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K2 Charitable Foundation EIN 46-1208733

K2 Charitable Foundation FY2021 filing

EIN  46-1208733 Private foundation / grantmaker Urbandale, IA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
A private foundation based in Urbandale, IA. It reported about $243K in revenue for 2021.
Money in and out
$243K revenue, $791K expenses
Bottom line
—

A private foundation based in Urbandale, IA. It reported about $243K in revenue for 2021. For fiscal year 2021 it reported $243K in revenue, $791K in expenses, and $5.4M in net assets.Pt I

Grants paid & assets · FY2021
Total revenue
$243K
Pt VIII · Ln 12
Total expenses
$791K
Pt IX · Ln 25
Net assets
$5.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$549K
Total assets
5.5M
deployed as grants and operations
Grants paid
732K
in FY2021
Grants made
16grants
total in period
Payout rate
13%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 16 grants · $2.1M · 2025–2025
Haiti Christian Development FundFY2025$1,032,500
New Horizons MinistriesFY2025$407,500
Freedom for YouthFY2025$269,000
Agape Pregnancy Resource CenterFY2025$150,000
Open Bible ChurchFY2025$82,000
John & Vera Mae Perkins FoundationFY2025$67,500
JoppaFY2025$40,000
Leader SourceFY2025$35,000
The Mendenhall MinistriesFY2025$25,000
Scalpel at the CrossFY2025$20,000
Variety - the Childrens Charity of IowaFY2025$2,000
Holy Cross ChurchFY2025$2,000
Des Moines Refugee SupportFY2025$2,000
Hidden Acres Christian CenterFY2025$2,000
Fellowship of Christian AthletesFY2025$1,500
Joshua Christian AcademyFY2025$500

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$134K
Median grantPart XV$35K
Largest grantPart XV$1.0M

Summary of the Filing

Part I · fiscal year 2021 · Form 990-PF
Revenue
$243K
FY2021▼ -15%
Expenses
$791K
FY2021▼ -7%
Total assets
$5.5M
FY2021▼ -9%
Total liabilities
$17K
FY2021▲ +15%
Total revenue
$243K
Pt VIII · Ln 12
Total expenses
$791K
Pt IX · Ln 25
Net assets
$5.4M
Pt X · Ln 32
Total assetsPt II$5.5M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CK2 Charitable Foundation
EINHdr · item D46-1208733
Principal addressHdr · item CUrbandale, IA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFJul 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See K2 Charitable Foundation executive salaries →

Statement of Revenue

Part VIII
Other revenue$121K · 50%
Investment income$111K · 46%
Contributions & grants$10K · 4%
Other revenue50%$121K
Investment income46%$111K
Contributions & grants4%$10K
Total revenueLn 12$243K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.92 Operating & administrative $0.08
Grants & contributions paid92%$732K
Operating & administrative8%$60K
Total functional expensesLn 25$791K

Balance Sheet

Part X · end of year
CashLn 1$48K
Total assetsLn 16$5.5M
Total liabilitiesLn 26$17K
Total net assetsLn 32$5.4M
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $5.5M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $243K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $243K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $243K · Prior year $287K
-15%
Net-asset trend (YoY)
End of year $5.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $243K · Expenses $791K
-226%
Liabilities-to-Assets
Total liabilities — · Total assets $5.5M
—
Net-asset ratio
Net assets $5.4M · Total assets $5.5M
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $791K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth -15%——

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.

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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
FY2025 (Latest)$2.8M revenue · ⤓ 990 PDF
FY2024$2.2M revenue · ⤓ 990 PDF
FY2023$1.2M revenue · ⤓ 990 PDF
FY2022$855K revenue · ⤓ 990 PDF
FY2021$243K revenue · viewing · ⤓ 990 PDF
FY2020$287K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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