Klm Foundation
- Assets
- $103.4m
- Revenue
- $3.2m
- Investments
- $90.1m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 05/1998
- Data as of
- 12/2023
- EIN
- 95-4682685
Organization Overview
Klm Foundation is located in Los Angeles, CA. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Klm 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, Klm Foundation generated $3.2m 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 (15.3%) each year. All expenses for the organization totaled $5.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Klm Foundation has awarded 1,018 individual grants totaling $18,902,103. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Andersen Tax Llc | 12/30/23 | $102,021 |
Kearns & Associates | 12/30/23 | $59,000 |
Dodge And Cox Funds | 12/30/23 | $114,380 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $461,036 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,748,958 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $938,165 |
| Capital Gain Net Income | $832,519 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,400 |
| Total Revenue | $3,163,559 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $225,400 |
| Depreciation | $274 |
| Occupancy | $56,915 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,562 |
| Total operating and administrative expenses | $594,689 |
| Contributions, gifts, grants paid | $5,117,453 |
| Total expenses and disbursements | $5,712,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,344,491 |
| 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 | $5,539,145 |
| Net Land, buildings, and equipment | $731 |
| Other assets | $11,903,855 |
| Total assets | $103,388,474 |
| 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 | $1,015,606 |
| Total liabilities | $1,015,606 |
Grants Awarded
Over the last fiscal year, Klm Foundation has awarded $5,102,453 in support to 242 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS LOS ANGELES PURPOSE: GENERAL | $10,000 |
AMERICAN INDIAN COLLEGE FUND PURPOSE: GENERAL | $2,500 |
AMERICARES PURPOSE: GENERAL | $5,000 |
ASSISTANCE LEAGUE OF LOS ANGELES PURPOSE: GENERAL | $2,500 |
BARLOW FOUNDATION PURPOSE: GENERAL | $5,000 |
BOYS REPUBLIC PURPOSE: GENERAL | $1,000 |