K2 Adventures Foundation FY2022 filing

Tax-deductible

Scottsdale, AZ501(c)(3)Youth DevelopmentEIN 27-1302780Revenue $1.6M in FY2022

On file with the IRSk2adventures.org14354 N Frank Lloyd Wright Bl, 85260-8844 · Scottsdale, AZTax-exempt since Jun 2010Publicly supported charity — 170(b)(1)(A)(vi)

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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.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$214K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $129K a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$214K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $150K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$33K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 23 voting members
Looks good: 20 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+66% vs prior year
Spent
$1.4M
To programs
81%
Net assets
$678K
By yearFY2020–FY2024
Revenue
$1.6M
FY2022▲ +66%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$957K
FY2022$1.6M
FY2023$1.2M
FY2024$1.8M
Expenses
$1.4M
FY2022▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$1.4M
FY2023$1.2M
FY2024$1.5M
Net assets
$678K
FY2022▲ +36%
Tap a bar for its year
Net assets by fiscal year
FY2020$688K
FY2021$498K
FY2022$678K
FY2023$751K
FY2024$1.1M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $1.1M Management & general 10% · $145K Fundraising 9% · $126K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

23 people listed on the 990; $214K paid to officers and key staff.

Part VII, Section A · reportable compensation
$86,430Pt VII · Sec A
$74,810Pt VII · Sec A
Secretary
$49,150Pt VII · Sec A
$3,454Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Kristen Salcito-Brotz’s $111K as CEO is at the 37th percentile of top reported officer pay among 1552 $1–10M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kristen Salcito-Brotz$111,109$105,761$86,430——
Kevin Cherilla$95,908$89,402$74,810$68,200$62,000
Kristen Salcito Brotz———$80,850$73,500
Kelly Michael$63,576$56,594$49,150$44,000$40,000
Mary Lou Muccino——$3,454$4,383$6,700

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See K2 Adventures Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides services, support, and funds for educational and medical enrichment to those with special needs and life-changing medical circumstances.

Questions for K2 Adventures Foundation

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2022
01

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, k2 crafts and k2 at the batcave continued to support those in need and we launched our newest program k2 strength to thrive, designed to address the growing need for mental and behavioral…

