Kadens Family Foundation
- Assets
- $516.6k
- Revenue
- $1.8m
- Investments
- $306.8k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-2261738
Organization Overview
Kadens Family Foundation is located in Wilmington, DE. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Kadens Family 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, Kadens Family Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 37.0% each year . All expenses for the organization totaled $4.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Kadens Family Foundation has awarded 128 individual grants totaling $10,086,612. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLOW CHICAGO IS A SCHOOL BEAUTIFICATION PLATFORM TO IMPROVE THE INFRASTRUCTURE OF CHICAGO PUBLIC SCHOOLS BY BUILDING ENTREPRENEURSHIP, FINANCIAL LITERACY AND LEADERSHIP SKILLS.
COMMUNITY LISTENING EVENT SERIES WILL BE A PROFESSIONALLY MODERATED Q&A WITH MEMBERS OF CHICAGO'S UNDERSERVED COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Kadens Dir, Sec, Treas | 1 | $0 | |
Peter Kadens Dir, Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,963,375 |
| Interest on Savings | $851 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$164,040 |
| Capital Gain Net Income | $2,936,357 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$29 |
| Total Revenue | $1,800,157 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2 |
| Taxes | $43,952 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,235 |
| Printing and publications | $0 |
| Other expenses | $18,020 |
| Total operating and administrative expenses | $154,209 |
| Contributions, gifts, grants paid | $3,933,666 |
| Total expenses and disbursements | $4,087,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $209,891 |
| 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 | $2,696 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $516,648 |
| 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, Kadens Family Foundation has awarded $3,933,666 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
BUILD INCORPORATED PURPOSE: CHARITABLE EVENT | $5,000 |
AMERICAN HEART ASSOCIATION PURPOSE: COR VITAE S22 HEART OF CHICAGO | $50,000 |
CARA PROGRAM PURPOSE: GENERAL & UNRESTRICTED | $7,500 |
CHICAGO INNOVATION FOUNDATION PURPOSE: EXPENDITURE RESPONSIBILITY GRANT | $21,000 |
CITY YEAR INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
DEFY VENTURES INC PURPOSE: DEFY VENTURES ILLINOIS FUND | $7,500 |