Atlas Kardia Foundation
- Assets
- $22.1m
- Revenue
- $1.6m
- Investments
- $21.7m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/2019
- Data as of
- 12/2023
- EIN
- 84-2660843
Organization Overview
Atlas Kardia 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. Atlas Kardia 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 12/2023, Atlas Kardia Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (35.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Atlas Kardia Foundation has awarded 20 individual grants totaling $1,794,437. 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 |
|---|---|---|---|
Yukiko Ogasawara Officer | 1 | $0 | |
Rina Anderson Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $638,169 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$224,806 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $533 |
| Total Revenue | $1,613,896 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $974 |
| Taxes | $16,710 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42,420 |
| Total operating and administrative expenses | $172,741 |
| Contributions, gifts, grants paid | $935,945 |
| Total expenses and disbursements | $1,108,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $394,363 |
| 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 | $1,188,050 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,071,276 |
| 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, Atlas Kardia Foundation has awarded $935,945 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BRING CHANGE TO MIND PURPOSE: PROGRAM SUPPORT | $100,000 |
FOUNTAIN HOUSE PURPOSE: PROGRAM SUPPORT | $100,000 |
HELPLINE YOUTH COUNSELING PURPOSE: PROGRAM SUPPORT | $125,000 |
SAFE PLACE FOR YOUTH PURPOSE: PROGRAM SUPPORT | $100,000 |
VISTA DEL MAR CHILD & FAMILY SERVICES PURPOSE: PROGRAM SUPPORT | $41,366 |
HEART FORWARD LA PURPOSE: PROGRAM SUPPORT | $100,000 |