$1.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$150K
Grants paid · 46 grants · $1.9M · 2020–2024
Unitemized GrantFY2024$265,202
Elevate PhoenixAZ · FY2024$105,000
Individual RecipientFY2024$76,720
Crowns of CourageAZ · FY2024$27,750
United Samaritans FoundationCA · FY2024$20,000
Frontline Healing FoundationTX · FY2024$15,000
Billy's Place INCAZ · FY2024$10,000
Angels on Patrol INCAZ · FY2024$7,530
Hope 4 KidsAZ · FY2024$6,500
One Step Beyond INCAZ · FY2024$5,100
Unitemized GrantFY2023$271,621
Individual RecipientFY2023$59,125
Unitemized GrantFY2023$30,491
Hope KidsAZ · FY2023$11,557
Elevate PhoenixAZ · FY2023$10,900
Unitemized GrantFY2023$10,000
Valleywise HealthAZ · FY2023$10,000
See all 46 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.6M
Investment incomeLn 3$2K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.1M
Managementcol C$145K
Fundraisingcol D$126K
Owns and owesPt X
$678K
net assets · Ln 32
Cash and savingsLn 1–2$590K
Total assetsLn 16$711K
LiabilitiesLn 26$33K
PeoplePt VI, VII
23
listed · VII A
PaidVII A4
Voting boardVI 1a23
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Noncash giftsLn 1g$175K
Fundraising eventsLn 1c$83
Investment incomeLn 3$2K
Gains on assetsLn 7$803
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$590K
Cash and savings togetherLn 1–2$590K
InvestmentsLn 11–13$47K
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$61K
Total assetsLn 16$711K
LiabilitiesLn 26$33K
Net assetsLn 32$678K
OperationsPt I, VI
EmployeesI 54
VolunteersI 675
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$460K$590K
InvestmentsLn 11–13$47K
Land, buildings, equipmentLn 10c$7K$4K
Total assetsLn 16$505K$711K
LiabilitiesLn 26$8K$33K
Net assetsLn 32$498K$678K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$255K$255K
Grants to domestic individualsLn 2$274K$274K
Grants and assistance to foreign recipientsLn 3$212K$212K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$214K$98K$62K$54K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$40K$18K$12K$10K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$19K$9K$6K$5K
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$12K$12K
Lobbying feesLn 11d$0
Investment management feesLn 11f$309$309
Other fees for servicesLn 11g$14K$14K
Advertising and promotionLn 12$18K$18K
Office expensesLn 13$34K$2K$12K$20K
Information technologyLn 14$32K$8K$16K$8K
RoyaltiesLn 15$0
OccupancyLn 16$27K$12K$8K$7K
TravelLn 17$10K$4K$3K$3K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$3K$1K$864$745
InsuranceLn 23$3K$1K$981$846
Other expenses (24a–d)Ln 24$228K$220K$9K
All other expensesLn 24e$0
Total functional expensesLn 25$1.4M$1.1M$145K$126K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.8M$1.5M$317K$1.1M 990 PDF
FY2023 $1.2M$1.2M$62K$751K 990 PDF
FY2022 Viewing $1.6M$1.4M$186K$678K 990 PDF
FY2021 $957K$1.1M−$190K$498K 990 PDF
FY2020 $1.3M$1.0M$271K$688K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $1,584,765 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $961,181$1,649,928
I-9 Program service revenue$0
I-10 Investment income$1,601
I-11 Other revenuePrior year −$3,990−$66,764
I-12 Total revenuePrior year $957,191$1,584,765
I-13 Grants and similar amounts paidPrior year $338,271$741,562
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $251,470$273,115
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $557,882$384,534
I-18 Total expensesPrior year $1,147,623$1,399,211
I-19 Revenue less expensesPrior year −$190,432$185,554
Part VI · Governance 20 of 23 board members independent, 1 to look at
VI-1a Voting members of the governing body23
VI-1b Independent voting members20
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,584,765 across 8 lines filed
Lines not itemized here account for $10,105 of total revenue; see the IRS return.
VIII-1c Fundraising events$83
VIII-1f All other contributions, gifts and grants$1,106,302
VIII-1g Noncash contributions (included above)$174,641
VIII-1h Total contributions, gifts and grants$1,649,928
VIII-3 Investment incomeExcluded from tax $798$798
VIII-7 Net gain or loss on sales of assetsExcluded from tax $803$803
VIII-8 Net income from fundraising eventsExcluded from tax −$76,869−$76,869
VIII-12 Total revenueExcluded from tax −$65,163$1,584,765
Part IX · Statement of functional expenses $1,399,211 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $255,474$255,474
IX-2 Grants to domestic individualsPrograms $274,460$274,460
IX-3 Grants and assistance to foreign recipientsPrograms $211,628$211,628
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $97,630 · Management $62,390 · Fundraising $53,824$213,844
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $17,953 · Management $11,894 · Fundraising $10,261$40,108
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $8,578 · Management $5,683 · Fundraising $4,902$19,163
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $3,070$3,070
IX-11c Accounting feesManagement $11,510$11,510
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $309$309
IX-11g Other fees for servicesPrograms $14,015$14,015
IX-12 Advertising and promotionFundraising $18,373$18,373
IX-13 Office expensesPrograms $1,883 · Management $12,498 · Fundraising $19,853$34,234
IX-14 Information technologyPrograms $7,852 · Management $16,315 · Fundraising $7,852$32,019
IX-15 Royalties$0
IX-16 OccupancyPrograms $11,949 · Management $7,915 · Fundraising $6,829$26,693
IX-17 TravelPrograms $4,394 · Management $2,912 · Fundraising $2,511$9,817
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $1,303 · Management $864 · Fundraising $745$2,912
IX-23 InsurancePrograms $1,481 · Management $981 · Fundraising $846$3,308
IX-24 Other expenses (24a–d)Programs $219,629 · Management $8,645$228,274
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $1,128,229 · Management $144,986 · Fundraising $125,996$1,399,211
Part X · Balance sheet $710,919 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $459,678$589,537
X-3 Pledges and grants receivableStart of year $6,968$2,670
X-9 Prepaid expenses and deferred chargesStart of year $4,346$6,660
X-10c Land, buildings and equipment, netStart of year $7,256$4,344
X-11 Publicly traded securities$47,180
X-15 Other assetsStart of year $27,233$60,528
X-16 Total assetsStart of year $505,481$710,919
X-17 Accounts payable and accrued expensesStart of year $7,859$8,728
X-25 Other liabilities$24,252
X-26 Total liabilitiesStart of year $7,859$32,980
X-27 Net assets without donor restrictionsStart of year $414,449$205,139
X-28 Net assets with donor restrictionsStart of year $83,173$472,800
X-32 Total net assets or fund balancesStart of year $497,622$677,939
X-33 Total liabilities and net assetsStart of year $505,481$710,919
Part XI · Reconciliation of net assets $677,939 net assets at year end
XI-1 Total revenue$1,584,765
XI-2 Total expenses$1,399,211
XI-3 Revenue less expenses$185,554
XI-4 Net assets at start of year$497,622
XI-5 Net unrealized gains (losses) on investments−$5,188
XI-8 Prior period adjustments−$49
XI-10 Net assets at end of year$677,939

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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