Kona Foundation Inc

New York, NY
Tax-exempt since May 2008
EIN: 45-0571263

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.1M (2023)

Expenses

$66k (2023)

Total Assets

$2.01M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$1,099,741

Expenses

$66,045

Net Income

$1,033,696

Net Assets

$2,010,048

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,065,120	96.9%
Interest Revenue	$0
Dividends	$35,063	3.2%
Sales of Assets	-$442
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$51,594	78.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,010,048
Total Liabilities	$0
Net Assets	$2,010,048

Compensation

Key Employees and Officers	Compensation	Other
Daniel B Drachman Dec 102522 (Senior Vice President,Director)	$0	$0
Jonathan G Drachman (Vice President,Director)	$0	$0
Jane Sims (Secretary,Treasurer)	$0	$0

990-PF

Filed on Nov. 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$19,055

Expenses

$50,209

Net Income

-$31,154

Net Assets

$682,030

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$12,689	66.6%
Sales of Assets	$6,366	33.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$40,655	81.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$682,030
Total Liabilities	$0
Net Assets	$682,030

Compensation

Key Employees and Officers	Compensation	Other
Daniel B Drachman Dec 102522 (Senior Vice President,Director)	$0	$0
Jonathan G Drachman (Vice President,Director)	$0	$0
Jane Sims (Secretary,Treasurer)	$0	$0

990-PF

Filed on Nov. 13, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$36,329

Expenses

$46,615

Net Income

-$10,286

Net Assets

$907,801

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$15,617	43.0%
Sales of Assets	$20,712	57.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$37,548	80.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$907,801
Total Liabilities	$0
Net Assets	$907,801

Compensation

Key Employees and Officers	Compensation	Other
Daniel B Drachman Dec 102522 (Senior Vice President,Dire)	$0	$0
Jonathan G Drachman (Vp,Treasurer,Director)	$0	$0

990-PF

Filed on Nov. 14, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$25,432

Expenses

$43,611

Net Income

-$18,179

Net Assets

$855,258

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$14,022	55.1%
Sales of Assets	$11,410	44.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$37,398	85.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$855,259
Total Liabilities	$1
Net Assets	$855,258

Compensation

Key Employees and Officers	Compensation	Other
Daniel B Drachman (Senior Vice President,Dire)	$0	$0
Jonathan G Drachman (Vp,Treasurer,Director)	$0	$0

990-PF

Filed on Nov. 12, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$20,318

Expenses

$45,875

Net Income

-$25,557

Net Assets

$768,164

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$15,651	77.0%
Sales of Assets	$4,667	23.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$38,495	83.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$768,165
Total Liabilities	$1
Net Assets	$768,164

Compensation

Key Employees and Officers	Compensation	Other
Daniel B Drachman (Senior Vice President,Dire)	$0	$0
Jonathan G Drachman (Vp,Treasurer,Director)	$0	$0

990-PF

Filed on Nov. 13, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$88,733

Expenses

$42,046

Net Income

$46,687

Net Assets

$683,427

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$14,637	16.5%
Sales of Assets	$74,096	83.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$35,353	84.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$683,427
Total Liabilities	$0
Net Assets	$683,427

Compensation

Key Employees and Officers	Compensation	Other
Daniel B Drachman (Senior Vice President,Dire)	$0	$0
Jephta Drachman Deceased 11019 (President, Director)	$0	$0
Jonathan G Drachman (Vp,Treasurer,Director)	$0	$0
Michael A Varet Deceased 52019 (Vice President, Secretary)	$0	$0

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990-PF

Filed on Nov. 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2017

Revenue

$47,529

Expenses

$40,489

Net Income

$7,040

Net Assets

$767,856

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$11,744	24.7%
Sales of Assets	$35,785	75.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$34,195	84.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$767,856
Total Liabilities	$0
Net Assets	$767,856

Compensation

Key Employees and Officers	Compensation	Other
Jephta Drachman (President, Director)	$0	$0
Daniel B Drachman (Senior Vice President,Dire)	$0	$0
Jonathan G Drachman (Vp,Treasurer,Director)	$0	$0
Michael A Varet (Vice President, Secretary)	$0	$0

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990-PF

Filed on July 23, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$29,969

Expenses

$42,010

Net Income

-$12,041

Net Assets

$692,257

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$12,589	42.0%
Sales of Assets	$17,014	56.8%
Other Income	$366	1.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$35,918	85.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$692,257
Total Liabilities	$0
Net Assets	$692,257

Compensation

Key Employees and Officers	Compensation	Other
Jephta Drachman (President, Director)	$0	$0
Daniel B Drachman (Senior Vice President,Dire)	$0	$0
Jonathan G Drachman (Vp,Treasurer,Director)	$0	$0
Michael A Varet (Vice President, Secretary)	$0	$0

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990-PF

Filed on Nov. 7, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$48,964

Expenses

$43,217

Net Income

$5,747

Net Assets

$705,439

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$15,850	32.4%
Sales of Assets	$31,541	64.4%
Other Income	$1,573	3.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$36,235	83.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$705,439
Total Liabilities	$0
Net Assets	$705,439

Compensation

Key Employees and Officers	Compensation	Other
Jephta Drachman (President, Director)	$0	$0
Daniel B Drachman (Senior Vice President,Dire)	$0	$0
Jonathan G Drachman (Vp,Treasurer,Director)	$0	$0
Michael A Varet (Vice President, Secretary)	$0	$0

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990-PF

Filed on May 12, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$42,832

Expenses

$29,313

Net Income

$13,519

Net Assets

$774,040

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$12,735	29.7%
Sales of Assets	$28,502	66.5%
Other Income	$1,595	3.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,182	79.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$774,040
Total Liabilities	$0
Net Assets	$774,040

Compensation

Key Employees and Officers	Compensation	Other
Jephta Drachman (President, Director)	$0	$0
Daniel B Drachman (Senior Vice President,Dire)	$0	$0
Jonathan G Drachman (Vp,Treasurer,Director)	$0	$0
Michael A Varet (Vice President, Secretary)	$0	$0

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990-PF

Filed on Aug. 12, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$18,646

Expenses

$19,371

Net Income

-$725

Net Assets

$757,293

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$11,231	60.2%
Sales of Assets	$5,916	31.7%
Other Income	$1,499	8.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$13,165	68.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$757,293
Total Liabilities	$0
Net Assets	$757,293

Compensation

Key Employees and Officers	Compensation	Other
Jephta Drachman (President, Director)	$0	$0
Daniel B Drachman (Senior Vice President,Dire)	$0	$0
Jonathan G Drachman (Vp,Treasurer,Director)	$0	$0
Michael A Varet (Vice President, Secretary)	$0	$0

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990-PF

Filed on May 14, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$58,351

Expenses

$41,055

Net Income

$17,296

Net Assets

$679,752

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$12,752	21.9%
Sales of Assets	$45,241	77.5%
Other Income	$358	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$35,767	87.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$679,753
Total Liabilities	$1
Net Assets	$679,752

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$43,217

Expenses

$34,037

Net Income

$9,180

Net Assets

$636,993

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$34,047	78.8%
Sales of Assets	$9,170	21.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,036	79.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$636,993
Total Liabilities	$0
Net Assets	$636,993

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Kona Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.1M (2023)

Expenses $66k (2023)

Total Assets $2.01M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$1.1M (2023)

Expenses

$66k (2023)

Total Assets

$2.01M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007