Civic Intelligence

Keplers Literary Foundation

EIN 81-4833778 • 501(c)3 • Menlo Park, CA

Profile

Keplers Literary Foundation ("KLF") is a public forum for information, education, and intellectual discourse to which all members of our community are welcome. KLF aspires to produce programs for people of all ages and backgrounds, including underserved segments of the community such as people from disadvantaged socio-economic backgrounds, senior citizens, people of color, people with special needs, and lesbian, gay, bisexual, and transgender people.

1047 El Camino Real 201Menlo Park, CA 94025

www.keplers.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.25x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

84th percentile

0.37x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

28th percentile

-6.5%

Higher net margin than 28% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

54th percentile

4.8%

Faster asset growth than 54% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

63rd percentile

16%

Faster revenue growth than 63% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Up

$527,783

Up $6,888 (+1.3%) from 2023

Liabilities

Up

$88,905

Up $48,577 (+120%) from 2023

Net Assets

Down

$438,878

Down $41,689 (-8.7%) from 2023

Revenue

Up

$320,391

Up $16,953 (+5.6%) from 2023

Expenses

Up

$362,080

Up $144,707 (+67%) from 2023

Net Income

Down

-$41,689

Down $127,754 (-148%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2017: $183,447Liabilities 2017: $33,068Net Assets 2017: $150,3792017Assets 2018: $450,936Liabilities 2018: $57,236Net Assets 2018: $393,7002018Assets 2019: $669,273Liabilities 2019: $75,928Net Assets 2019: $593,3452019Assets 2020: $628,366Liabilities 2020: $141,696Net Assets 2020: $486,6702020Assets 2021: $525,616Liabilities 2021: $66,199Net Assets 2021: $459,4172021Assets 2022: $410,349Liabilities 2022: $28,607Net Assets 2022: $381,7422022Assets 2023: $520,895Liabilities 2023: $40,328Net Assets 2023: $480,5672023Assets 2024: $527,783Liabilities 2024: $88,905Net Assets 2024: $438,8782024

Highlighted filing

2024

Assets$527,783
Liabilities$88,905
Net Assets$438,878

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2017: $310,986Expenses 2017: $165,651Net Income 2017: $145,3352017Revenue 2018: $615,490Expenses 2018: $372,169Net Income 2018: $243,3212018Revenue 2019: $627,770Expenses 2019: $428,125Net Income 2019: $199,6452019Revenue 2020: $331,609Expenses 2020: $438,284Net Income 2020: -$106,6752020Revenue 2021: $332,960Expenses 2021: $360,213Net Income 2021: -$27,2532021Revenue 2022: $263,276Expenses 2022: $340,951Net Income 2022: -$77,6752022Revenue 2023: $303,438Expenses 2023: $217,373Net Income 2023: $86,0652023Revenue 2024: $320,391Expenses 2024: $362,080Net Income 2024: -$41,6892024

Highlighted filing

2024

Revenue$320,391
Expenses$362,080
Net Income-$41,689

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 5, 2023
Return Version
2021v4.1
Gross Receipts
$263,276
Mission and Program Overview

Mission

Keplers Literary Foundation ("KLF") is a public forum for information, education, and intellectual discourse to which all members of our community are welcome. KLF aspires to produce programs for people of all ages and backgrounds, including underserved segments of the community such as people from disadvantaged socio-economic backgrounds, senior citizens, people of color, people with special needs, and lesbian, gay, bisexual, and transgender people.

The mission of Kepler's Literary Foundation ("KLF") is to engage, enrich and inspire our community through cultural and literary programs that foster intellectual discourse and civic engagement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$492,378$391,756▼ $100,622
Accounts Receivable$10,106$10,869▲ $763
Land, Buildings, and Equipment, Net$1,795$1,795→ $0
Prepaid Expenses and Deferred Charges$6,722$803▼ $5,919
Savings and Temporary Cash Investments$9,571$82▼ $9,489
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$525,616$410,349▼ $115,267
Other Assets Total$5,044$5,044→ $0
Liabilities
Other Liabilities$57,780$15,663▼ $42,117
Accounts Payable and Accrued Expenses$8,419$12,944▲ $4,525
Total Liabilities$66,199$28,607▼ $37,592
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$459,417$381,742▼ $77,675
Total Net Assets Fund Balance$459,417$381,742▼ $77,675
Total Liabilities and Net Assets / Fund Balance$525,616$410,349▼ $115,267

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,795$5,383-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jean ForstnerExecutive DirectorFT$49,577$49,577

