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Nonprofiteer
← K2 ADVENTURES FOUNDATION

Form 990 for tax year 2023

Filed by K2 ADVENTURES FOUNDATION.

Totals

Total revenue
$1,246,762
Total expenses
$1,185,097
Contributions and grants received
$1,321,504
Grants paid
$607,806
Program service revenue
$0
Investment income
$9,452
Other revenue
-$84,194
Total assets, end of year
$848,042
Total liabilities, end of year
$97,158
Net assets or fund balances, end of year
$750,884
Program services expenses (Part IX)
$908,056
Management and general expenses
$143,775
Fundraising expenses
$133,266
Program service expenses (Part III)
$908,056

Program services were 76.6% 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.

  • 1c · Fundraising events

    $461,024

  • 1f · All other contributions, gifts and grants

    $860,480

  • 1g · Noncash contributions included above

    $117,503

  • 3 · Investment income

    total $9,598 · excluded $9,598

  • 7a · Gross sales of assets other than inventory

    securities $153,772

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

    securities $153,918

  • 7c · Gain or loss

    securities -$146

  • 7d · Net gain or loss

    total -$146 · excluded -$146

  • 8a · Fundraising events: gross income

    $224,903

  • 8a · Fundraising events: contributions included on line 1c

    $461,024

  • 8b · Fundraising events: direct expenses

    $309,097

  • 8c · Net income from fundraising events

    total -$84,194 · excluded -$84,194

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $121,782 · program services $121,782

  • 2 · Grants to domestic individuals

    total $312,112 · program services $312,112

  • 3 · Grants to foreign organizations and individuals

    total $173,912 · program services $173,912

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $253,455 · program services $115,550 · management and general $75,345 · fundraising $62,560

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $41,601 · program services $18,966 · management and general $12,367 · fundraising $10,268

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $22,468 · program services $10,243 · management and general $6,679 · fundraising $5,546

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $2,885 · management and general $2,885

  • 11c · Fees: accounting

    total $13,320 · management and general $13,320

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $745 · management and general $745

  • 11g · Fees: other

    total $34,519 · program services $34,519

  • 12 · Advertising and promotion

    total $21,801 · fundraising $21,801

  • 13 · Office expenses

    total $21,050 · program services $3,043 · management and general $4,025 · fundraising $13,982

  • 14 · Information technology

    total $30,063 · program services $7,516 · management and general $15,031 · fundraising $7,516

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $32,363 · program services $14,754 · management and general $9,621 · fundraising $7,988

  • 17 · Travel

    total $5,929 · program services $2,703 · management and general $1,763 · fundraising $1,463

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $3,354 · program services $1,529 · management and general $997 · fundraising $828

  • 23 · Insurance

    total $3,355 · program services $1,530 · management and general $997 · fundraising $828

  • 24a · Other expenses: FOREIGN ACTIVTY PROGRAM EXPENSES

    total $70,342 · program services $70,342

  • 24b · Other expenses: DOMESTIC ACTIVITY PROGRAM EXPENSES

    total $19,555 · program services $19,555

  • 24c · Other expenses: DONOR APPRECIATION

    total $486 · fundraising $486

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $589,537 · end of year $311,596

  • 3 · Pledges and grants receivable

    beginning of year $2,670 · end of year $9,600

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,660 · end of year $1,086

  • 10a · Land, buildings and equipment: cost or other basis

    $13,228

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,238

  • 10c · Land, buildings and equipment, net

    beginning of year $4,344 · end of year $990

  • 11 · Investments: publicly traded securities

    beginning of year $47,180 · end of year $404,812

  • 15 · Other assets

    beginning of year $60,528 · end of year $119,958

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,728 · end of year $11,348

  • 25 · Other liabilities

    beginning of year $24,252 · end of year $85,810

  • 27 · Net assets without donor restrictions

    beginning of year $205,139 · end of year $231,292

  • 28 · Net assets with donor restrictions

    beginning of year $472,800 · end of year $519,592

Mission and programs · 2023

Mission

TO CARE FOR CHILDREN, ADULTS, AND FAMILIES WITH SPECIAL NEEDS AND/OR LIFE CHANGING MEDICAL CIRCUMSTANCES BY PROVIDING SERVICES, SUPPORT, AND FUNDS THAT WILL BE USED FOR EDUCATIONAL AND MEDICAL ENRICHMENT.

Activities or mission (Part I)

TO CARE FOR CHILDREN, ADULTS AND FAMILIES WITH SPECIAL NEEDS AND/OR LIFE CHANGING MEDICAL CIRCUMSTANCES BY PROVIDING SERVICES, SUPPORT AND FUNDS THAT WILL BE USED FOR EDUCATIONAL AND MEDICAL ENRICHMENT.

  • IN 2023 K2 ADVENTURES FOUNDATION CONTINUED TO BE A PHILANTHROPIC LEADER BOTH IN OUR LOCAL ARIZONA COMMUNITY AS WELL AS INTERNATIONALLY. WE RAN NUMEROUS LOCAL PROGRAMS WHICH SERVE INDIVIDUALS IN NEED IN A VARIETY OF DIFFERENT WAYS. K2 FIT AND WELL, K2 FOOD FOR FAMILIES, K2 KITCHENS, AND K2 CRAFTS CONTINUED TO SUPPORT THOSE IN NEED. OUR LARGEST PROGRAM, K2 STRENGTH TO THRIVE, DESIGNED TO ADDRESS THE GROWING NEED FOR MENTAL AND BEHAVIORAL HEALTH AND SUPPORT IN ARIZONA GREW TREMENDOUSLY SINCE ITS INCEPTION IN 2022. WE WORKED TO ADDRESS THE SEVERE NEED FOR SUPPORT WITH FOOD SHORTAGES THROUGH OUR K2 FOOD FOR FAMILIES PROGRAM. WE ALSO AWARDED GRANTS TO NUMEROUS INDIVIDUALS AND FAMILIES WHO EXHIBITED THE NEED FOR MEDICAL EQUIPMENT OR FINANCIAL SUPPORT.

    Expenses $908,056 · Grants $607,806

As filed on the 2023 return.

Listed in Part VII

  • KRISTEN SALCITO-BROTZ

    CEO

    Total calculated
    $105,761
    From this org
    $105,761
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • KEVIN CHERILLA

    PRESIDENT

    Total calculated
    $89,402
    From this org
    $89,402
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • KELLY MICHAEL

    CFO

    Total calculated
    $58,292
    From this org
    $56,594
    From related orgs
    $0
    Other
    $1,698
    Hours/week
    40

  • TERRI NESSER

    SECRETARY

    Total calculated
    $0
    Hours/week
    20

  • BOBBI CHAWLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RAHUL CHAWLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BLAIR SINGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DANIELLE MERRILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DARLENE RICHERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ELIZABETH KATZMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • EVA HILTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • HEATHER IORILLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN IORILLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KELLY RICHARDSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARIA MIHALETOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SHAHEEN NEIL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SUSAN STUART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TIM STUART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TOSHIKO TAKAGAKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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
2023
Filed
10 October 2024
IRS schema version
2023v5.1
Source object
202422949349300507

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

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