4k Foundation Inc
- Assets
- $7.5m
- Revenue
- $652.1k
- Investments
- $7.3m
- Employees
- 0
- Location
- Sparks, MD
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 81-4747714
Organization Overview
4k Foundation Inc is located in Sparks, MD. The organization was established in 2017. 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. 4k 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 12/2021, 4k Foundation Inc generated $652.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (42.2%) each year. All expenses for the organization totaled $647.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, 4k Foundation Inc has awarded 60 individual grants totaling $1,660,036. 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
2021
Describe the Organization's Program Activity:
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $51,794 |
| Interest on Savings | $27,711 |
| Dividends & Interest | $191,373 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $355,337 |
| Capital Gain Net Income | $355,337 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,852 |
| Total Revenue | $652,067 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $6,080 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,628 |
| Depreciation | $0 |
| Occupancy | $14,100 |
| Travel, conferences, and meetings | $310 |
| Printing and publications | $0 |
| Other expenses | $253,828 |
| Total operating and administrative expenses | $395,993 |
| Contributions, gifts, grants paid | $251,908 |
| Total expenses and disbursements | $647,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $167,430 |
| 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 | $1,005 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,043,050 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,486,213 |
| Accounts payable and accrued expenses | $25,423 |
| 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 | $25,423 |
Grants Awarded
Over the last fiscal year, 4k Foundation Inc has awarded $251,908 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Vienna, VA PURPOSE: TO EMPOWER THOSE WITH YOUNG ONSET PARKINSON'S TO THRIVE FAR BEYOND THEIR UNEXPECTED, EARLY DIAGNOSIS. | $125,000 |
Baltimore, MD PURPOSE: TO REDUCE BALTIMORE'S NEIGHBORHOOD AND RACIAL WEALTH DIVIDE BY TEACHING AND ACCOMPANYING MEMBERS OF DISINVESTED COMMUNITIES TO BUILD AND OWN SUCCESSFUL SOCIAL ENTERPRISES THAT CREATE SUSTAINABLE NEIGHBORHOOD ECONOMIES. | $33,333 |
Baltimore, MD PURPOSE: TO END VIOLENCE AGAINST WOMEN AND THEIR CHILDREN BY CONFRONTING THE ATTITUDES, BEHAVIORS AND SYSTEMS THAT PERPETUATE IT, AND BY PROVIDING VICTIMS WITH THE SERVICES NECESSARY TO REBUILD THEIR LIVES SAFELY AND FREE OF FEAR. | $33,333 |
Baltimore, MD PURPOSE: TO REDUCE BALTIMORE'S NEIGHBORHOOD AND RACIAL WEALTH DIVIDE BY TEACHING AND ACCOMPANYING MEMBERS OF DISINVESTED COMMUNITIES TO BUILD AND OWN SUCCESSFUL SOCIAL ENTERPRISES THAT CREATE SUSTAINABLE NEIGHBORHOOD ECONOMIES. | $25,000 |
New York, NY PURPOSE: TO CURE CROHN'S DISEASE AND ULCERATIVE COLITIS AND TO IMPROVE THE QUALITY OF LIFE OF CHILDREN AND ADULTS AFFECTED BY THESE DISEASES | $10,000 |
Lynchburg, VA PURPOSE: TO BE AN INCLUSIVE, WELCOMING COMMUNITY OF BOARDING AND DAY STUDENTS IN GRADES 9 - 12, WHO ARE CURIOUS, SMART, FUNNY, KIND AND INNOVATIVE-THE NEXT GENERATION OF CREATORS AND PRODUCERS WITH THE POWER TO CHANGE THE WORLD. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Walder Family Foundation Wilmington, DE | $215,951,796 | $11,130,940 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Max Stenbeck Foundation Wilmington, DE | $3,203,232 | $39,728,528 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |