Klm Foundation
- Assets
- $0.0
- Revenue
- $8.9m
- Investments
- $81.7m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 05/1998
- Data as of
- 12/2020
- 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 12/2020, Klm Foundation generated $8.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.0% each year . All expenses for the organization totaled $5.2m during the year ending 12/2020. While expenses have increased by 26.0% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Klm Foundation has awarded 526 individual grants totaling $8,648,250. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Andersen Tax Llc | 12/30/21 | $87,193 |
Irell & Manella Llp | 12/30/21 | $75,000 |
Kearns & Associates | 12/30/21 | $54,000 |
Dodge And Cox Funds | 12/30/21 | $98,511 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,842,425 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,418,784 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,859,147 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $27,313 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $818,457 |
| Contributions, gifts, grants paid | $4,403,950 |
| Total expenses and disbursements | $5,222,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,337,164 |
| Other assets | $18,692,559 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $444,192 |
Grants Awarded
Over the last fiscal year, Klm Foundation has awarded $4,751,800 in support to 259 organizations.
| Grant Recipient | Amount |
|---|---|
USC CARUSO CATHOLIC CENTER PURPOSE: GENERAL | $1,000,000 |
Los Angeles, CA PURPOSE: GENERAL | $500,000 |
CATHOLIC EDUCATION FOUNDATION PURPOSE: GENERAL | $250,000 |
Los Angeles, CA PURPOSE: GENERAL | $250,000 |
LOYOLA HIGH SCHOOL PURPOSE: GENERAL | $250,000 |
Los Angeles, CA PURPOSE: GENERAL | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Panta Rhea Foundation Inc La Jolla, CA | $7,390,044 | $496,518 |
The Helen Diller Family Foundation San Francisco, CA | $1,836,980 | $8,770,214 |
Stephen M Silberstein Foundation Belvedere, CA | $79,901,221 | $6,376,686 |
Wholesale Beer Distributors Industry Trust Pleasanton, CA | $3,898,810 | $9,106,079 |
Tw Ld Mceachearn Las Vegas, NV | $148,667,574 | $29,051,713 |
Georgia A Lynch Trust Phoenix, AZ | $748,550 | $1,825,283 |
Rea Charitable Trust Las Vegas, NV | $108,024,869 | $14,015,969 |
Klm Foundation Los Angeles, CA | $0 | $8,859,147 |
Nobbs Family Foundation San Diego, CA | $61,708,862 | $4,055,115 |
P F Bresee Foundation Los Angeles, CA | $3,574,521 | $4,338,707 |
Carrico Family Foundation Medford, OR | $33,120,720 | $4,067,868 |
Hitz Foundation Palo Alto, CA | $70,645,117 | $12,925,863 |