Downey Kiwanis Foundation
- Assets
- $5.8m
- Revenue
- $308.6k
- Investments
- $5.7m
- Employees
- 0
- Location
- Downey, CA
- Founding
- Data as of
- 12/2023
- EIN
- 95-4001578
Organization Overview
Downey Kiwanis Foundation is located in Downey, CA. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downey Kiwanis 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, Downey Kiwanis Foundation generated $308.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $310.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Downey Kiwanis Foundation has awarded 135 individual grants totaling $1,962,286. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
47 SCHOLARSHIPS TO GRADUATING HIGH SCHOOL STUDENTS
FINANCIAL SUPPORT FOR THE CONSTRUCTION OF A NEW YMCA IN DOWNEY
FINANCIAL SUPPORT FOR RANCHO RESEARCH INSTITUTE WELLNESS CENTER FOR DOWNEY RESIDENTS
BRINGING MUSIC TO THE 5TH GRADE STUDENTS OF DOWNEY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen Vasquez President | 1 | $0 | |
Leslie Jones Secretary | 1 | $0 | |
Gary Nesbit Treasurer | 1 | $0 | |
Charles Pifer Director | 0.2 | $0 | |
Steve Roberson Director | 0.2 | $0 | |
Alan Frischer Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $65,650 |
| Interest on Savings | $0 |
| Dividends & Interest | $258,126 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,213 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $308,563 |
| 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 | $10,022 |
| Contributions, gifts, grants paid | $300,904 |
| Total expenses and disbursements | $310,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,680 |
| 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 | $5,724,831 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,830,511 |
| 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, Downey Kiwanis Foundation has awarded $300,904 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
47 GRADUATING HIGH SCHOOL STUDENTS PURPOSE: SCHOLARSHIP | $112,625 |
RANCHO LOS AMIGOS FOUNDATION PURPOSE: FINANCIAL SUPPORT FOR THE DON KNABE WELLNESS CENTER ALONG WITH ANNUAL SUPPORT | $25,000 |
ARC OF SOUTHEAST LOS ANGELES PURPOSE: FINANCIAL SUPPORT | $15,000 |
DOWNEY SYMPHONIC SOCIETY PURPOSE: BRINGING MUSIC TO THE 5TH GRADE STUDENTS OF DOWNEY | $17,000 |
PIH HEALTH FOUNDATION PURPOSE: FINANCIAL SUPPORT | $5,000 |
DOWNEY UNITED METHODIST CHURCH PURPOSE: SUPPORT THE DAY CARE OPERATION | $5,000 |