Kb Foundation
- Assets
- $27.7k
- Revenue
- $181.6k
- Investments
- $0.0
- Employees
- 1
- Location
- King of Prussia, PA
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 81-5479920
Organization Overview
Kb Foundation is located in King of Prussia, PA. The organization was established in 2017. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kb Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO BUILD THE DEVELOPMENTAL AND SOCIAL COMPETENCIES OF ADOLESCENT YOUTH IN THE PHILADELPHIA AREA THROUGH EDUCATIONAL, RECREATIONAL, AND HANDS-ON LEARNING EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP EXCHANGE ABROAD PROGRAM-THE L.E.A.P. EXPERIENCE PROVIDES THE OPPORTUNITY FOR RISING NINTH-GRADE STUDENTS TO VISIT THE CONTINENT OF AFRICA AND HAVE A FULL EDUCATIONAL EXPERIENCE, LEARNING ABOUT THE SPECIFIC CITY AND COUNTRY THEY VISIT. OUR MENTORING MODEL IS BASED ON ONE PRINCIPLE AND THAT IS EXPOSURE IS LIFE.
BOYS & GIRLS MENTORING CAMPS- THIS IS A LIFE SKILLS CAMP WHERE KIDS PARTICIPATE IN ACTIVITIES AND WORKSHOPS THAT REQUIRE THEM TO USE THEIR BRAIN POWER AND WORK TOGETHER. WHILE SPORTS ARE A LARGE PART OF SOME YOUNG PEOPLES LIVES, THERE IS A LARGER POPULATION OF YOUTH THAT DO NOT PLAY SPORTS AND CAN LEARN SKILLS AT THIS LIFE CAMP THAT WILL HELP THEM FOR YEARS TO COME.
EDUCATION ENRICHMENT PROGRAM STUDENT PROGRAMS- THESE PROGRAMS CREATE AN ENGAGING LEARNING EXPERIENCE FOR THE SCHOLARS, BY EXPOSING THEM TO THE BUSINESS AND THE MANY CAREER OPPORTUNITIES WITHIN A SPECIFIC INDUSTRY. THESE PROGRAMS ALSO PROVIDE EXPOSURE TO SPORTS, TUTORING AND OTHER ENRICHMENT ACTIVITIES THAT FOR ALTERNATIVE LEARNING AND DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natasha Pronsati Treasurer | Officer | 0 | $2,000 |
Percy Lee Jonesiii Vice President | Officer | 0 | $0 |
Kirk Berry President | Officer | 0 | $0 |
Nicole Berry Secretary | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,400 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,815 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,215 |
| Total Program Service Revenue | $135,923 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $352 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,574 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,000 |
| Compensation of current officers, directors, key employees. | $1,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $683 |
| Payroll taxes | $1,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,214 |
| Fees for services: Accounting | $400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,491 |
| Advertising and promotion | $4,156 |
| Office expenses | $259 |
| Information technology | $20,976 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $52,337 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,739 |
| All other expenses | $1,422 |
| Total functional expenses | $167,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,197 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $545 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,742 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $27,742 |
| Total liabilities and net assets/fund balances | $27,742 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Kb Foundation has recieved totaling $7,439.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $6,439 |
Smbc Global Foundation Inc New York, NY PURPOSE: PUBLIC, SOCIETY BENEFIT MULTIPURPOSE AND OTHER | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American National Standards Institute New York, NY | $61,521,698 | $89,284,423 |
Regulatory Affairs Professionals Society Rockville, MD | $9,226,443 | $11,018,465 |
Rfs Charitable Foundation Toledo, OH | $7,273,922 | $11,225,614 |
Buffalo Civic Auto Ramps Inc Buffalo, NY | $1,499,927 | $7,888,664 |
The Lebron James Family Foundation Akron, OH | $17,485,828 | $12,709,442 |
Pocono Services For Families And Children Inc East Stroudsburg, PA | $5,666,674 | $5,697,584 |
Tate Monroe Water Assn Inc New Richmond, OH | $29,411,991 | $5,084,515 |
Data & Society Research Institute New York, NY | $10,624,558 | $3,287,575 |
Commercial Vehicle Safety Alliance Greenbelt, MD | $5,175,740 | $5,464,465 |
Living Classrooms Foundation Baltimore, MD | $10,378,836 | $6,289,035 |
Bend The Arc Jewish Action Inc New York, NY | $2,917,123 | $4,796,081 |
Greater Syracuse Property Development Corporation Syracuse, NY | $6,042,694 | $3,813,121 |