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Kavli Foundation

Organization summary

Type of Nonprofit

Designated as a 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.

Summary charts: organization finances over time

Revenue
$27.2M (2022)

Expenses
$25.5M (2022)

Total Assets
$588M (2022)

Total Liabilities
$86.9M (2022)

Source: Form 990 tax filings from 2011 to 2022

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.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$27,226,049
Expenses
$25,451,459
Net Income
$1,774,590
Net Assets
$501,426,135
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $5,031,462
18.5%
Sales of Assets $20,495,679
75.3%
Other Income $525,020
1.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $62,619,653
> 100%
Compensation of Officers* $1,618,785
6.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $588,327,587
Total Liabilities $86,901,452
Net Assets $501,426,135
Compensation
Key Employees and Officers Compensation Other
Cynthia Friend (President) $720,500 $28,198
Christopher Martin (Director, Physical S) $396,831 $47,275
Alice Galstian (Cfo/Vp Of Finance) $378,834 $52,003
Amy Bernard (Director, Life Scien) $318,333 $16,018
Brooke Smith (Director, Science &) $258,263 $41,068
Stacey Bailey (Director, Communicat) $256,000 $41,715
Ann Deno (Director, Human Reso) $240,000 $42,483
Rockell N Hankin (Chairman) $141,786 $0
Gunnar Nilsen (Director) $63,000 $0
Douglas K Freeman (Secretary) $40,356 $0
Emily Ann Carter (Director) $40,199 $0
Richard Meserve (Director) $38,203 $0
Shirley Malcolm (Director) $31,250 $0
Mary Sue Coleman (Director) $30,000 $0
Henry Yang (Director) $12,836 $0
Thomas E Everhart (Director) $9,250 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$63,900,227
Expenses
$48,985,003
Net Income
$14,915,224
Net Assets
$589,572,951
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $3,215,366
5.0%
Sales of Assets $59,509,867
93.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $37,811,998
77.2%
Compensation of Officers* $1,368,479
2.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $672,190,947
Total Liabilities $82,617,996
Net Assets $589,572,951
Compensation
Key Employees and Officers Compensation Other
Cynthia Friend (President) $611,278 $13,962
Alice Galstian (Cfo/Vp Of Finance) $336,167 $44,342
Eric Marshall (Director Of Prizes A) $286,498 $45,409
Michael Turner (Senior Strategic Adv) $262,889 $28,760
Christopher Martin (Director, Physical S) $261,345 $38,264
Stacey Bailey (Director, Communicat) $241,854 $37,654
Brooke Smith (Director, Public Eng) $236,038 $36,484
Rockell N Hankin (Chairman) $132,000 $0
Gunnar Nilsen (Director) $87,000 $0
Douglas K Freeman (Secretary) $38,000 $0
Richard Meserve (Director) $37,000 $0
Mary Sue Coleman (Director) $35,000 $0
Thomas E Everhart (Director) $34,000 $0
Henry Yang (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,680,027
Expenses
$49,100,967
Net Income
-$45,420,940
Net Assets
$569,631,368
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $629,005
17.1%
Sales of Assets $1,856,648
50.5%
Other Income $21,789
0.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $35,656,918
72.6%
Compensation of Officers* $1,796,751
3.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $637,506,324
Total Liabilities $67,874,956
Net Assets $569,631,368
Compensation
Key Employees and Officers Compensation Other
Robert Conn (President/Ceo) $851,550 $45,856
Brooke Smith (Director, Public Eng) $317,471 $35,954
Alice Galstian (Cfo/Vp Of Finance) $283,580 $63,905
Michael Turner (Senior Strategic Adv) $263,078 $27,625
Eric Marshall (Vp Public Engage & Prizes) $259,621 $50,416
Christopher Martin (Director, Physical S) $233,807 $37,816
Stacey Bailey (Director, Communicat) $228,588 $17,395
Caroline Montojo (Director, Life Scien) $208,793 $39,381
Kevin Moses (Vp Science Programs) $138,000 $32,765
Rockell N Hankin (Chairman) $76,000 $0
Douglas K Freeman (Secretary) $35,000 $0
Mary Sue Coleman (Director) $35,000 $0
Thomas E Everhart (Director) $31,000 $0
Richard Meserve (Director) $31,000 $0
Gunnar Nilsen (Director) $31,000 $0
Henry Yang (Director) $25,000 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$59,708,443
Expenses
$23,747,968
Net Income
$35,960,475
Net Assets
$609,306,647
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,203,875
2.0%
Sales of Assets $57,169,982
95.7%
Other Income $43,614
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $34,488,598
> 100%
Compensation of Officers* $2,012,879
8.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $660,487,921
Total Liabilities $51,181,274
Net Assets $609,306,647
Compensation
Key Employees and Officers Compensation Other
Robert Conn (President/Ceo) $713,555 $44,200
Kevin Moses (Vp Science Programs) $475,000 $61,660
Caroline A Montojo (Sr. Science Program) $296,563 $37,944
Eric Marshall (Vp Public Engage & Prizes) $279,167 $64,979
Alice Galstian (Cfo/Vp Of Finance) $268,750 $66,488
Christopher Martin (Sr. Science Program) $244,125 $41,239
Brooke Smith (Director Of Public E) $216,250 $36,420
David W Steuerman (Science Program Offi) $190,404 $27,301
Stephanie Albin (Science Program Offi) $166,625 $34,804
Rockell N Hankin (Chairman) $78,064 $0
Douglas K Freeman (Secretary) $40,873 $0
Mary Sue Coleman (Director) $40,873 $0
Richard Meserve (Director) $32,097 $0
Thomas E Everhart (Director) $31,000 $0
Gunnar Nilsen (Director) $31,000 $0
Henry Yang (Director) $22,500 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$30,590,807
Expenses
$45,322,180
Net Income
-$14,731,373
Net Assets
$563,813,831
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,247,180
7.3%
Interest Revenue $0
Dividends $675,137
2.2%
Sales of Assets $25,752,671
84.2%
Other Income $604,290
2.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $35,604,247
78.6%
Compensation of Officers* $1,516,597
3.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $630,199,731
Total Liabilities $66,385,900
