Kito Impact Foundation FY2023 filing

Tax-deductible

Bainbridge Is, WA501(c)(3)InternationalEIN 82-1130255Revenue $240K in FY2023

On file with the IRSkitoeffect.org4098 Mattson Pl Ne, 98110-2224 · Bainbridge Is, WATax-exempt since Apr 2019Publicly supported charity — 170(b)(1)(A)(vi)

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

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
3 of 4
filings with a surplus
Average surplus $19K a year · 7% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $35K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$240K
-25% vs prior year
Spent
$197K
To programs
67%
Net assets
$85K
By yearFY2020–FY2024
Revenue
$240K
FY2023▼ -25%
Tap a bar for its year
Revenue by fiscal year
FY2020$221K
FY2021$279K
FY2022$322K
FY2023$240K
FY2024$179K
Expenses
$197K
FY2023▼ -45%
Tap a bar for its year
Expenses by fiscal year
FY2020$177K
FY2021$254K
FY2022$359K
FY2023$197K
FY2024Not on file
Net assets
$85K
FY2023▲ +107%
Tap a bar for its year
Net assets by fiscal year
FY2020$53K
FY2021$77K
FY2022$41K
FY2023$85K
FY2024$102K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Apr 2019.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $132K Management & general 27% · $54K Fundraising 5% · $10K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Chair of Board
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Jamie Bechtel’s $69K as CEO is at the 62nd percentile of top reported officer pay among 1637 $100K–1M international 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 · 1 named individual · Part VII

NameFY2021FY2020
Jamie Bechtel$68,750$54,250

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 Kito Impact 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

Develops entrepreneurial solutions for climate change and biodiversity loss.

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Provided by the organization

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3 programs · $99K · in their own filed words · FY2023
01

Working with The Nature Conservancy efforts is to increase public funding toward the restoration of US islands, particularly for increasing the scope and scale of proven actions with precedent in the US, including invasive species eradication, biosecurity, and conservation translocations.

$39Kprogram expense
02

Kito 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.

$36Kprogram expense
03

kito 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.

$24Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$35K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$240K
Ln 12
Gifts and grantsLn 1h$240K
Money outPt IX
$197K
Ln 25
Programscol B$132K
Managementcol C$54K
Fundraisingcol D$10K
Owns and owesPt X
$85K
net assets · Ln 32
Cash and savingsLn 1–2$85K
Total assetsLn 16$85K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$240K
Government grantsLn 1e$24K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Gains on assetsLn 7$0
Total revenueLn 12$240K
Assets in detailPt X, end of year
CashLn 1$85K
SavingsLn 2$0
Cash and savings togetherLn 1–2$85K
InvestmentsLn 11–13$0
Other assetsLn 15$0
Total assetsLn 16$85K
LiabilitiesLn 26$0
Net assetsLn 32$85K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY23End FY23
Cash and savingsLn 1–2$41K$85K
InvestmentsLn 11–13$0$0
Total assetsLn 16$41K$85K
LiabilitiesLn 26$0$0
Net assetsLn 32$41K$85K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$89K$89K$0$0
Advertising and promotionLn 12$591$0$0$591
Office expensesLn 13$17K$0$17K$0
Information technologyLn 14$1K$0$1K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$31K$31K$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$1K$0$1K$0
Other expenses (24a–d)Ln 24$32K$13K$19K$0
All other expensesLn 24e$25K$16K$9K
Total functional expensesLn 25$197K$132K$54K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $179K$102K 990 PDF
FY2023 Viewing $240K$197K$44K$85K 990 PDF
FY2022 $322K$359K−$36K$41K 990 PDF
FY2021 $279K$254K$25K$77K 990 PDF
FY2020 $221K$177K$44K$53K 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 FY2023 990 (6 parts)
Part I · Summary $240,406 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $322,195$240,406
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $322,195$240,406
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $47,968$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $310,583$196,526
I-18 Total expensesPrior year $358,551$196,526
I-19 Revenue less expensesPrior year −$36,356$43,880
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $240,406 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$23,910
VIII-1f All other contributions, gifts and grants$216,496
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$240,406
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$240,406
Part IX · Statement of functional expenses $196,526 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $88,606 · Management $0 · Fundraising $0$88,606
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $591$591
IX-13 Office expensesPrograms $0 · Management $16,524 · Fundraising $0$16,524
IX-14 Information technologyPrograms $0 · Management $1,100 · Fundraising $0$1,100
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $30,973 · Management $0 · Fundraising $0$30,973
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $1,229 · Fundraising $0$1,229
IX-24 Other expenses (24a–d)Programs $12,907 · Management $19,419 · Fundraising $0$32,326
IX-24e All other expensesManagement $15,760 · Fundraising $9,417$25,177
IX-25 Total functional expensesPrograms $132,486 · Management $54,032 · Fundraising $10,008$196,526
Part X · Balance sheet $85,009 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $41,129$85,009
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $41,129$85,009
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $41,129$85,009
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $41,129$85,009
X-33 Total liabilities and net assetsStart of year $41,129$85,009
Part XI · Reconciliation of net assets $85,009 net assets at year end
XI-1 Total revenue$240,406
XI-2 Total expenses$196,526
XI-3 Revenue less expenses$43,880
XI-4 Net assets at start of year$41,129
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$85,009

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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