Kutcher Foundation Inc
- Assets
- $796.4k
- Revenue
- $19.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Forest Hill, MD
- Founding
- 05/2017
- Data as of
- 12/2021
- EIN
- 82-1026185
Organization Overview
Kutcher Foundation Inc is located in Forest Hill, MD. The organization was established in 2017. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kutcher 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, Kutcher Foundation Inc generated $19.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT LEADERSHIP DEVELOPMENT AND MENTORING OF YOUNG PEOPLE AND THE ADULTS WHO MINISTER AND TEACH TO THEM, THROUGH FUNDRAISING ACTIVITIES AND FUNDING OF YOUTH AND EDUCATOR/MINISTER PARTICIPATION IN RETREATS, WORKSHOPS, YOUTH EVENTS, SPORTS, AND OTHER SIMILAR EVENTS AND ACTIVITIES, AS WELL AS DIRECTLY CONDUCT AND ADMINISTER SUCH TYPES OF PROGRAMS, OR DEVELOP AND OPERATE FACILITIES TO CONDUCT SUCH ACTIVITIES, AS APPROVED BY THE BOARD CONSISTENT WITH THESE PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Kutcher President | 2 | $0 | |
Timothy Kutcher Director | 2 | $0 | |
Susan Kutcher Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,676 |
| Interest on Savings | $0 |
| Dividends & Interest | $396 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $164 |
| Capital Gain Net Income | $98 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,072 |
| Total Revenue | $19,308 |
| 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 | $1,282,850 |
| Total operating and administrative expenses | $1,282,850 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,282,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,014 |
| Savings and temporary cash investments | $738,962 |
| 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 | $3,397 |
| Total assets | $796,373 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chesapeake Bay Outward Bound School Inc Baltimore, MD | $15,791,418 | $4,070,576 |
Kutcher Foundation Inc Forest Hill, MD | $796,373 | $19,308 |
Congressional Sports For Charity Alexandria, VA | $777,505 | $905,404 |
Youth Life Foundation Of Richmond Richmond, VA | $331,898 | $775,489 |
M4k Lynchburg Inc Lynchburg, VA | $46,148 | $496,402 |
Ascent Soccer Usa Washington, DC | $88,611 | $247,724 |
Virginia Extreme Force Inc Chesapeake, VA | $3,310,153 | $689,057 |
Together We Own It Inc Westminster, MD | $26,545 | $273,285 |
Youth Quest Foundation Inc Fairfax, VA | $34,482 | $382,193 |
Head Starter Network Alexandria, VA | $0 | $11,199 |
Hour Generation Foundation College Park, MD | $155,276 | $271,504 |
Bloom Charity Nfp North Chesterfield, VA | $104,512 | $0 |