K2 ADVENTURES FOUNDATION

EIN: 271302780 501(c)(3) Youth Development

SCOTTSDALE, AZ

Total Revenue
$1,246,762
Total Expenses
$1,185,097
Total Assets
$848,042
Net Assets
$750,884
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
AZ
Principal Officer
KRISTEN SALCITO BROTZ
Phone
4807972950
Tax Period
2023-01-01 to 2023-12-31

K2 ADVENTURES FOUNDATION, founded in 2009, is a community nonprofit in the Youth Development sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $1.2M left a modest 5% surplus.

Mission

TO CARE FOR CHILDREN, ADULTS, AND FAMILIES WITH SPECIAL NEEDS AND/OR LIFE CHANGING MEDICAL CIRCUMSTANCES BY PROVIDING SERVICES, SUPPORT, AND FUNDS THAT WILL BE USED FOR EDUCATIONAL AND MEDICAL ENRICHMENT.

Program Service Accomplishments

Program 1
Expenses: $908,056

IN 2023 K2 ADVENTURES FOUNDATION CONTINUED TO BE A PHILANTHROPIC LEADER BOTH IN OUR LOCAL ARIZONA COMMUNITY AS WELL AS INTERNATIONALLY. WE RAN NUMEROUS LOCAL PROGRAMS WHICH SERVE INDIVIDUALS IN NEED...

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IN 2023 K2 ADVENTURES FOUNDATION CONTINUED TO BE A PHILANTHROPIC LEADER BOTH IN OUR LOCAL ARIZONA COMMUNITY AS WELL AS INTERNATIONALLY. WE RAN NUMEROUS LOCAL PROGRAMS WHICH SERVE INDIVIDUALS IN NEED IN A VARIETY OF DIFFERENT WAYS. K2 FIT AND WELL, K2 FOOD FOR FAMILIES, K2 KITCHENS, AND K2 CRAFTS CONTINUED TO SUPPORT THOSE IN NEED. OUR LARGEST PROGRAM, K2 STRENGTH TO THRIVE, DESIGNED TO ADDRESS THE GROWING NEED FOR MENTAL AND BEHAVIORAL HEALTH AND SUPPORT IN ARIZONA GREW TREMENDOUSLY SINCE ITS INCEPTION IN 2022. WE WORKED TO ADDRESS THE SEVERE NEED FOR SUPPORT WITH FOOD SHORTAGES THROUGH OUR K2 FOOD FOR FAMILIES PROGRAM. WE ALSO AWARDED GRANTS TO NUMEROUS INDIVIDUALS AND FAMILIES WHO EXHIBITED THE NEED FOR MEDICAL EQUIPMENT OR FINANCIAL SUPPORT.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,321,504
Program Service Revenue $0
Investment Income $9,452
Other Revenue $-84,194
TOTAL REVENUE $1,246,762

Expense Breakdown

Grants Paid $607,806
Salaries & Benefits $317,524
Fundraising Expenses $133,266
Program Expenses $908,056
Other Expenses $259,767
TOTAL EXPENSES $1,185,097

Year-over-Year Comparison

2023 2022 Change
Revenue $1,246,762 $1,584,765 -0.2%
Expenses $1,185,097 $1,399,211 -0.2%
Net Income $61,665 $185,554 -0.7%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
19
Independent Members
16
Employees
4
Volunteers
75

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$253,455
Total Directors
19
$253,455
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTEN SALCITO-BROTZ CEO 040.00
Officer Director
$105,761 $0 $105,761
KEVIN CHERILLA PRESIDENT 040.00
Officer Director
$89,402 $0 $89,402
KELLY MICHAEL CFO 040.00
Officer Director
$56,594 $1,698 $58,292
TERRI NESSER SECRETARY 020.00
Director
$0 $0 $0
BOBBI CHAWLA DIRECTOR 002.00
Director
$0 $0 $0
RAHUL CHAWLA DIRECTOR 002.00
Director
$0 $0 $0
BLAIR SINGER DIRECTOR 002.00
Director
$0 $0 $0
DANIELLE MERRILL DIRECTOR 002.00
Director
$0 $0 $0
DARLENE RICHERT DIRECTOR 002.00
Director
$0 $0 $0
ELIZABETH KATZMAN DIRECTOR 002.00
Director
$0 $0 $0
EVA HILTON DIRECTOR 002.00
Director
$0 $0 $0
HEATHER IORILLO DIRECTOR 002.00
Director
$0 $0 $0
JOHN IORILLO DIRECTOR 002.00
Director
$0 $0 $0
KELLY RICHARDSON DIRECTOR 002.00
Director
$0 $0 $0
MARIA MIHALETOS DIRECTOR 002.00
Director
$0 $0 $0
SHAHEEN NEIL DIRECTOR 002.00
Director
$0 $0 $0
SUSAN STUART DIRECTOR 002.00
Director
$0 $0 $0
TIM STUART DIRECTOR 002.00
Director
$0 $0 $0
TOSHIKO TAKAGAKI DIRECTOR 002.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,246,762 $1,185,097 $848,042 $61,665
2022 $1,584,765 $1,399,211 $710,919 $185,554
2021 $957,191 $1,147,623 $505,481 $-190,432
2020 $1,282,633 $1,011,401 $690,577 $271,232
2019 $1,208,120 $1,092,023 $429,705 $116,097
2018 $893,912 $811,807 $323,655 $82,105
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