K18n Foundation

Nonprofit profile at a glance

EIN
873826691
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Mountain View, CA, USA
Phone
6504505400
Rating confidence
Limited
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$-123,774
Expenses
$42,410,993
Assets
$2,332,640,414
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Yana Kalika (President/Director)
  • Nicole Taylor (Director/CEO of SVCF)

Highest reported compensation

  • Nicole Taylor (Director/CEO of SVCF): $1,268,486 total reported compensation
  • Elizabeth A Carey (Assistant Treasurer/Director): $644,448 total reported compensation
  • Chanthi Lune (Assistant Secretary/Director): $542,491 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support the programs and activities of Silicon Valley Community Foundation.

What it reported doing in 2024

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.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Grant intermediary. The nonprofit sent 98% of its reported program spending out as grants.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 72
  • Accountability: 56
  • Sustainability: 38
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 98.2%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 40%; rating input score 40; 19th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -34,364.9%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 55; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0.5%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 99.3% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: -149.1% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 22.3% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 98.2% of spending went to programs
  • Governance: 2 of 5 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $41.6M in reported program spending
  • Leadership: top reported pay $1.3M · 6 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 6 filed schedules · includes grants and executive pay
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 24 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Independent voting board scored 40/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 20/100.