Kiwanis International Foundation INC EIN 36-6072039

Kiwanis International Foundation INC

EIN  36-6072039 Public foundation / grantmaker Indianapolis, IN
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/27/26 · see original filing: IRS
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Size
$1–10M
What they do
Funds global health initiatives, youth leadership programs, and local community service projects to support children in need where Kiwanis clubs serve.
Leadership
Michael Malik · Director of Development · $112K
Money in and out
$3.8M revenue, $3.5M expenses
Bottom line
43% program efficiency

Funds global health initiatives, youth leadership programs, and local community service projects to support children in need where Kiwanis clubs serve. For fiscal year 2024 it reported $3.8M in revenue, $3.5M in expenses, and $19.6M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$3.8M
Pt VIII · Ln 12
Total expenses
$3.5M
Pt IX · Ln 25
Net assets
$19.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $305K
Where spending went · Part IX cols B–D
Program services $0.43 Management & general $0.17 Fundraising $0.40
Program efficiency
43%
of spending reaches programs▲ +10% vs prior filing year
Operating runway
68.9mo
months of highly liquid reserves at operating expense rate▲ +27% vs prior filing year
Surplus margin
+8%
revenue over expenses, this year▲ +135% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$3.8M
FY2024▲ +23%
Expenses
$3.5M
FY2024▼ -8%
Total assets
$20.0M
FY2024▲ +17%
Total liabilities
$395K
FY2024▼ -7%
Total revenue
$3.8M
Pt VIII · Ln 12
Total expenses
$3.5M
Pt IX · Ln 25
Net assets
$19.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$305K
Total assetsPt X · Ln 16$20.0M
Program-expense ratioPt IX · col B43%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $1.5M of program spending, described in the organization's own filed words · FY2023.
01

Kiwanis international foundation (dba kiwanis children's fund) is continuing its commitment to sustain efforts to eliminate iodine deficiency disorders and maternal and neonatal tetanus by supporting kiwanis' global partners iodine global network, unicef, and unicef usa.

$1.5Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKiwanis International Foundation INC
EINHdr · item D36-6072039
Principal addressHdr · item CIndianapolis, IN
WebsiteHdr · item Jwww.kiwanis.org/childrensfund
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T300)
Ruling yearIRS BMFJan 1960

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Director of Development
$112,301Pt VII · Sec A
Chief Philanthropy Officer (end 02/10/23)
$87,338Pt VII · Sec A
Director of Programs and Partnerships
$60,006Pt VII · Sec A
Executive Director (end 01/31/24)
$50,097Pt VII · Sec A
Executive Director (effective 02/01/24)
$9,568Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Michael Malik’s $112K as Director of Development is at the 41st percentile of top reported officer pay among 1688 $1–10M philanthropy & grantmaking 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ann Updegraff-Spleth$177,444
Ann Updegraff Spleth$127,031
Michael Malik$112,301
Lora Hoover$102,455$106,939
Michael Malik$106,144
Pamela Norman$87,338$84,561$80,987
Elizabeth Warren$60,006
Elizabeth Warren$57,009

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.

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Statement of Revenue

Part VIII
Contributions & grants$2.6M · 69%
Investment income$1.2M · 31%
Contributions & grants69%$2.6M
Investment income31%$1.2M
Program service revenue$14K
Total revenueLn 12$3.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.43 Management & general $0.17 Fundraising $0.40
Program services43%$1.5M
Management & general17%$597K
Fundraising40%$1.4M
Total functional expensesLn 25$3.5M

Balance Sheet

Part X · end of year
CashLn 1$1.6M
Total assetsLn 16$20.0M
Total liabilitiesLn 26$395K
Total net assetsLn 32$19.6M
Months of cash on handcomputed5.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $19.7M · Operating expenses (Pt IX) $3.5M · Less non-cash grants $54K · Cash operating expenses/yr $3.4M
68.9 months
Where the money goes
Program services
Program services $1.5M · Total expenses $3.5M
43%
Management & General
Management & general $597K · Total expenses $3.5M
17%
Fundraising
Fundraising $1.4M · Total expenses $3.5M
40%
Cost to raise $1
Fundraising expense (3-yr avg) $1.4M · Solicited contributions (3-yr avg) $2.6M
$0.56 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.6M · Total revenue $3.8M
69%
Government reliance
Government grants — · Total revenue $3.8M
Earned-income share
Program service revenue $14K · Total revenue $3.8M
0%
Investment reliance
Investment income $1.2M · Total revenue $3.8M
+31%
Program self-sufficiency
Program service revenue $14K · Total expenses $3.5M
0%
Growth & trend
Revenue growth (YoY)
This year $3.8M · Prior year $3.1M
+23%
Revenue CAGR
FY2019 $3.6M · FY2023 $3.8M
+1%
Net-asset trend (YoY)
End of year $19.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.8M · Expenses $3.5M
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $20.0M
Net-asset ratio
Net assets $19.6M · Total assets $20.0M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $18.0M · Other securities (Pt X, ln 12) $140K · Total assets (Pt X, ln 16) $20.0M
91%
People & payroll
Highest Reported Total Compensation
Individual Michael Malik · Reported title DIRECTOR OF DEVELOPMENT · Highest reported compensation $112K · Total expenses $3.5M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $937K · Total expenses $3.5M
27%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 43%
Overhead ratio 17%
Fundraising cost ratio 53%
Revenue growth 23%
Investment management fee ratio 0%
Legal fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 11 funders →
Grants paid · 100 grants · $4.2M · 2019–2023
United States Fund for UNICEFNY · FY2023$518,856
Kiwanis International INCOK · FY2023$50,000
Cal-Nev-Ha District KiwanisCA · FY2023$20,000
Kiwanis Youth Programs INCIN · FY2023$17,000
Kiwanis Club of PortsmouthFY2023$12,000
Kiwanis International INCVA · FY2023$11,174
Kiwanis International INCMI · FY2023$10,000
Richmond Kiwanis FoundationVA · FY2023$6,200
Kiwanis International INCIN · FY2023$5,052
United States Fund for UNICEFNY · FY2022$275,000
See all 100 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$3.8M revenue · viewing · ⤓ 990 PDF
FY2023$3.1M revenue · ⤓ 990 PDF
FY2022$3.8M revenue · ⤓ 990 PDF
FY2021$5.7M revenue · ⤓ 990 PDF
FY2020$3.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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