Kelvin Foundation

Los Altos, CA
Tax-exempt since July 2000
EIN: 77-0528782

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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 Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$53.7k (2024)

Expenses

$241k (2024)

Total Assets

$7.08M (2024)

Total Liabilities

$5.2k (2024)

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Revenue

$53,677

Expenses

$241,113

Net Income

-$187,436

Net Assets

$7,077,261

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$896	1.7%
Dividends	$224,515	> 100%
Sales of Assets	-$171,734
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$186,574	77.4%
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	$7,082,465
Total Liabilities	$5,204
Net Assets	$7,077,261

Compensation

Key Employees and Officers	Compensation	Other
Mary Bechmann (President)	$0	$0
Carol Olsen (Director)	$0	$0
Dare Ventresca (Director)	$0	$0
Guyan Tigha (Director)	$0	$0

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990-PF

Filed on Nov. 17, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$188,715

Expenses

$474,607

Net Income

-$285,892

Net Assets

$7,269,990

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$597	0.3%
Dividends	$215,233	> 100%
Sales of Assets	-$27,115
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$418,005	88.1%
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	$7,277,494
Total Liabilities	$7,504
Net Assets	$7,269,990

Compensation

Key Employees and Officers	Compensation	Other
Mary Bechmann (President)	$0	$0
Carol Olsen (Director)	$0	$0
Dare Ventresca (Director)	$0	$0
Guyan Tigha (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$278,314

Expenses

$720,600

Net Income

-$442,286

Net Assets

$7,573,237

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$365	0.1%
Dividends	$201,303	72.3%
Sales of Assets	$76,646	27.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$657,431	91.2%
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	$7,593,566
Total Liabilities	$20,329
Net Assets	$7,573,237

Compensation

Key Employees and Officers	Compensation	Other
Mary Bechmann (President)	$0	$0
Carol Olsen (Director)	$0	$0
Dare Ventresca (Director)	$0	$0
Guyan Tigha (Director)	$0	$0

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990-PF

Filed on Nov. 15, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$447,579

Expenses

$502,796

Net Income

-$55,217

Net Assets

$7,938,385

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$113,068	25.3%
Interest Revenue	$118	0.0%
Dividends	$209,278	46.8%
Sales of Assets	$125,115	28.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$443,481	88.2%
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	$7,938,385
Total Liabilities	$0
Net Assets	$7,938,385

Compensation

Key Employees and Officers	Compensation	Other
Mary Bechmann (President)	$0	$0
Carol Olsen (Director)	$0	$0
Dare Ventresca (Director)	$0	$0
Guyan Tigha (Director)	$0	$0

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990-PF

Filed on Nov. 15, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$337,369

Expenses

$496,686

Net Income

-$159,317

Net Assets

$7,994,387

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$82	0.0%
Dividends	$196,769	58.3%
Sales of Assets	$140,518	41.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$431,258	86.8%
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	$7,994,388
Total Liabilities	$1
Net Assets	$7,994,387

Compensation

Key Employees and Officers	Compensation	Other
Mary Bechmann (President)	$0	$0
Carol Olsen (Director)	$0	$0
Dare Ventresca (Director)	$0	$0
Guyan Tigha (Director)	$0	$0

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990-PF

Filed on Nov. 16, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$394,933

Expenses

$352,724

Net Income

$42,209

Net Assets

$8,062,382

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$811	0.2%
Dividends	$226,648	57.4%
Sales of Assets	$167,474	42.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$287,665	81.6%
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	$8,063,299
Total Liabilities	$917
Net Assets	$8,062,382

Compensation

Key Employees and Officers	Compensation	Other
Mary Bechmann (President)	$0	$0
Carol Olsen (Director)	$0	$0
Dare Ventresca (Director)	$0	$0
Guyan Tigha (Director)	$0	$0

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990-PF

Filed on Nov. 20, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$4,367,145

Expenses

$207,900

Net Income

$4,159,245

Net Assets

$8,019,878

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,816,558	87.4%
Interest Revenue	$378	0.0%
Dividends	$150,612	3.4%
Sales of Assets	$399,597	9.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$171,606	82.5%
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	$8,019,878
Total Liabilities	$0
Net Assets	$8,019,878

