Kabia Foundation Inc
- Assets
- $33.2k
- Revenue
- $277.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 81-3304354
Organization Overview
Kabia Foundation Inc is located in Anchorage, AK. The organization was established in 2017. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kabia Foundation 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, Kabia Foundation Inc generated $277.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 49.0% each year . All expenses for the organization totaled $403.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Kabia Foundation Inc has awarded 11 individual grants totaling $240,442. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION STRIVES TO EDUCATE INSPIRE AND EMPOWER PEOPLE FROM MINORITY BACKGROUD BY ASSISTING WITH SUSTAINED EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Milton Kabia President | 4 | $0 | |
Yabonet Kabia Vice-President | 4 | $0 | |
Alpha Kabia Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $277,737 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $277,737 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $20,890 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,022 |
| Printing and publications | $0 |
| Other expenses | $380,183 |
| Total operating and administrative expenses | $403,095 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $403,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,194 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $33,194 |
| Accounts payable and accrued expenses | $134,756 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $480,900 |
| Other liabilities | $0 |
| Total liabilities | $615,656 |
Grants Awarded
Over the last fiscal year, Kabia Foundation Inc has awarded $240,442 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH BUILDING PURPOSE: LABORS & MATERIAL FOR BUILDING A CHURCH | $97,090 |
WELLS PROJECT PURPOSE: WELLS FOR VARIOUS VILLAGES | $8,862 |
SMALL BUSINESS FOR WOMEN PURPOSE: SUPPORT WOMEN TO CREATE THEIR OWN BUSINESS | $1,706 |
WOMENS HEALTH PURPOSE: HELP WOMEN WHO NEED HEALTH CARE SUPPORT | $592 |
MENS HEALTH PURPOSE: HELP MEN WHO NEED HEALTH CARE SUPPORT | $610 |
SIERRA LEONE PURPOSE: VARIOUS PROJECT IN SIERRA LEONE AREA | $71,945 |