Kellogg Programs Inc
- Assets
- $40.7m
- Revenue
- $1.2m
- Investments
- $22.7m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 08/2003
- Data as of
- 12/2023
- EIN
- 81-0587182
Organization Overview
Kellogg Programs Inc is located in Milwaukee, WI. 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. Kellogg Programs 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 12/2023, Kellogg Programs Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS TO BRING OUT THE LIMITLESS POTENTIAL IN YOUNG LEADERS THROUGH EXTRAORDINARY EXPERIENCES AND NURTURING RELATIONSHIPS. OUR VISION IS THAT PEAK ALUMNI SHAPE THEIR COMMUNITIES WITH POISE, PERSISTENCE, CONFIDENCE, AND CHARACTER AND THAT THE PEAK INITIATIVE IS THE RECOGNIZED EXPERT IN PREPARING YOUNG PEOPLE FOR A LIFE OF LEADERSHIP AND PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Demetria Smith Executive Director | 40 | $93,950 | |
William S Kellogg President And Treasurer | 1 | $0 | |
Kurt Kellogg Vice President | 1 | $0 | |
Peter Sommerhauser Secretary | 1 | $0 | |
Jay Creigh Director | 1 | $0 | |
Jason Beard Director - Finance & | 40 | $101,564 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
A Broom And A Bucket Llc | 12/30/23 | $67,091 |
Riteway Bus Service | 12/30/23 | $55,411 |
Sysco Baraboo Llc | 12/30/23 | $55,234 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $48,022 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,236,316 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$93,701 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19,107 |
| Total Revenue | $1,209,744 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $112,659 |
| Other employee salaries and wages | $1,400,773 |
| Pension plans, employee benefits | $196,571 |
| Interest | $0 |
| Taxes | $129,007 |
| Depreciation | $191,680 |
| Occupancy | $313,390 |
| Travel, conferences, and meetings | $94,920 |
| Printing and publications | $10,154 |
| Other expenses | $476,702 |
| Total operating and administrative expenses | $3,015,614 |
| Contributions, gifts, grants paid | $3,190 |
| Total expenses and disbursements | $3,018,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,391 |
| Savings and temporary cash investments | $12,734,900 |
| Net Accounts receivable | $5,315 |
| Net Pledges Receivable | $40,000 |
| 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 | $53,219 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,104,781 |
| Other assets | $634 |
| Total assets | $40,730,110 |
| Accounts payable and accrued expenses | $22,655 |
| 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 | $4,933 |
| Total liabilities | $27,588 |
Grants Awarded
Over the last fiscal year, Kellogg Programs Inc has awarded $3,190 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MARIAH JOHNSON PURPOSE: HIGH SCHOOL SENIOR SCHOLARSHIP | $800 |
STEPHANIE VILLALOBOS PURPOSE: HIGH SCHOOL SENIOR SCHOLARSHIP | $800 |
TUSKEGEE UNIVERSITY PURPOSE: HIGH SCHOOL SENIOR SCHOLARSHIP | $800 |
YESENIA MAZARIEGOS PURPOSE: HIGH SCHOOL SENIOR SCHOLARSHIP | $790 |