Kalos Agathos Foundation
- Assets
- $12.7k
- Revenue
- $12.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, TX
- Founding
- 10/2019
- Data as of
- 12/2021
- EIN
- 83-2575835
Organization Overview
Kalos Agathos Foundation is located in Montgomery, TX. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Kalos Agathos 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, Kalos Agathos Foundation generated $12.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (50.0%) each year. All expenses for the organization totaled $78.2k 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
SPONSOR OF THE ARTS, AQUATIC SPORTS AND ENVIRONMENT AWARENESS. THE ORGANIZATION COMMISSIONS ART PIECES TO SUPPORT ARTISTS AND DONATES THEM FOR PUBLIC USE TO PROMOTE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Cones President/director | 40 | $22,500 | |
Kelly Hutchinson Associate Director | 30 | $18,000 | |
Debbie Stewart Secretary | 10 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,500 |
| 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 | $0 |
| Total Revenue | $12,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $46,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,634 |
| Printing and publications | $0 |
| Other expenses | $5,389 |
| Total operating and administrative expenses | $67,206 |
| Contributions, gifts, grants paid | $11,000 |
| Total expenses and disbursements | $78,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,731 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,731 |
| 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, Kalos Agathos Foundation has awarded $11,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Laguna Beach, CA PURPOSE: HIGH SCHOOL SCHOLARSHIPS | $7,500 |
Laguna Beach, CA PURPOSE: HUNGER ASSISTANCE | $1,500 |
KMFA 895 PURPOSE: TO SUPPORT MUSIC PROGRAM FOR KIDS AND CLASSICAL MUSIC | $1,000 |
LAGUNA RESIDENTS FIRST PURPOSE: TO SUPPORT LAGUNA BEACH GROWTH INITIATIVE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Caldwell Foundation Tyler, TX | $113,613,733 | $12,178,826 |
Jones Trust Springdale, AR | $87,208,961 | $7,926,357 |
Whole Kids Foundation Austin, TX | $20,924,486 | $5,788,036 |
Carl And Marilynn Thoma Art Foundation Santa Fe, NM | $0 | $36,422,281 |
Hope Center Foundation Plano, TX | $50,591,609 | $3,157,864 |
Brian D Patterson Usa - International Foundation Burkburnett, TX | $91,124 | $1,600,664 |
Shearn Moody Plaza Corporation Galveston, TX | $0 | $2,031,035 |
Dhr Health Institute For Research & Development Edinburg, TX | $765,777 | $2,008,327 |
Alcon Cares Incorporated Fort Worth, TX | $0 | $1,803,602 |
Texas Cardiac Arrhythmia Research Foundation Austin, TX | $1,061,518 | $1,694,538 |
Ywca Of Greater Austin Austin, TX | $1,614,891 | $2,125,832 |
New Beginning Resources Inc Porter, TX | $737,253 | $1,286,038 |