Kavli Foundation
- Assets
- $588.3m
- Revenue
- $27.2m
- Investments
- $436.6m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/2001
- Data as of
- 12/2022
- EIN
- 77-0560142
Organization Overview
Kavli Foundation is located in Los Angeles, CA. The organization was established in 2001. 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. Kavli 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, Kavli Foundation generated $27.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $25.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Kavli Foundation has awarded 979 individual grants totaling $326,717,294. 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 GENERAL PURPOSE OF THE KAVLI FOUNDATION IS TO DEVOTE AND APPLY THE PROPERTY OF THE FOUNDATION AND THE INCOME TO BE DERIVED THEREFROM EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, OR EDUCATIONAL PURPOSES, EITHER DIRECTLY OR BY CONTRIBUTIONS TO ORGANIZATIONS DULY AUTHORIZED TO CARRY ON CHARITABLE, SCIENTIFIC OR EDUCATIONAL ACTIVITIES. THE FOUNDATION IS DEDICATED TO THE ADVANCEMENT OF SCIENCE FOR THE BENEFIT OF HUMANITY. THE FOUNDATION SUPPORTS SCIENTIFIC RESEARCH, HONORS SCIENTIFIC ACHIEVEMENT, AND PROMOTES PUBLIC UNDERSTANDING OF SCIENTISTS AND THEIR WORK.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rockell N Hankin Chairman | 3 | $141,786 | |
Douglas K Freeman Secretary | 3 | $40,356 | |
Thomas E Everhart Director | 3 | $9,250 | |
Henry Yang Director | 3 | $12,836 | |
Richard Meserve Director | 3 | $38,203 | |
Mary Sue Coleman Director | 3 | $30,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pinnacle Contracting Corporation | 12/30/22 | $2,183,722 |
Serra Street Partners Llc | 12/30/22 | $500,003 |
Pinnacle Communication Services | 12/30/22 | $422,280 |
Conn Enterprise Consulting Dba Cec | 12/30/22 | $398,671 |
Dlc | 12/30/22 | $398,671 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,031,462 |
| Net Rental Income | $1,173,888 |
| Net Gain on Sale of Assets | $20,495,679 |
| Capital Gain Net Income | $19,429,505 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $525,020 |
| Total Revenue | $27,226,049 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,618,785 |
| Other employee salaries and wages | $4,319,962 |
| Pension plans, employee benefits | $1,108,215 |
| Interest | $1,593,561 |
| Taxes | $753,613 |
| Depreciation | $532,138 |
| Occupancy | $451,975 |
| Travel, conferences, and meetings | $672,478 |
| Printing and publications | $0 |
| Other expenses | $2,558,563 |
| Total operating and administrative expenses | $18,042,128 |
| Contributions, gifts, grants paid | $7,409,331 |
| Total expenses and disbursements | $25,451,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $566,718 |
| Savings and temporary cash investments | $103,261,594 |
| Net Accounts receivable | $680,632 |
| Net Pledges Receivable | $1,842,960 |
| 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 | $209,495 |
| Net Investments - land, buildings, equipment | $8,106,821 |
| Investments—mortgage loans | $0 |
| Investments—other | $246,955,081 |
| Net Land, buildings, and equipment | $36,478,153 |
| Other assets | $534,921 |
| Total assets | $588,327,587 |
| Accounts payable and accrued expenses | $705,971 |
| Grants payable | $23,250,793 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $60,000,000 |
| Other liabilities | $2,944,688 |
| Total liabilities | $86,901,452 |
Grants Awarded
Over the last fiscal year, Kavli Foundation has awarded $51,321,261 in support to 143 organizations.
| Grant Recipient | Amount |
|---|---|
ABDUS SALAM INTERNATIONAL CENTRE FOR THEORETICAL PHYSICS PURPOSE: KAVLI ASIAN WINTER SCHOOL | $75,000 |
AMERICAN ASTRONOMICAL SOCIETY PURPOSE: FRED KAVLI PLENARY LECTURE 2019-2023 | $12,000 |
AMERICAN CHEMICAL SOCIETY PURPOSE: KAVLI FOUNDATION INNOVATIONS IN CHEMISTRY LECTURE | $22,500 |
AMERICAN CHEMICAL SOCIETY PURPOSE: KAVLI FOUNDATION EMERGING LEADER IN CHEMISTRY LECTURE | $12,500 |
AMERICAN PHYSICAL SOCIETY PURPOSE: KAVLI SPECIAL SYMPOSIA AND PLENARY SESSIONS | $30,000 |
AMERICAN PHYSICAL SOCIETY PURPOSE: TRUST IN SCIENCE | $100,000 |