KURT SUZUKI FAMILY FOUNDATION

EIN: 454602882 501(c)(3) Philanthropy & Grantmaking

REDONDO BEACH, CA

Total Revenue
$283,123
Total Expenses
$346,035
Total Assets
$20,939
Net Assets
$20,939
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
CA
Principal Officer
KURT SUZUKI
Phone
4155383600
Tax Period
2024-01-01 to 2024-12-31

KURT SUZUKI FAMILY FOUNDATION, founded in 2012, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $283K in total revenue in fiscal year 2024. Revenue surged 286% from the prior year, signaling strong growth momentum. Expenses of $346K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE SPECIFIC AND PRIMARY PURPOSES FOR THE KURT SUZUKI FAMILY FOUNDATION, ARE TO ENGAGE IN CHARITABLE AND EDUCATIONAL ACTIVITIES, INCLUDING BUT NOT LIMITED TO, FOSTERING NATIONAL AMATEUR SPORTS COMPETITION AND TO DEVELOP YOUNG INDIVIDUALS INTO SUCCESSFUL ATHLETES AND LEADERS WITH CHARACTER AND A DESIRE FOR EXCELLENCE, BOTH IN LIFE AND IN BASEBALL, BY FOCUSING ON FIVE CORE PRINCIPLES: SPORTSMANSHIP, RESPECT, PERSISTENCE, FELLOWSHIP AND LEADERSHIP; TO SUPPORT FAMILIES IN MAUI WHO HAVE SUFFERED FROM THE NATURAL DISASTER OF THE LAHAINA FIRES; TO COLLECT AND RECEIVE CONTRIBUTIONS AND TO DISPOSE OF FUNDS EXCLUSIVELY FOR CHARITABLE, LITERARY OR EDUCATIONAL PURPOSES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $283,025
Program Service Revenue $0
Investment Income $98
Other Revenue $0
TOTAL REVENUE $283,123

Expense Breakdown

Grants Paid $219,119
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $334,451
Other Expenses $126,916
TOTAL EXPENSES $346,035

Year-over-Year Comparison

2024 2023 Change
Revenue $283,123 $73,294 +2.9%
Expenses $346,035 $12,985 +25.6%
Net Income $-62,912 $60,309 -2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KURT SUZUKI DIRECTOR/PRESIDENT 5.00
Officer Director
$0 $0 $0
RENEE SUZUKI DIRECTOR/TREASURER 5.00
Officer Director
$0 $0 $0
KIMBERLY CROSSETT SECRETARY 1.00
Officer 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 $283,123 $346,035 $20,939 $-62,912
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