Kite Key Foundation in Los Angeles, California (CA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in California
| Kite Key Foundation | |
| Employer Identification Number (EIN) | 061518993 |
| Name of Organization | Kite Key Foundation |
| In Care of Name | Dreyer Edmonds & Robbins |
| Address | 355 S Grand Ave Ste 1710, Los Angeles, CA 90071-1532 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 09/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $445,825 |
| Amount of Income | $308,876 |
| Form 990 Revenue Amount | $344,306 |
| National Taxonomy of Exempt Entities (NTEE) | Unknown: Unknown |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $319,531 | $51,731 | $109 | |
| Contributions, gifts, grants, etc., received | $267,800 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $109 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $51,622 | |||
| Total expenses and disbursements | $304,407 | $4,907 | $4,907 | $299,500 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $4,907 | $4,907 | $0 | |
| Contributions, gifts, grants paid | $299,500 | |||
| Excess of revenue over expenses and disbursements | $15,124 | |||
| Net investment income | $46,824 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $476,357 | $1,101,478 |
| Cash - non-interest-bearing | $4,827 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $471,530 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $476,357 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $51,622 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $468 |
| Total credits and payments | $2,179 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,179 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $1,711 |
| Amount to be credited to 2013 estimated tax | $1,711 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Other organizations in California | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Kirkwood Christian Schools | 10822 Brookshire Ave, Downey, CA 90241-3822 | CA | 2004-07 | $1,595,358 |
| 2 | Kirkwood Ski Education Foundation | PO BOX 9341, S Lake Tahoe, CA 96158-2341 | CA | 1986-07 | $178,368 |
| 3 | Kirkwood Swim Club Inc | Po Box 24896, San Jose, CA 95154-4896 | CA | 1964-02 | $31,729 |
| 4 | Kiryle Foundation | 1 Embarcadero Ctr Ste 2410, San Francisco, CA 94111-3737 | CA | 2002-08 | $203,153 |
| 5 | Kismet Center For Counseling Inc | 1130 2nd Avenue, Sacramento, CA 95818 | CA | 2003-11 | $0 |
| 6 | Kissick Family Foundation | 922 Napoli Dr, Pacific Plsds, CA 90272-4036 | CA | 1994-02 | $3,523,623 |
| 7 | Kit Ng Family Foundation | 5896 Northland Ter, Fremont, CA 94555-3639 | CA | 2008-02 | $38 |
| 8 | Kitahara Foundation | 5515 N Blackstone Ave, Fresno, CA 93710 | CA | 2006-07 | $0 |
| 9 | Kitchen Democracy | 2930 Domingo Ave, Berkeley, CA 94705-2454 | CA | 2006-09 | $3,515 |
| 10 | Kitchen Table Foundation | 535 Middlefield Rd Ste 190, Menlo Park, CA 94025-3466 | CA | 1997-11 | $392,876 |
| 11 | Kite Key Foundation | 355 S Grand Ave Ste 1710, Los Angeles, CA 90071-1532 | CA | 1998-09 | $308,876 |
| 12 | Kitka Inc | 1201 Martin Luther King Jr Way, Oakland, CA 94612-1297 | CA | 1981-12 | $268,768 |
| 13 | Kitnick Alexander Family Foundation | 12400 Wilshire Blvd Ste 1250, Los Angeles, CA 90025-1042 | CA | 1985-05 | $38,582 |
| 14 | Kittredge Parents Association | 2355 Lake St, San Francisco, CA 94121-1228 | CA | 2007-06 | $41,410 |
| 15 | Kitty Cove Rescue Inc | 6506 Glorywhite St, Lakewood, CA 90713 | CA | 2007-07 | $9,674 |
| 16 | Kitty Hamilton Ministries | 30 Plaza Way Apt 15, Chico, CA 95926 | CA | 2007-12 | $90,058 |
| 17 | Kitty Katchers | 2928 Dashwood St, Lakewood, CA 90712-2140 | CA | 2008-12 | $87,665 |
| 18 | Kitty Petty Add-Ld Institute | 6268 Snell Ave, San Jose, CA 95123-5523 | CA | 1995-08 | $2,245 |
| 19 | Kitty Tails | 19733 Butler Way, Groveland, CA 95321-9526 | CA | 2003-04 | $11,958 |
| 20 | Kiva Microfunds | 875 Howard St Ste 340, San Francisco, CA 94103-3027 | CA | 2006-07 | $21,887,434 |
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