Kynect Foundation
- Assets
- $520.8k
- Revenue
- $733.0k
- Investments
- $460.0k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 82-0709980
Organization Overview
Kynect Foundation is located in Dallas, TX. 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. Kynect 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 12/2021, Kynect Foundation generated $733.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 43.1% each year . All expenses for the organization totaled $820.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kynect Foundation has awarded 100 individual grants totaling $748,162. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pierre Koshakji President | 1 | $3,618 | |
Mary Ramsey Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $272,968 |
| 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 | $460,000 |
| Total Revenue | $732,968 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,618 |
| Other employee salaries and wages | $14,683 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $715 |
| Other expenses | $244,516 |
| Total operating and administrative expenses | $263,532 |
| Contributions, gifts, grants paid | $556,444 |
| Total expenses and disbursements | $819,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,794 |
| 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 | $460,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $520,794 |
| 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, Kynect Foundation has awarded $556,444 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Camas, WA PURPOSE: HELPING GUATAMALAN ORPHAN CHILDREN | $100,000 |
HUG IT FORWARD PURPOSE: LATIN AMERICAN EDUCATION AND INFRASTRUCTURE | $75,000 |
Dallas, TX PURPOSE: VETERAN WELLBEING | $65,000 |
RED CROSS PURPOSE: HELP PEOPLE IN DISTASTER SITUATIONS | $60,000 |
Alpharetta, GA PURPOSE: CHRISTIAN CHARITY ORGANZITION | $50,000 |
MISSION OF HOPE HAITI PURPOSE: ASSISTING HAITIAN PEOPLE ON EDUCATION HUNGER AND MEDICAL CARE | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kynect Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |