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Nonprofiteer
← KINDRED ONE FOUNDATION

Form 990 for tax year 2024

Filed by KINDRED ONE FOUNDATION.

Totals

Total revenue
$1,902,043
Total expenses
$139,749
Contributions and grants received
$1,834,018
Grants paid
$115,000
Program service revenue
$0
Investment income
$64,083
Other revenue
$3,942
Total assets, end of year
$1,910,021
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,910,021
Program services expenses (Part IX)
$115,000
Management and general expenses
$24,749
Fundraising expenses
$0
Program service expenses (Part III)
$115,000

Program services were 82.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $1,834,018

  • 3 · Investment income

    total $53,726 · excluded $53,726

  • 7a · Gross sales of assets other than inventory

    securities $226,619

  • 7b · Less cost or other basis and sales expenses

    securities $216,262

  • 7c · Gain or loss

    securities $10,357

  • 7d · Net gain or loss

    total $10,357 · excluded $10,357

  • 11a · Other revenue: LONG-TERM CAPITAL GAIN

    total $3,942 · excluded $3,942

  • 11e · Other revenue, total

    $3,942

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $115,000 · program services $115,000

  • 11b · Fees: legal

    total $5,541 · management and general $5,541

  • 11c · Fees: accounting

    total $3,195 · management and general $3,195

  • 11f · Fees: investment management

    total $5,606 · management and general $5,606

  • 24a · Other expenses: ADMIN/MAINTENANCE FEE

    total $9,500 · management and general $9,500

  • 24b · Other expenses: FOREIGN TAX WITHHELD

    total $907 · management and general $907

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $758

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $53,101

  • 11 · Investments: publicly traded securities

    end of year $1,856,162

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $1,910,021

Mission and programs · 2024

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE FUNDING AND SUPPORT TO ITS SUPPORTED ORGANIZATION, EDWARD CHARLES FOUNDATION (ECF). THE ORGANIZATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF ECF BY CONDUCTING AND SUPPORTING CHARITABLE, EDUCATIONAL, AND OTHER ACTIVITIES THAT CARRY OUT THE CHARITABLE PURPOSES OF ECF.

  • PROVIDE GRANTS TO CHARITABLE ORGANIZATIONS THAT SUPPORT EDUCATION.

    Expenses $115,000 · Grants $115,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eric Tsai

    DIRECTOR AND PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Maria Tsai

    DIRECTOR AND V. PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Kent Seton

    DIRECTOR AND TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Kirk Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • An Nguyen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349314371

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