Compensation

Key Employees and Officers	Compensation	Other
Mary Bechmann (President)	$0	$0
Carol Olsen (Director)	$0	$0
Dare Ventresca (Director)	$0	$0
Guyan Tigha (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$432,853

Expenses

$275,482

Net Income

$157,371

Net Assets

$3,861,540

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$58	0.0%
Dividends	$89,668	20.7%
Sales of Assets	$343,127	79.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$238,910	86.7%
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	$3,905,710
Total Liabilities	$44,170
Net Assets	$3,861,540

Compensation

Key Employees and Officers	Compensation	Other
Albert Yu (Chairman)	$0	$0
Mary Bechmann (President)	$0	$0

990-PF

Filed on Nov. 15, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$120,008

Expenses

$106,042

Net Income

$13,966

Net Assets

$3,702,955

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$22	0.0%
Dividends	$93,391	77.8%
Sales of Assets	$26,595	22.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$85,051	80.2%
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	$3,702,955
Total Liabilities	$0
Net Assets	$3,702,955

Compensation

Key Employees and Officers	Compensation	Other
Albert Yu (Chairman)	$0	$0
Mary Bechmann (President)	$0	$0

990-PF

Filed on Sept. 8, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$350,520

Expenses

$263,919

Net Income

$86,601

Net Assets

$3,681,319

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$33	0.0%
Dividends	$71,952	20.5%
Sales of Assets	$278,535	79.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$160,710	60.9%
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	$3,681,319
Total Liabilities	$0
Net Assets	$3,681,319

Compensation

Key Employees and Officers	Compensation	Other
Albert Yu (Chairman)	$0	$0
Mary Bechmann (President)	$0	$0

990-PF

Filed on Nov. 15, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$3,507,774

Expenses

$148,300

Net Income

$3,359,474

Net Assets

$3,594,718

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$9,798	0.3%
Interest Revenue	$424	0.0%
Dividends	$149,814	4.3%
Sales of Assets	$3,347,738	95.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$120,035	80.9%
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	$3,594,718
Total Liabilities	$0
Net Assets	$3,594,718

Compensation

Key Employees and Officers	Compensation	Other
Albert Yu (Chairman)	$0	$0
Mary Bechmann (President)	$0	$0

990-PF

Filed on May 26, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$257,815

Expenses

$248,570

Net Income

$9,245

Net Assets

$235,244

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$17,477	6.8%
Interest Revenue	$93	0.0%
Dividends	$119,254	46.3%
Sales of Assets	$120,991	46.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$249,830	> 100%
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	$235,244
Total Liabilities	$0
Net Assets	$235,244

Compensation

Key Employees and Officers	Compensation	Other
Albert Yu (Chairman)	$0	$0
Mary Bechmann (President)	$0	$0

990-PF

Filed on May 15, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$104,586

Expenses

$291,390

Net Income

-$186,804

Net Assets

$225,998

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,055	3.9%
Interest Revenue	$107	0.1%
Dividends	$100,323	95.9%
Sales of Assets	$101	0.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$283,242	97.2%
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	$225,999
Total Liabilities	$1
Net Assets	$225,998

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$242,568

Expenses

$251,664

Net Income

-$9,096

Net Assets

$412,802

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$9,007	3.7%
Interest Revenue	$334	0.1%
Dividends	$85,670	35.3%
Sales of Assets	$147,557	60.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$247,085	98.2%
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	$412,803
Total Liabilities	$1
Net Assets	$412,802

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Kelvin Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $53.7k (2024)

Expenses $241k (2024)

Total Assets $7.08M (2024)

Total Liabilities $5.2k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

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

Revenue

$53.7k (2024)

Expenses

$241k (2024)

Total Assets

$7.08M (2024)

Total Liabilities

$5.2k (2024)

Fiscal Year Ending Dec.
2024

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

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001