
THE HISPANIC FOUNDATION - 2021 LATINOS IN TECH COLLEGE SUCCESS BALL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Campbell Executive Director | 25 | $153,021 | |
Rick Wallace Director | 1 | $0 | |
Vince Staub Committee President | 5 | $0 | |
John Van Camp Board Chairman | 1 | $0 | |
Marybeth Wilkenson Director | 1 | $0 | |
John Mclaughlin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000,000 |
| Interest on Savings | $193,796 |
| Dividends & Interest | $572 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,404 |
| Capital Gain Net Income | $39,404 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,233,772 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $153,021 |
| Other employee salaries and wages | $87,002 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,467 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $261 |
| Printing and publications | $0 |
| Other expenses | $310,700 |
| Total operating and administrative expenses | $589,921 |
| Contributions, gifts, grants paid | $4,907,827 |
| Total expenses and disbursements | $5,497,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,262,754 |
| Savings and temporary cash investments | $106,914 |
| 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 | $3,400 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $26,702,881 |
| Accounts payable and accrued expenses | $727,822 |
| 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 | $727,822 |
Grants Awarded
Over the last fiscal year, Kla-Tencor Foundation has awarded $4,907,827 in support to 97 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHT FUNDS PURPOSE: EMPLOYEE DONATIONS WITH CREDITS | $1,796,271 |
Dallas, TX PURPOSE: 2021 HEART WALKS & SOCIAL IMPACT FUNDS | $580,000 |
MILPITAS UNIFIED SCHOOL DISTRICT PURPOSE: INNOVATION BUILDING | $250,000 |
San Jose, CA PURPOSE: SUPPORT FOR TEEN CAMPS AND PROGRAMS | $150,000 |
THE HISPANIC FOUNDATION PURPOSE: 2021 LATINOS IN TECH, COLLEGE SUCCESS & BALL | $130,000 |
THE VOLUNTARY HEALTH SERVICES PURPOSE: EMERGENCY SUPPLIES | $126,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |
Marks Family Foundation Redwood City, CA | $49,983,289 | $16,693,138 |
Herbalife Nutrtion Foundation Los Angeles, CA | $22,239,401 | $8,092,128 |
Kla-Tencor Foundation Milpitas, CA | $26,702,881 | $5,233,772 |
Walter J & Betty C Zable Foundation San Diego, CA | $89,922,595 | $8,940,204 |
In-N-Out Burgers Foundation Irvine, CA | $42,997,314 | $8,211,700 |
Smidt Fam Foundation Newbury Park, CA | $69,750,078 | $4,896,207 |