Net Assets $563,813,831
Compensation
Key Employees and Officers Compensation Other
Robert Conn (President/Ceo) $660,480 $43,468
David Valentine (Cfo/Vp Of Finance) $249,450 $28,129
Eric Marshall (Vp Public Engage & Prizes) $242,396 $18,428
Brooke Smith (Director Of Public E) $230,529 $28,053
Christopher Martin (Interim Vp Of Scienc) $208,371 $36,746
James Cohen (Director Of Communic) $205,703 $43,361
David W Steuerman (Science Program Offi) $177,500 $25,607
Caroline A Montojo (Sr. Science Program) $176,667 $33,838
Alice Galstian (Cfo/Vp Of Finance) $97,436 $6,973
Rockell N Hankin (Chairman) $65,750 $0
Kevin Moses (Vp Science Programs) $41,835 $0
Douglas K Freeman (Secretary) $33,750 $0
Mary Sue Coleman (Director) $28,750 $0
Gunnar Nilsen (Director) $27,000 $0
Richard Meserve (Director) $25,500 $0
Thomas E Everhart (Director) $23,000 $0
Henry Yang (Director) $21,250 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$52,131,517
Expenses
$31,727,410
Net Income
$20,404,107
Net Assets
$593,144,885
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $7,627,453
14.6%
Interest Revenue $0
Dividends $476,545
0.9%
Sales of Assets $42,732,927
82.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $31,709,680
99.9%
Compensation of Officers* $1,110,227
3.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $652,144,820
Total Liabilities $58,999,935
Net Assets $593,144,885
Compensation
Key Employees and Officers Compensation Other
Robert Conn (President/Ceo) $635,556 $42,494
Miyoung Chun (Evp Of Science Progr) $437,759 $37,407
David Valentine (Cfo/Vp Of Finance) $253,300 $36,716
Eric Marshall (Vp Of Ppp) $227,207 $41,126
Christopher Martin (Science Program Offi) $206,515 $34,876
James Cohen (Director Of Communic) $184,605 $41,248
Nadine Stern (Kavli Prize Officer) $142,500 $39,284
Rockell N Hankin (Chairman) $68,500 $0
Douglas K Freeman (Secretary) $38,500 $0
Thomas E Everhart (Director) $31,000 $0
Richard Meserve (Director) $31,000 $0
Gunnar Nilsen (Director) $31,000 $0
Mary Sue Coleman (Director) $27,500 $0
Henry Yang (Director) $20,000 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$38,660,813
Expenses
$36,252,936
Net Income
$2,407,877
Net Assets
$557,626,180
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $24,716,172
63.9%
Interest Revenue $0
Dividends $1,115,602
2.9%
Sales of Assets $11,441,576
29.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $28,313,625
78.1%
Compensation of Officers* $1,029,899
2.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $617,810,139
Total Liabilities $60,183,959
Net Assets $557,626,180
Compensation
Key Employees and Officers Compensation Other
Robert Conn (President/Ceo) $587,807 $65,208
Miyoung Chun (Evp Of Science Progr) $317,461 $53,325
David Valentine (Cfo/Vp Of Finance) $196,592 $50,739
James Cohen (Director Of Communic) $178,893 $37,780
Christopher Martin (Science Program Offi) $168,954 $29,516
Eric Marshall (Vp Of Ppp) $154,718 $27,575
Nadine Stern (Kavli Prize Officer) $128,334 $30,486
Rockell N Hankin (Chairman) $67,000 $0
Douglas K Freeman (Secretary/ Director/Inv. Committee) $37,000 $0
Thomas E Everhart (Director/Investment Committee) $29,500 $0
Gunnar Nilsen (Director/ Investment Committee) $29,500 $0
Richard Meserve (Director/ Investment Committee) $28,000 $0
Mary Sue Coleman (Director) $27,500 $0
Henry Yang (Director) $17,500 $0
Corwin Corpuz (Investment Committee) $9,500 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$42,438,383
Expenses
$54,389,074
Net Income
-$11,950,691
Net Assets
$544,094,708
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $17,708,371
41.7%
Interest Revenue $0
Dividends $3,443,671
8.1%
Sales of Assets $18,104,457
42.7%
Other Income $487,030
1.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $18,138,321
33.3%
Compensation of Officers* $836,786
1.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $600,884,696
Total Liabilities $56,789,988
Net Assets $544,094,708
Compensation
Key Employees and Officers Compensation Other
Robert Conn (President And Ceo) $584,196 $44,512
Miyoung Chun (Vp Science Programs) $314,258 $26,247
James Cohen (Communications Direc) $174,781 $53,224
Christopher L Martin (Science Program Offi) $165,060 $32,080
Sharif Taha (Science Program Offi) $150,000 $31,118
Nadine Stern (Kavli Prize Program) $120,000 $29,389
Rockell N Hankin (Chairman) $68,500 $4,552
Douglas K Freeman (Secretary) $38,500 $0
Thomas E Everhart (Director) $31,000 $1,293
Gunnar Nilsen (Director) $28,000 $8,220
Mary Sue Coleman (Director) $27,500 $447
Richard Meserve (Director) $25,500 $3,743
David Valentine (Cfo/Vp Of Finance) $22,590 $8,897
Corwin Corpuz (Investment Committee) $11,000 $0
Henry Yang (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$96,345,038
Expenses
$17,605,451
Net Income
$78,739,587
Net Assets
$571,680,658
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $48,670,251
50.5%
Interest Revenue $0
Dividends $2,872,728
3.0%
Sales of Assets $39,966,371
41.5%
Other Income $117,633
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $12,726,863
72.3%
Compensation of Officers* $760,341
4.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $599,530,283
Total Liabilities $27,849,625
Net Assets $571,680,658
Compensation
Key Employees and Officers Compensation Other
Robert Conn (President And Ceo) $550,341 $3,348
Miyoung Chun (Vp Science Programs) $268,750 $16,813
James Cohen (Communications Direc) $169,841 $19,316
Christopher L Martin (Science Program Off) $144,510 $16,189
Nadine Stern (Executive Assistant) $100,667 $16,791
Rosendo Martin (Property Maintenance) $78,231 $18,239
Rockell N Hankin (Chairman) $68,500 $4,332
Douglas K Freeman (Secretary) $38,500 $3,476
Gunnar Nilsen (Director) $38,500 $4,848
Thomas E Everhart (Director) $31,000 $8,139
Mary Sue Coleman (Director) $15,000 $547
Corwin Corpuz (Investment Committee) $11,000 $0
Richard Meserve (Director) $7,500 $6,998
Henry Yang (Director) $0 $12,849

