Katie Foundation
- Assets
- $453.0k
- Revenue
- $145.7k
- Investments
- $198.9k
- Employees
- 0
- Location
- Scranton, PA
- Founding
- 09/2016
- Data as of
- 12/2022
- EIN
- 81-3556199
Organization Overview
Katie Foundation is located in Scranton, PA. The organization was established in 2016. According to its NTEE Classification (F12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Katie 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, Katie Foundation generated $145.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (29.3%) each year. All expenses for the organization totaled $118.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE INSPIRE PEOPLE TO SPEAK UP ABOUT MENTAL ILLNESS AND THE NEED FOR OPENNESS AND COMPASSION. WE SUPPORT INITIATIVES THAT PROVIDE BETTER TREATMENT FOR PEOPLE LIVING WITH A MENTAL ILLNESS. WE SUPPORT RESEARCH TO FIND CURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RAISE FUNDS AND AWARENESS IN THE COMMUNITY ABOUT MENTAL HEALTH ILLNESS, PROVIDE SUPPORT FOR THOSE STRUGGLING WITH MENTAL HEALTH ILLNESS, AND PROVIDE GRANTS FOR MENTAL HEALTH ILLNESS RESEARCH PROGRAMS.
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 |
|---|---|---|---|
Sarah Shoener President | 1 | $0 | |
Ed Shoener Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,401 |
| Interest on Savings | $0 |
| Dividends & Interest | $999 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $116,871 |
| Capital Gain Net Income | $116,871 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $417 |
| Total Revenue | $145,688 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,221 |
| Total operating and administrative expenses | $15,071 |
| Contributions, gifts, grants paid | $103,689 |
| Total expenses and disbursements | $118,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,244 |
| 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 | $228,915 |
| Total assets | $453,045 |
| 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, Katie Foundation has awarded $103,689 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NAMI NORTHEAST REGION PA PURPOSE: TO PROVIDE FUNDING FOR MENTAL ILLNESS RESEARCH | $20,250 |
SCRANTON COUNSELING CENTER PURPOSE: TO PROVIDE FUNDING FOR THE CREATION OF KATIE'S PLACE CLUBHOUSE | $83,439 |