The@kt Foundation
- Assets
- $6.2m
- Revenue
- $130.7k
- Investments
- $6.1m
- Employees
- 0
- Location
- Berkeley, CA
- Founding
- 09/2000
- Data as of
- 12/2023
- EIN
- 94-3354182
Organization Overview
The@kt Foundation is located in Berkeley, CA. The organization was established in 2000. 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. The@kt 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, The@kt Foundation generated $130.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $199.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, The@kt Foundation has awarded 33 individual grants totaling $10,985,000. 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 |
|---|---|---|---|
Mark Tsujimoto President | 17 | $48,000 | |
Iris Ng Treasurer | 1 | $0 | |
Franklin Tsao Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $135,332 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,964 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,309 |
| Total Revenue | $130,677 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $3,833 |
| Interest | $0 |
| Taxes | $408 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,064 |
| Printing and publications | $0 |
| Other expenses | $2,181 |
| Total operating and administrative expenses | $144,718 |
| Contributions, gifts, grants paid | $55,000 |
| Total expenses and disbursements | $199,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,287 |
| Savings and temporary cash investments | $33,211 |
| 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 | $1,574 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,262,519 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,245,276 |
| 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, The@kt Foundation has awarded $55,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
POSTON COMMUNITY ALLIANCE PURPOSE: MULTIMEDIA EDUCATIONAL PROJECT | $30,000 |
JAPANESE CULTURAL COMMUNITY CTR PURPOSE: JCCCNC KASE INTERNSHIP GRANT | $25,000 |