Civic Intelligence

Kb Foundation Inc

990 • Fiscal year 2022 • EIN 81-5479920

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 11, 2023

Organization Profilewww.kb.foundation
2303 Bradenburg WayKing of Prussia, PA 19406

(484) 998-0990

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

54th percentile

7.5%

Higher net margin than 54% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

79th percentile

$2,000

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

$27,742

No earlier filing loaded for comparison.

Net Assets

$27,742

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin54th percentile

Revenue

$181,574

No earlier filing loaded for comparison.

Expenses

$167,900

No earlier filing loaded for comparison.

Net Income

$13,674

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2022: $27,742Liabilities 2022: $0Net Assets 2022: $27,7422022Assets 2023: $120,132Liabilities 2023: $5,631Net Assets 2023: $114,5012023Assets 2024: $386,608Liabilities 2024: $16,671Net Assets 2024: $369,9372024

Highlighted filing

2022

Assets$27,742
Liabilities$0
Net Assets$27,742
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0Revenue 2022: $181,574Expenses 2022: $167,900Net Income 2022: $13,6742022Revenue 2023: $387,657Expenses 2023: $299,573Net Income 2023: $88,0842023Revenue 2024: $740,163Expenses 2024: $484,727Net Income 2024: $255,4362024

Highlighted filing

2022

Revenue$181,574
Expenses$167,900
Net Income$13,674
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 11, 2023
Return Version
2022v5.0
Gross Receipts
$200,951
Mission and Program Overview

Mission

Kbf's mission is to build the developmental and social competencies of adolescent youth in the philadelphia area through educational, recreational, and hands-on learning experiences.

Our mission is to build the developmental and social competencies of adolescent youth in the Philadelphia area through educational, recreational, and hands-on learning experiences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$14,068$27,742▲ $13,674
Cash and Non-Interest-Bearing Accounts$14,848$27,197▲ $12,349
Prepaid Expenses and Deferred Charges-$545-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$14,848$27,742▲ $12,894
Other Assets Total-$0-
Liabilities
Other Liabilities$780--
Total Liabilities$780$0▼ $780
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,068$27,742▲ $13,674
Total Liabilities and Net Assets / Fund Balance$14,848$27,742▲ $12,894
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleBaseTotal
Natasha PronsatiTreasurer$2,000$2,000

Board Members and Trustees

NameTitle
Kirk BerryPresident
Percy Lee JonesIIIVice President
Nicole BerrySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$45,215
Program Service Revenue
$135,923
Investment Income
$4
Other Revenue
$432
All Other Contributions
$40,815
Change in Net Assets
$13,674
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$146,916
Salaries, Compensation, and Employee Benefits$20,984
Total Fundraising Expense$2,578
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$51,866$471-$52,337
Information Technology$18,707$2,269-$20,976
Other Salaries and Wages$17,000--$17,000
Fees for Services Legal$3,697$7,300$1,217$12,214
Advertising$2,003$1,602$551$4,156
Insurance$656$2,083-$2,739
Fees for Services Other$547$1,944-$2,491
Current Officers, Directors, Trustees, and Key Employees$600$1,400-$2,000
Other Expenses$405$405$810$1,620
All Other Expenses$224$1,198-$1,422
Payroll Taxes$1,301--$1,301
Other Employee Benefits-$683-$683
Fees for Services Accounting-$400-$400
Office Expenses-$259-$259
Total Functional Expenses$145,308$20,014$2,578$167,900
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$19,729
Fundraising Direct Expenses$19,377
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mentoring Showcase Events$24,129$19,729$8,082$11,647
Total Events$24,129$19,729$19,377$352
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Board comprised of a mix of elected family and industry professionals that share the vision and goals of the KB Foundation.”

Form 990, Part VI, Section A, Line 4

“The organization is in the process of implementing new governing policies and procedures to safeguard the organizations assets and ensure compliance with business standards”

Form 990, Part VI, Section B, Line 11B

“The 990 is distributed to the board via email for review prior to fiing and is made available upon request for verifed reasons.”

Form 990, Part VI, Section C, Line 18

“The IRS form 990 is provided to the board via normal correspondence channels prior to being filed. Additionally it is discussed in detail at the quarterly board meeting.”

Form 990, Part VI, Section C, Line 19

“The organizations governing docs are provided to the board via normal correspondence channels upon request and as part of the voting process when changes are made.”

Filing and Contact Details

Filer

Filer Name
KB Foundation
EIN
81-5479920
Address
2303 Bradenburg Way, King of Prussia, PA 19406

Signing Officer

Name
Kirk Berry
Title
President
Signed
2023-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kirk Berry
Formed
2017
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
1
Volunteers
20

Preparer

Firm
NP Finance & Consulting LLC
Address
1650 Limekiln Pike St B19 118, Dresher, PA 19025
Preparer
Natasha Pronsati
Phone
4849980990
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“Programming, led by committed mentors, provides activities that promote team building, healthy mind/body decision-making, community connectedness, conflict resolution, educational obtainment, and career exploration.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Programming, led by committed mentors, provides activities that promote team building, healthy mind/body decision-making, community connectedness, conflict resolution, educational obtainment, and career exploration.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board comprised of a mix of elected family and industry professionals that share the vision and goals of the KB Foundation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization is in the process of implementing new governing policies and procedures to safeguard the organizations assets and ensure compliance with business standards
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The 990 is distributed to the board via email for review prior to fiing and is made available upon request for verifed reasons.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The IRS form 990 is provided to the board via normal correspondence channels prior to being filed. Additionally it is discussed in detail at the quarterly board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organizations governing docs are provided to the board via normal correspondence channels upon request and as part of the voting process when changes are made.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0181574
IRS990/TotalVolunteersCnt020
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IRS990/TravelGrp/ManagementAndGeneralAmt0471
IRS990/TravelGrp/ProgramServicesAmt051866
IRS990/TravelGrp/TotalAmt052337
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02303 Bradenburg Way
IRS990/USAddress/CityNm0King of Prussia
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019406
IRS990/VotingMembersGoverningBodyCnt07
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IRS990/WebsiteAddressTxt0https://www.kb.foundation/
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Kirk Berry
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KB Foundation
ReturnHeader/Filer/BusinessNameControlTxt0KBFO
ReturnHeader/Filer/EIN0815479920
ReturnHeader/Filer/USAddress/AddressLine1Txt02303 Bradenburg Way
ReturnHeader/Filer/USAddress/CityNm0King of Prussia
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,742
Liabilities
$0
Net assets
$27,742
Revenue
$181,574
Expenses
$167,900
Net income
$13,674
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.87$0.17$3.70$7.40$4.85$2.55
2023Detailed filing. Detailed filing data is available for this year.$1.20$0.06$1.15$3.88$3.00$0.88
2022Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$1.82$1.68$0.14