Kane Foundation
- Assets
- $1.9m
- Revenue
- $2.0m
- Investments
- $1.8m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- Data as of
- 12/2022
- EIN
- 85-0791281
Organization Overview
Kane Foundation is located in Los Angeles, CA. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kane 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, Kane Foundation generated $2.0m in total revenue.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Kane President | 0 | $0 | |
Lonnie Kane CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $968,869 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,663 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $985,207 |
| Capital Gain Net Income | $985,207 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,964,739 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $83 |
| Taxes | $11,671 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $310 |
| Total operating and administrative expenses | $41,139 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $42,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,784 |
| 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 | $1,828,253 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,865,037 |
| 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 | $7,658 |
| Total liabilities | $7,658 |
Grants Awarded
Over the last fiscal year, Kane Foundation has awarded $58,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: OCEANS CONSERVATION PROJECTS | $50,000 |
Los Angeles, CA PURPOSE: FAMILY MEDICAL CARE | $5,000 |
CAST PURPOSE: SUPPORT SURVIVORS OF HUMAN TRAFFICING | $2,000 |
ASSISTANCE LEAGUE OF LA PURPOSE: EDUCATION PROGRAMS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton Simon Art Foundation Pasadena, CA | $402,690,558 | $10,441,452 |
Reut Usa Woodland Hills, CA | $1,442,535 | $3,682,077 |
Laurie C Mcgrath Foundation San Diego, CA | $66,075,096 | $62,426,346 |
Armenian Educational Foundation Inc Glendale, CA | $5,680,253 | $2,130,869 |
William And Joanne Miller Charitable Trust Simi Valley, CA | $69,537,632 | $4,537,991 |
Latino Public Broadcasting Los Angeles, CA | $1,965,169 | $2,106,064 |
Hack The Hood Inc Oakland, CA | $1,558,755 | $1,730,354 |
Womans Club Of Hollywood Los Angeles, CA | $248,203 | $0 |
Diablo Regional Arts Association Walnut Creek, CA | $3,333,800 | $1,541,851 |
Jack Van Sickle Foundation Reno, NV | $9,650,730 | $1,661,273 |
Foundation Of Palm Springs Unified School District Palm Springs, CA | $3,246,098 | $1,243,965 |
Trichell Family Foundation Bakersfield, CA | $14,378,452 | $28,165 |