Board Members and Trustees

NameTitle
Dan GilbertBoard Chair
Praveen MadanSecretary
Patrick CormanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$203,919
Program Service Revenue
$54,387
Investment Income
$0
Other Revenue
$4,970
All Other Contributions
$159,196
Change in Net Assets
$-77,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$205,365
Other Expenses$135,586
Total Fundraising Expense$38,114
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$106,877$14,930$3,318$125,125
Current Officers, Directors, Trustees, and Key Employees$42,347$5,916$1,315$49,578
Occupancy$36,870$5,151$1,144$43,165
Fees for Services Other--$22,500$22,500
Payroll Taxes$14,021$1,959$435$16,415
Other Employee Benefits$12,169$1,700$378$14,247
Fees for Services Accounting-$12,498-$12,498
Information Technology$4,664$637$3,568$8,869
All Other Expenses$3,816$630$1,239$5,685
Insurance$3,682$514$114$4,310
Advertising$3,174--$3,174
Other Expenses$6,000-$2,897$2,897
Interest$318$11$1,201$1,530
Office Expenses$158$22$5$185
Total Functional Expenses$258,869$43,968$38,114$340,951
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Praveen MadanSecretaryOwner: Keplers 2021No$10,788

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Book Proceeds Due To Keplers$13,686
Accrued PTO$1,977
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The tax return is prepared by an outside accounting firm. After completion of said returns, the organization is sent a draft of the tax returns to be reviewed and examined. The organization makes copies of the returns and distributes to those individuals charged with governance. Those individuals at that time can review and if applicable discuss any line items in the return with the accountant who has prepared the return. If all items are found to be acceptable, an authorization is signed and provided to authorize the outside accounting firm to process, sign and provide copies of the returns to be filed (paper or electronically) with the designated governmental agencies. The tax returns are then signed by the organization, stamped and mailed with certified return receipt or the signed form 8879 is provided to the outside accounting firm allowing electronic filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

A "committee" of the Board may be created under the bylaws and authorized to review Transactions and to determine conflicts of interest where reliance on a committee is permitted by law. The members of a committee must consist exclusively of independent directors who are not related to or subject to the control of the Interested Person. Nevertheless, final responsibility for identifying and resolving conflicts of interest rests on the Board.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The salary and other compensation of the officers will be fixed from time to time by resolution of or in the manner determined by the Board. The Board or an authorized committee of the Board will, in compliance with Section 12586(g) of the California Governance Code, review and approve the compensation, including benefits, of the President or Executive Director and the Treasurer to assure that it is just and reasonable. This review and approval will occur upon hiring of the officer, whenever the term of employment, if any, of the officer is renewed or extended, and whenever the officer's compensation is modified.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Federal Tax Returns will be available at guidestar.org and charitynavigator.org.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents are available for public inspection at the principal place of business.The conflict of interest policy and the organization's financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Keplers Literary Foundation
EIN
81-4833778
Phone
6502816021
Address
1047 El Camino Real 201, Menlo Park, CA 94025

Signing Officer

Name
Dan Gilbert
Title
Board Chair
Signed
2023-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Gilbert
Formed
2016
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
7
Volunteers
5

Preparer

Firm
Healy and Associates
Address
1200 CONCORD AVE STE 250, CONCORD, CA 94520
Preparer
Suzanne R Healy
Phone
9256030800
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services

The impact of COVID-19 continued to be deeply felt at Keplers Literary Foundation. We provided online literary programming for readers of all ages and backgrounds, expanding to a national audience. We re-imagined our literacy program in underserved schools, creating a remote learning program for students in the Ravenswood School District.

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: KLF programs include events that bring people face to face with leading intellectuals. Event formats include lectures, panel discussions, on-stage interviews, educational workshops, literary seminars, and community discussion groups covering the arts, culture, science and current affairs. Our programs involve notable writers, artists, and original thinkers who engage with the community to discuss their ideas, insights, perspectives, and stories.1. This Is Now with Angie Coiro: This Is Now is Kepler's Literary Foundation's journalistic exploration of critical social and political issues. Veteran journalist Angie Coiro engages newsmakers, writers, and artists in in-depth and thought l discussions in front of a live and online audience. 2. Literary Seminars, Classes, and Reading Series: KLF organizes programs for people who are interested in a deeper involvement with reading and writing literature. Combining lively discussion with insightful commentary, literary seminars delve deeply into carefully selected works of literature, inspiring readers to benefit more from their reading. The writing classes, which are taught by experienced writers, provide the tools for aspiring authors to hone their craft.3. The quarterly reading series, "Story Is the Thing," is designed to bring emerging and established writers together to showcase new voices and to celebrate the art of storytelling.