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$410,096,767
Expenses
$19,412,617
Net Income
$390,684,150
Net Assets
$539,418,010
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $383,999,362
93.6%
Interest Revenue $0
Dividends $2,247,948
0.5%
Sales of Assets $14,283,543
3.5%
Other Income $4,674,684
1.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,500,626
43.8%
Compensation of Officers* $541,077
2.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $568,142,109
Total Liabilities $28,724,099
Net Assets $539,418,010
Compensation
Key Employees and Officers Compensation Other
Robert Conn (President And Ceo) $497,077 $1,439
Miyoung Chun (Vp Science Programs) $217,500 $15,104
James Cohen (Communications Direc) $164,752 $17,628
Christopher L Martin (Science Program Off) $124,583 $24,965
Nadine Stern (Executive Assistant) $90,035 $16,296
Rosendo Martin (Property Maintenance) $76,255 $15,039
Thomas E Everhart (Director) $12,000 $3,456
Rockell N Hankin (Director) $12,000 $1,689
Douglas K Freeman (Secretary) $8,000 $0
Charles M Vest Phd (Director) $8,000 $199
Corwin Corpuz (Investment Committee) $4,000 $0
Fred Kavli (Chairman) $0 $0
Henry Yang (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$22,910,467
Expenses
$12,931,516
Net Income
$9,978,951
Net Assets
$140,736,953
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,500,000
45.8%
Interest Revenue $0
Dividends $2,482,552
10.8%
Sales of Assets $4,728,816
20.6%
Other Income $465,164
2.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,511,150
73.6%
Compensation of Officers* $501,625
3.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $162,441,971
Total Liabilities $21,705,018
Net Assets $140,736,953

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$20,374,181
Expenses
$15,549,927
Net Income
$4,824,254
Net Assets
$123,441,120
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $9,410,000
46.2%
Interest Revenue $0
Dividends $2,005,260
9.8%
Sales of Assets $4,927,043
24.2%
Other Income $226,584
1.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $7,914,818
50.9%
Compensation of Officers* $486,625
3.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $145,185,710
Total Liabilities $21,744,590
Net Assets $123,441,120

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Types of Nonprofits

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