Nonprofit · EIN 81-5479920
KB FOUNDATION
Tax-exempt · KNG OF PRUSSA, PA 19406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $740,163 | $484,727 | $255,436 | $386,608 | $16,671 | $369,937 |
| December 31, 2023 | 990 | $387,657 | $299,573 | $88,084 | $120,132 | $5,631 | $114,501 |
| December 31, 2022 | 990 (amended) | $181,525 | $169,176 | $12,349 | $27,197 | $780 | $26,417 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $629,414
- Program service revenue
- $64,601
- Investment income
- $328
- Net income from fundraising events
- $44,940
- Other revenue
- $45,820
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $16,650
- Other salaries and wages
- $41,058
- Salaries, compensation and benefits (total)
- $64,464
- Professional fundraising fees
- $0
- Legal fees
- $13,590
- Accounting fees
- $13,654
- Travel
- $71,607
- Depreciation
- $3,862
- Program services (functional)
- $352,893
- Management and general (functional)
- $110,043
- Fundraising (functional)
- $21,791
Balance sheet and other
- Total assets, start of year
- $120,132
- Total assets, end of year
- $386,608
- Total liabilities, end of year
- $16,671
- Net assets, end of year
- $369,937
- Land, buildings and equipment
- $42,476
- Net assets without donor restrictions
- $94,935
- Net assets with donor restrictions
- $275,002
- Gross receipts
- $766,910
- Employees
- 2
- Year formed
- 2017
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIRKLYN BERRY | PRESIDENT Trustee or director, Officer | 8 | $16,650 |
| PERCY LEE JONES III | VICE PRESIDE Trustee or director, Officer | 1 | $4,874 |
| NATASHA PRONSATI | TREASURER Trustee or director, Officer | 3 | $3,654 |
| NICOLE BERRY | SECRETARY Trustee or director, Officer | 1 | $0 |
| COURTNEY CLARK-RASHEED | BOARD MEMBER Trustee or director | 1 | $0 |
| JUSTIN KAPLAN | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRISTOPHER PRONSATI | BOARD MEMBER Trustee or director | 1 | $0 |
| DAN SOMERVILLE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NATASHA PRONSATI | TREASURER Trustee or director | 3 | $4,024 |
| PERCY LEE JONES 111 | VICE-PRESIDE Trustee or director | 1 | $0 |
| KIRKLYN BERRY | PRESIDENT Trustee or director | 8 | $0 |
| NICOLE BERRY | SECRETARY Trustee or director | 1 | $0 |
| COURTNEY CLARK-RASHEED | TRUSTEE Trustee or director | 1 | $0 |
| JUSTIN KAPLAN | TRUSTEE Trustee or director | 1 | $0 |
| CHRISTOPHER PRONSATI | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Natasha Pronsati | Treasurer Officer | 3 | $2,000 |
| Justin Kaplan | Trustee Institutional trustee | 1 | $0 |
| Christopher Pronsati | Trustee Institutional trustee | 1 | $0 |
| Courtney Clark-Rasheed | Trustee Institutional trustee | 1 | $0 |
| Kirk Berry | President Officer | 8 | $0 |
| Percy Lee JonesIII | Vice President Officer | 1 | $0 |
| Nicole Berry | Secretary Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2303 BRANDENBURG WAY, KNG OF PRUSSA, PA 19406-3244
- In care of
- % KIRKLYN BERRY
- Mailing address (990-N for 2021)
- 2303 Brandenburg Way, King of Prussia PA 19406
- Principal officer (990 for 2024)
- KIRKLYN BERRY, 2303 BRADENBURG WAY, KING OF PRUSSIA, PA 19406
- Principal officer (990-N for 2021)
- Kirklyn Berry, 29 BRISTOL COURT, NORRISTOWN PA 19403
- Signed the 990
- KIRKLYN BERRY, PRESIDENT
- Phone
- (484) 998-0990
- Website
- HTTPS://KB.FOUNDATION/
- Return prepared by
- MILLIGAN & COMPANY LLC
Mission
KBF'S MISSION IS TO BUILD THE DEVELOPMENTAL AND SOCIAL COMPETENCIES OF ADOLESCENT YOUTH IN THE PHILADELPHIA AREA THROUGH EDUCATIONAL, RECREATIONAL, AND HANDS-ON LEARNING EXPERIENCES.
Program accomplishments
- KBF IS A PENNSYLVANIA NOT-FOR-PROFIT CORPORATION CHARTED IN 2017. KBF RECEIVES FINANCIAL SUPPORT FROM INDIVIDUALS, CORPORATIONS AND FOUNDATIONS. KBF OFFERS SEVEN DIFFERENT PROGRAMS TO ELEMENTARY THROUGH HIGHSCHOOL AGE GIRLS AND BOYS. THESE PROGRAMS INCLUDE: THE YOUTH ENRICHMENT CAMP; GIRLS GLAMP CAMP; THE LEADERSHIP EDUCATION ABROAD PROGRAM(LEAP); HEALTHY RELATIONSHIP EDUCATION; MY BUDDY READING; KB P.O.W.E.R. MENTORING CAMP; AND LUNCH & LEARNS.Expenses $352,893
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-5479920
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W99)
- Assets (IRS master file)
- $386,608
- Income (IRS master file)
- $766,910
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $740,163 | $484,727 | $386,608 | XML |
| 990 | December 2023 | $387,657 | $299,573 | $120,132 | XML |
| 990 | December 2022 | $181,525 | $169,176 | $27,197 | XML |
| 990-N for 2021 Officer: Kirklyn Berry | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: KIRKLYN BERRY | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: KIRKLYN BERRY | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: KIRKLYN BERRY | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-5479920).
Questions about KB FOUNDATION
- What is the EIN of KB FOUNDATION?
- The employer identification number (EIN) of KB FOUNDATION is 81-5479920.
- Is KB FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to KB FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KB FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KB FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KB FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KB FOUNDATION?
- The 990 for the year ended December 31, 2024 names KIRKLYN BERRY.
- Who are the officers and directors of KB FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 3 received compensation from the organization, the highest $16,650 (KIRKLYN BERRY, PRESIDENT).
- How much revenue does KB FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $740,163, expenses of $484,727 and total assets of $386,608 at year end.
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