Kb Charitable Tr EIN 57-1109692

Kb Charitable Tr FY2023 filing

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Improves well-being and supports local charitable causes. For fiscal year 2023 it reported $173K in revenue, $163K in expenses, and $188K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Greenville, SC
Website
kbcharitable.org
Filings
5 on file (2021–2023)
Revenue
$173KFY2023
Expenses
$163K
Net assets
$188K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  57-1109692 Public foundation / grantmaker Greenville, SC
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Improves well-being and supports local charitable causes.
Leadership
Brent Sanders JR · Vice President
Money in and out
$173K revenue, $163K expenses
Bottom line
98% program efficiency
Grants paid & assets · FY2023
Total revenue
$173K
Pt VIII · Ln 12
Total expenses
$163K
Pt IX · Ln 25
Net assets
$188K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $11K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs
Operating runway
0.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$173K
FY2023▲ +38%
Expenses
$163K
FY2023▼ -23%
Total assets
$190K
FY2023▼ -5%
Total liabilities
$1K
FY2023▼ -94%
Total revenue
$173K
Pt VIII · Ln 12
Total expenses
$163K
Pt IX · Ln 25
Net assets
$188K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$11K
Total assetsPt X · Ln 16$190K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $157K of program spending, described in the organization's own filed words · FY2023.
01

Bel-Aire Community Partners

A 501 (c) (3) organization set up as an inner-city ministry servicing the needs of disadvantaged neighborhoods in greenville,sc. Mainly historical and rundown textile mill communities. Their activities include a year round after school program,a 9 week summer youth camp, and a youth leadership development program.

$76Kprogram expense
02

Grand Lodge Fellowship

This 501(c) (3) charity located in johnson city,tn. Is a co-ed campus ministry at east TN.STATE university as well as an international outreach and also serves the facility needs of various other campus and local ministries hosting retreats and bible studies.

$72Kprogram expense
03

Expenses

$8Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKb Charitable Tr
EINHdr · item D57-1109692
Principal addressHdr · item CGreenville, SC
WebsiteHdr · item Jkbcharitable.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFMay 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$173K
Total revenueLn 12$173K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$160K
Management & general2%$3K
Total functional expensesLn 25$163K

Balance Sheet

Part X · end of year
CashLn 1$10K
Total assetsLn 16$190K
Total liabilitiesLn 26$1K
Total net assetsLn 32$188K
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $10K · Operating expenses/yr $163K
0.7 months
Where the money goes
Program services
Program services $160K · Total expenses $163K
98%
Management & General
Management & general $3K · Total expenses $163K
2%
Fundraising
Fundraising $0 · Total expenses $163K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $742 · Solicited contributions (3-yr avg) $147K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $173K · Total revenue $173K
100%
Government reliance
Government grants — · Total revenue $173K
Earned-income share
Program service revenue $0 · Total revenue $173K
0%
Investment reliance
Investment income $0 · Total revenue $173K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $163K
0%
Growth & trend
Revenue growth (YoY)
This year $173K · Prior year $125K
+38%
Net-asset trend (YoY)
End of year $188K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $173K · Expenses $163K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $190K
Net-asset ratio
Net assets $188K · Total assets $190K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $190K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Brent Sanders JR · Reported title VICE PRESIDENT · Highest reported compensation $0 · Total expenses $163K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $163K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth 38%

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 · FY2023
Total grants receivedfrom 2 funders$68K
Grants paid · 20 grants · $717K · 2021–2025
Bel-Aire Community PartnersSC · FY2025$80,781
Grand Lodge FellowshipTN · FY2025$40,823
N Main Beautification EasementFY2025$1,000
Grand Lodge FellowshipTN · FY2024$46,534
Bel-Aire Community PartnersSC · FY2024$40,640
N Main Beautification EasementFY2024$12,000
Bel-Aire Community PartnersSC · FY2023$76,341
Grand Lodge FellowshipTN · FY2023$72,250
Bel-Aire Community PartnersSC · FY2022$83,023
Grand Lodge FellowshipTN · FY2022$64,595
Aufn LLCFY2022$25,500
N Main Beautification EasementFY2022$11,000
Grand Lodge FellowshipTN · FY2021$79,725
Bel-Aire Community PartnersSC · FY2021$12,174
Aufn LLCFY2021$11,000
See all 20 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
FY2025 (Latest)$167K revenue · ⤓ 990 PDF
FY2024$147K revenue · ⤓ 990 PDF
FY2023$173K revenue · viewing · ⤓ 990 PDF
FY2022$125K revenue · ⤓ 990 PDF
FY2021$289K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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