k18n Foundation
TO SUPPORT THE PROGRAMS AND ACTIVITIES OF SILICON VALLEY COMMUNITY FOUNDATION.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$-124K
Total Expenses
$42.4M
Net Assets
$2.3B
Employees
0
Volunteers
2
Grants Paid
$40.9M
Program Expense Ratio
98.2%
This nonprofit profile presents IRS Form 990 tax filing data for k18n Foundation (EIN: 87-3826691), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
k18n Foundation is a 501(c)(3) nonprofit headquartered in Mountain View, CA, founded in 2021. It is classified under NTEE code T12 (Fund Raising & Fund Distribution), within the Philanthropy, Voluntarism & Grantmaking category. The organization has held tax-exempt status since 2022. In its 2024 filing, the organization reported $-124K in total revenue, a 101.3% decrease from the prior year, and $42.4M in total expenses. The organization engaged 2 volunteers. Nicole Taylor, Director/CEO of SVCF, is the highest-compensated individual at $1,268,486. The organization runs 1 program, totaling $41.6M in program expenses. 4 of 6 recommended governance policies are in place.
k18n Foundation is classified under NTEE code T12 (Fund Raising & Fund Distribution), which falls within the Philanthropy, Voluntarism & Grantmaking category. Its foundation type is 21.
Programs(Tax Year 2024)
1 record
k18n Foundation operates 1 program, with total program expenses of $41.6M. k18n Foundation's largest program accounts for 100% of total program spending.
K18N Foundation supports the charitable purposes of the Silicon Valley Community Foundation by making charitable gifts supporting education, the arts, religion, medical research and services, and humanitarian aid efforts.
Financial Overview(Tax Years 2021–2024)
4 records
Over the past 4 years, k18n Foundation's revenue has remained stable from $0 to $-124K. Program expenses represent 98% of total spending.
Revenue decreased 101.3% year-over-year, while expenses grew 106.2%. net assets rose to $2.3B, up 27.6% from the prior year.
k18n Foundation allocates 98% to programs, 2% to management and general.
Revenue declined by 101.3% and expenses grew by 106.2% year over year.
k18n Foundation distributed $40.9M in grants to other organizations and individuals, representing 96% of total expenses.
k18n Foundation holds $2.3B in total assets against $0 in liabilities (debt-to-asset ratio of 0%). The organization has 660.0 months of operating reserves. Cash and equivalents of $234K cover approximately 0.1 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $-124K | $0 | $0 | $0 | $-124K |
| 2023 | $9.5M | $9.5M | $0 | $0 | $0 |
| 2022 | $1.6B | $1.6B | $0 | $0 | $6.4M |
| 2021 | $0 | $0 | $0 | $0 | $0 |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $42.4M | $41.6M | $782K | $0 | $40.9M |
| 2023 | $20.6M | $19.8M | $800K | $0 | $19.0M |
| 2022 | $1.2M | $592K | $653K | $0 | $0 |
| 2021 | $10K | $10K | $0 | $0 | $0 |
Program Expense Ratio
98.2%
Admin Expense Ratio
1.8%
Fundraising Efficiency
—
Operating Reserve
660.0 mo
People & Compensation(Tax Year 2024)
6 records
k18n Foundation reported compensation for 6 officers and key employees. Total officer compensation was $2.5M, representing 5.8% of total expenses. 3 individuals received total compensation exceeding $500,000.
k18n Foundation's highest-compensated individual received $1.3M in total compensation. Total officer compensation of $2.5M represents 5.8% of total expenses. 1 individual received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| Nicole Taylor | Director/CEO of SVCF | Director | 0.50 | $0 | $1,177,663 | $1,268,486 |
| Elizabeth A Carey | Assistant Treasurer/Director | OfficerDirector | 0.50 | $0 | $570,212 | $644,448 |
| Chanthi Lune | Assistant Secretary/Director | OfficerDirector | 0.50 | $0 | $493,848 | $542,491 |
| Audrey Scott | Secretary/Director | OfficerDirector | 1.00 | $0 | $0 | $0 |
| Yana Kalika | President/Director | OfficerDirector | 1.00 | $0 | $0 | $0 |
| Sara Colorado | Treasurer | Officer | 1.00 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
Elizabeth A Carey
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Chanthi Lune
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Nicole Taylor
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2024)
k18n Foundation has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 5 members, 2 of whom are independent.
k18n Foundation's financial statements are audited, an audit committee oversees the process.
k18n Foundation delegates management duties to an outside firm.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2024)
1 record
k18n Foundation awarded $40.9M across 1 grant to organizations. Top recipients include Silicon Valley Community Foundation (Mountain View, CA) — $40.9M for general nonprofit support.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| Silicon Valley Community Foundation205205488 | Mountain View, CA | $40.9M | General Nonprofit Support |
Filing History(Tax Years 2021–2024)
4 records
Showing the 4 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $-124K | $42.4M | $2.3B |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $9.5M | $20.6M | $1.8B |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $1.6B | $1.2M | $1.5B |
| 2021 | 990-EZ | 2021-11-23 – 2021-12-31 | $0 | $10K | $-10K |
Frequently Asked Questions
What does k18n Foundation do?
TO SUPPORT THE PROGRAMS AND ACTIVITIES OF SILICON VALLEY COMMUNITY FOUNDATION.
How much revenue does k18n Foundation have?
k18n Foundation reported $-123,774 in total revenue for tax year 2024, down 101.3% from the prior year.
Who is the highest-paid executive at k18n Foundation?
Nicole Taylor, Director/CEO of SVCF, received $1,268,486 in total compensation as of tax year 2024.
Is k18n Foundation a 501(c)(3)?
Yes, k18n Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is k18n Foundation located?
k18n Foundation is headquartered in Mountain View, CA 94040.
What type of nonprofit is k18n Foundation?
k18n Foundation is classified under NTEE code T12 (Fund Raising & Fund Distribution), within the Philanthropy, Voluntarism & Grantmaking category. It is a 501(c)(3) tax-exempt organization.
Is k18n Foundation audited?
Yes, k18n Foundation's financial statements are audited, and the organization has an audit committee.
Does k18n Foundation give grants?
Yes, k18n Foundation distributed $40,893,524 in grants to other organizations and individuals in tax year 2024. Top recipients include Silicon Valley Community Foundation.
Data Source
Prepared by: CROWE LLP, Plano, TX
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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