EIN 81-5479920

KB Foundation

IRS 501(c) type
501(c)(3)
Num. employees
1
Year formed
2017
Most recent tax filings
2023-12-01
Description
The KB Foundation's mission is to develop and enhance the social and developmental skills of adolescent youth through educational, recreational, and hands-on learning experiences in Philadelphia. The foundation offers boys & girls mentoring camps that focus on life skills by participating in activities and workshops that require critical thinking and teamwork. Their education enrichment program exposes young scholars to business, various career opportunities in a specific industry, and special events for sports, entertainment, and more. The KB Foundation is located in King Of Prussia, PA.
Total revenues
$387,657
2023
Total expenses
$299,573
2023
Total assets
$120,132
2023
Num. employees
1
2023

Program areas at KB Foundation

Leadership exchange abroad program-the l.e.a.p. Experience provides the opportunity for rising ninth-grade students to visit the continent of africa and have a full educational experience, learning about the specific city and country they visit. Our mentoring model is based on one principle and that is "exposure is life".
Boys & girls mentoring camps- this is a life skills camp where kids participate in activities and workshops that require them to use their brain power and work together. While sports are a large part of some young people's lives, there is a larger population of youth that do not play sports and can learn skills at this life camp that will help them for years to come.
Community pop-up & local mentoring events
These programs create an engaging learning experience for the scholars, by exposing them to the business and the many career opportunities within a specific industry. These programs also provide exposure to sports, tutoring and other enrichment activities that for alternative learning and development.

Who funds KB Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
National Philanthropic TrustPublic, Societal Benefit$10,000
The Snider FoundationOperating Support$9,000
William Penn FoundationKB Foundation Fundraiser in Honor of Jake and Betsy Ramage$113

Personnel at KB Foundation

NameTitleCompensation
Kirk BerryPresident$0
Percy Lee JonesiiiVice President$0
Natasha PronsatiTreasurer$2,000
Nicole BerrySecretary$0

Financials for KB Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$324,986
Program services$21,004
Investment income and dividends$39
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$40,023
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,605
Total revenues$387,657

Form 990s for KB Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-27990View PDF
2022-122024-01-09990View PDF
2022-122023-04-11990View PDF
Data update history
May 23, 2024
Updated personnel
Identified 3 new personnel
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $9,000 from The Snider Foundation
October 25, 2023
Received grants
Identified 1 new grant, including a grant for $5,000 from American Endowment Foundation
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 14, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsYouth service charitiesCharities
Issues
Children
Characteristics
Fundraising eventsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
2303 Bradenbury Way
King of Prussia, PA 19406
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
Montgomery County, PA
Website URL
kb.foundation/ 
Phone
(484) 998-0990
IRS details
EIN
81-5479920
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2017
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
W12: Public and Societal Benefit Fund Raising and Fund Distribution
NAICS code, primary
624110: Child and Youth Services
Parent/child status
Independent
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