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IRS990/ProgSrvcAccomActy2Grp/Desc0Youth Program: The goal of the youth program is to ignite a passion in young people for reading and writing. Outstanding writers and artists meet online and face-to-face with young people to discuss the importance and power of storytelling. Youth events take place online, at Keplers Books and in local public schools. KLF produced cultural and literary events engaging over 5,000 young readers.
IRS990/ProgSrvcAccomActy3Grp/Desc0Under-served Youth Program:This program serves low-income students in the schools in East Palo Alto and Belle Haven who lack access to cultural opportunities. We produce literary events in each of Title I public schools featuring top childrens authors. We donate copies of the presenting Authors books to the schools with each visit. We regularly invite High School students from this community to attend our Premier events, gifting them books and arranging for them to meet top-tier writers backstage. KLF produced literary events reaching 1800 low-income students.
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Praveen Madan
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Keplers Literary Foundation is affiliated with Keplers 2020, FPC, a California social purpose corporation (formerly flexible purpose corporation) established under the Corporate Flexibility Act of 2011. Keplers 2020, FPC operates a bookselling business with a social mission enshrined in its articles of incorporation to provide accessibility to literature and education for all members of the community. The two organizations KLF and Keplers 2020,FPC although separate legal entities, work together to fulfill their mutual goals of bringing people together around ideas and books and fostering intellectual discourse and civic engagement in the community.KLF has entered into the Resource Sharing Agreement and the Trademark Agreement with Keplers 2020, FPC. This agreement was included in KLFs tax-exemption application. Praveen Madan serves as the Chief Executive Officer, board member and sole shareholder of Keplers 2020, FPC and is a Director of KLF. Neither Mr. Madan nor Keplers 2020 FPC receives any compensation for services provided by Mr. Madan for KLF under either agreement. Further, the rights received by KLF under the Trademark Agreement are free, and the services provided to KLF under the Resource Sharing Agreement are either free or at cost. Pursuant to the Resource Sharing Agreement, the transactions in Section IV took place between KLF and Keplers 2020 FPC.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The impact of COVID-19 continued to be deeply felt at Keplers Literary Foundation. We provided online literary programming for readers of all ages and backgrounds, expanding to a national audience. We re-imagined our literacy program in underserved schools, creating a remote learning program for students in the Ravenswood School District.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER PROGRAM SERVICES 4: KLF programs include events that bring people face to face with leading intellectuals. Event formats include lectures, panel discussions, on-stage interviews, educational workshops, literary seminars, and community discussion groups covering the arts, culture, science and current affairs. Our programs involve notable writers, artists, and original thinkers who engage with the community to discuss their ideas, insights, perspectives, and stories.1. This Is Now with Angie Coiro: This Is Now is Kepler's Literary Foundation's journalistic exploration of critical social and political issues. Veteran journalist Angie Coiro engages newsmakers, writers, and artists in in-depth and thought l discussions in front of a live and online audience. 2. Literary Seminars, Classes, and Reading Series: KLF organizes programs for people who are interested in a deeper involvement with reading and writing literature. Combining lively discussion with insightful commentary, literary seminars delve deeply into carefully selected works of literature, inspiring readers to benefit more from their reading. The writing classes, which are taught by experienced writers, provide the tools for aspiring authors to hone their craft.3. The quarterly reading series, "Story Is the Thing," is designed to bring emerging and established writers together to showcase new voices and to celebrate the art of storytelling.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The tax return is prepared by an outside accounting firm. After completion of said returns, the organization is sent a draft of the tax returns to be reviewed and examined. The organization makes copies of the returns and distributes to those individuals charged with governance. Those individuals at that time can review and if applicable discuss any line items in the return with the accountant who has prepared the return. If all items are found to be acceptable, an authorization is signed and provided to authorize the outside accounting firm to process, sign and provide copies of the returns to be filed (paper or electronically) with the designated governmental agencies. The tax returns are then signed by the organization, stamped and mailed with certified return receipt or the signed form 8879 is provided to the outside accounting firm allowing electronic filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A "committee" of the Board may be created under the bylaws and authorized to review Transactions and to determine conflicts of interest where reliance on a committee is permitted by law. The members of a committee must consist exclusively of independent directors who are not related to or subject to the control of the Interested Person. Nevertheless, final responsibility for identifying and resolving conflicts of interest rests on the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The salary and other compensation of the officers will be fixed from time to time by resolution of or in the manner determined by the Board. The Board or an authorized committee of the Board will, in compliance with Section 12586(g) of the California Governance Code, review and approve the compensation, including benefits, of the President or Executive Director and the Treasurer to assure that it is just and reasonable. This review and approval will occur upon hiring of the officer, whenever the term of employment, if any, of the officer is renewed or extended, and whenever the officer's compensation is modified.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Federal Tax Returns will be available at guidestar.org and charitynavigator.org.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Governing documents are available for public inspection at the principal place of business.The conflict of interest policy and the organization's financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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