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Nonprofiteer
← KPMG U S FOUNDATION INC

Form 990 for tax year 2024

Filed by KPMG U S FOUNDATION INC.

Totals

Total revenue
$29,193,796
Total expenses
$36,260,115
Contributions and grants received
$28,717,269
Grants paid
$34,502,718
Program service revenue
$0
Investment income
$476,527
Other revenue
$0
Total assets, end of year
$12,357,304
Total liabilities, end of year
$20,719,814
Net assets or fund balances, end of year
-$8,362,510
Program services expenses (Part IX)
$36,136,608
Management and general expenses
$123,507
Fundraising expenses
$0
Program service expenses (Part III)
$36,136,608

Program services were 99.7% 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

    $23,128,535

  • 1f · All other contributions, gifts and grants

    $5,588,734

  • 3 · Investment income

    total $476,527 · excluded $476,527

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $33,857,708 · program services $33,857,708

  • 2 · Grants to domestic individuals

    total $645,010 · program services $645,010

  • 11c · Fees: accounting

    total $57,840 · management and general $57,840

  • 11g · Fees: other

    total $1,408,661 · program services $1,408,661

  • 19 · Conferences, conventions and meetings

    total $225,229 · program services $225,229

  • 24a · Other expenses: BANK CHARGES

    total $65,667 · management and general $65,667

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,718,263 · end of year $9,296,274

  • 4 · Accounts receivable

    beginning of year $188,266 · end of year $31,472

  • 14 · Intangible assets

    beginning of year $2,272,218 · end of year $3,029,558

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,724 · end of year $173,100

  • 18 · Grants payable

    beginning of year $15,398,854 · end of year $20,133,079

  • 25 · Other liabilities

    beginning of year $13,038 · end of year $413,635

  • 27 · Net assets without donor restrictions

    beginning of year -$6,115,839 · end of year -$12,379,039

  • 28 · Net assets with donor restrictions

    beginning of year $3,826,970 · end of year $4,016,529

Mission and programs · 2024

Mission

WE WILL GROW TOGETHER, FOR BETTER THROUGH TRUSTED COLLABORATIONS TO IMPROVE INCLUSION AND GREATER OPPORTUNITIES IN OUR COMMUNITIES.

  • SEE SCHEDULE O

    Expenses $36,136,608 · Grants $34,502,718

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

Listed in Part VII

  • Anita V Whitehead

    PRESIDENT & CHAIR

    Total calculated
    $0
    Hours/week
    3

  • James Powell

    TREASURER & DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Robert T Soles

    SECRETARY & DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Christopher Ammann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Todd Ellis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Fitzgerald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Grillaert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Debbie Heard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Angel Perez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michelle Quisenberry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Arun Rajappa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Elena Richards

    EX-OFFICIO DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Camaron Thorson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Liezl Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • John Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kristin Zettlemoyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • KPMG LLP

    N/A · PUBLIC ACCOUNTING · DE

Provenance

Return type
form_990
Tax year
2024
Filed
28 April 2026
IRS schema version
2024v5.5
Source object
202611189349300811

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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