Kairos Foundation Inc
- Assets
- $17.5k
- Revenue
- $15.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Bolingbrook, IL
- Founding
- Data as of
- 06/2024
- EIN
- 85-1398636
Organization Overview
Kairos Foundation Inc is located in Bolingbrook, IL. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Kairos 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 06/2024, Kairos Foundation Inc generated $15.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 37.6% each year . All expenses for the organization totaled $1.0k during the year ending 06/2024. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL DONATION MADE TO HUNTLEY BROWN FOUNDATION TO PROVIDE UNDER RESOURCED INDIVIDUALS WITH MUSICAL INSTRUMENTSTRAINING AND ACADEMIC SCHOLARSHIPS
FINANCIAL DONATION MADE TO HOUSE OF COMPASSION TO SUPORT ORPHANED CHILDREN OF UKRAINE WITH HOUSING EDUCATION AND SUPPORT
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timoth Welsh President | 1 | $0 | |
Julianne Welsh Treasurer | 1 | $0 | |
Caleb Welsh Director | 1 | $0 | |
Arden Welsh Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,632 |
| 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 | $15,632 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $1,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,856 |
| 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 | $15,632 |
| Total assets | $17,488 |
| 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, Kairos Foundation Inc has awarded $1,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HUNTLEY BROWN FOUNDATION PURPOSE: MUSICIAL INSTRUMENTS TRAINING AND SCHOLARSHIPS | $500 |
HOUSE OF COMPASSION PURPOSE: HOUSING EDUCATION FOR ORPHANED UKRAINE CHILDREN | $500 |