Civic Intelligence

Kito Impact Foundation

990 • Fiscal year 2023 • EIN 82-1130255

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 13, 2024

4098 Mattson PlaceBainbridge Is, WA 98110

(202) 834-9697

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

72nd percentile

18%

Higher net margin than 72% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

92nd percentile

107%

Faster asset growth than 92% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

21st percentile

-25%

Faster revenue growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$85,009

Up $7,524 (+9.7%) from 2021

Net Assets

Up

$85,009

Up $7,524 (+9.7%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$240,406

Down $38,196 (-14%) from 2021

Expenses

Down

$196,526

Down $57,441 (-23%) from 2021

Net Income

Up

$43,880

Up $19,245 (+78%) from 2021

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2020: $52,850Liabilities 2020: $0Net Assets 2020: $52,8502020Assets 2021: $77,485Liabilities 2021: $0Net Assets 2021: $77,4852021Assets 2023: $85,009Liabilities 2023: $0Net Assets 2023: $85,0092023Assets 2024: $101,917Liabilities 2024: $0Net Assets 2024: $101,9172024

Highlighted filing

2023

Assets$85,009
Liabilities$0
Net Assets$85,009

Operations Trend

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

$300K$200K$100K$0Revenue 2020: $221,334Expenses 2020: $177,346Net Income 2020: $43,9882020Revenue 2021: $278,602Expenses 2021: $253,967Net Income 2021: $24,6352021Revenue 2023: $240,406Expenses 2023: $196,526Net Income 2023: $43,8802023Revenue 2024: $179,445Expenses 2024: $162,537Net Income 2024: $16,9082024

Highlighted filing

2023

Revenue$240,406
Expenses$196,526
Net Income$43,880
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 13, 2024
Return Version
2023v5.0
Gross Receipts
$240,406
Mission and Program Overview

Mission

Kito Impact Foundation works to build entreprenuerial responses to the threats of climate change and biodiversity loss as well as to ensure that impact is maximized through cross-sectoral collaborations.

Kito Impact Foundation works to develop solutions to climate change and loss of biodiversity since 2018.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$41,129$85,009▲ $43,880
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$41,129$85,009▲ $43,880
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$41,129$85,009▲ $43,880
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$41,129$85,009▲ $43,880
Total Liabilities and Net Assets / Fund Balance$41,129$85,009▲ $43,880
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jamie Bechtelchair of board
David HuetherDirector
Karl MorrisonDirector
Maria MahlDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$240,406
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$216,496
Change in Net Assets
$43,880
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$196,526
Total Fundraising Expense$10,008
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$88,606$0$0$88,606
Travel$30,973$0$0$30,973
All Other Expenses-$15,760$9,417$25,177
Office Expenses$0$16,524$0$16,524
Other Expenses$0$1,575$0$1,575
Insurance$0$1,229$0$1,229
Information Technology$0$1,100$0$1,100
Advertising$0$0$591$591
Total Functional Expenses$132,486$54,032$10,008$196,526
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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, Section A, Line 2

Two of the organization's directors are married; however, the organization maintains robust governance policies, including conflict of interest protocols, to ensure that all decisions made by the board are conducted transparently and in the best interest of the organization

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

Prior to filing, the Form 990 is thoroughly reviewed by the Board of Directors, who are provided with a complete copy of the return for review and approval to ensure accuracy and compliance with all regulatory requirements

Form 990, Part VI, Section B, Line 12C

The Board of Directors regularly and consistently monitors and enforces the organization's Conflict of Interest Policy by requiring annual disclosure statements from all board members, reviewing potential conflicts during board meetings, and taking appropriate action to manage or resolve any identified conflicts

Form 990, Part VI, Section B, Line 15

The organization does not currently have any employees, but in determining compensation for employees when appropriate, contractors and independent consultants, it utilizes independent comparability data, such as industry standards and compensation surveys, to ensure fair and competitive rates for services provided

Form 990, Part VI, Section C, Line 19

Our Form 990 is available to the public upon request by contacting our office, and it can also be accessed through relevant government databases and online platforms where nonprofit tax filings are published

Filing and Contact Details

Filer

Filer Name
Kito Impact Foundation
EIN
82-1130255
Phone
2028349697
Address
4098 Mattson Place, Bainbridge Is, WA 98110

Signing Officer

Name
jamie bechtel
Title
CEO
Phone
2028349697
Signed
2024-10-13

Organization Details

Principal Officer
jamie bechtel
Formed
2018
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
3
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

contractors for field work including work in caribbean, canada, guam and costa rica

Form 990, Part IX, Line 24E

This amount includes shipping (442.29), insurance (5962.60), volunteer supply costs materials for training etc (7856.91) Taxes and licenses (1690.75) aand misc other charges (9224.45)

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IRS990/OtherExpensesGrp/Desc0repairs and maintenance
IRS990/OtherExpensesGrp/Desc1field supplies
IRS990/OtherExpensesGrp/Desc2books and subscriptions
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IRS990/OtherExpensesGrp/FundraisingAmt00
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt016575
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21269
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31575
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IRS990/OtherExpensesGrp/ProgramServicesAmt112907
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt016575
IRS990/OtherExpensesGrp/TotalAmt112907
IRS990/OtherExpensesGrp/TotalAmt21269
IRS990/OtherExpensesGrp/TotalAmt31575
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IRS990/PrincipalOfficerNm0jamie bechtel
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IRS990/ProgSrvcAccomActy2Grp/Desc0Kito Impact Foundation works to eliminate food waste, reduce the impacts of climate change, and mitigate plastics. Working with partners Kito developed grant making strategies for small organizations with a focus on people of color as both benefactors and leadership of organizations. Kito also worked on innovative strategies to eliminate single use plastics with corporations.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt036000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0kito worked in the Caribbean to restore coral reefs in and around the Petit St Vincent in collaboration with the government and with the private sector.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt024250
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0Kito worked with to build conservation programs in british columbia, amazon, and with indigenous peoples in the US
IRS990/ProgSrvcAccomActyOtherGrp/Desc1Kito worked on the The Cocos Island Restoration Project focused on the protection of native and endemic species, one of the last biodiversity hotspot of native biodiversity on Guam. Cocos Island has been brown tree snake free until discovered in 2020. The primary objective is the reclamation of the Islan Dano (Cocos) from introduced Brown Tree Snake that are threatening native and endemic birds and reptiles.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt020197
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt113190
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
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IRS990/PYRevenuesLessExpensesAmt0-36356
IRS990/PYSalariesCompEmpBnftPaidAmt047968
IRS990/PYTotalExpensesAmt0358551
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0322195
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IRS990/ReconcilationRevenueExpnssAmt043880
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