2024-10-20T06:38:45-00:00 2023-12-31 822851604 SECHLER MORGAN CPAS PLLC 2418 W BARROW DRIVE CHANDLER AZ 85224 990 2023-01-01 271302780 K2 ADVENTURES FOUNDATION K2AD 4807972950 14354 N FRANK LLOYD WRIGHT BLVD STE SCOTTSDALE AZ 85260 KRISTEN SALCITO BROTZ CEO 4807972950 2024-10-10 true KRISTINA MORGAN CPA P01370742 6022302700 2024-09-24 2023 2024-10-15 13:58:12Z KRISTEN SALCITO BROTZ 14354 N Frank Lloyd Wright Blvd Scottsdale AZ 85260 1709777 false X K2ADVENTURES.ORG X 2009 AZ 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. 19 16 4 75 0 1649928 1321504 0 1601 9452 -66764 -84194 1584765 1246762 741562 607806 0 273115 317524 0 133266 384534 259767 1399211 1185097 185554 61665 710919 848042 32980 97158 677939 750884 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. false false 908056 607806 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. 908056 true true false false false false false false true true true false false true true true true false false false true true true false true false false true false false false false false false false false false true true false false false false false false false false true 7 0 true 4 true false false false false false true true false false false false false false X 19 16 true false false false false false false true true false false true true true true true true true false false X Kelly Michael 4807972950 14354 N Frank Lloyd Wright Blvd Scottsdale AZ 85260 KRISTEN SALCITO-BROTZ CEO 040.00 X X 105761 0 0 KEVIN CHERILLA PRESIDENT 040.00 X X 89402 0 0 KELLY MICHAEL CFO 040.00 X X 56594 0 1698 TERRI NESSER SECRETARY 020.00 X 0 0 0 BOBBI CHAWLA DIRECTOR 002.00 X 0 0 0 RAHUL CHAWLA DIRECTOR 002.00 X 0 0 0 BLAIR SINGER DIRECTOR 002.00 X 0 0 0 DANIELLE MERRILL DIRECTOR 002.00 X 0 0 0 DARLENE RICHERT DIRECTOR 002.00 X 0 0 0 ELIZABETH KATZMAN DIRECTOR 002.00 X 0 0 0 EVA HILTON DIRECTOR 002.00 X 0 0 0 HEATHER IORILLO DIRECTOR 002.00 X 0 0 0 JOHN IORILLO DIRECTOR 002.00 X 0 0 0 KELLY RICHARDSON DIRECTOR 002.00 X 0 0 0 MARIA MIHALETOS DIRECTOR 002.00 X 0 0 0 SHAHEEN NEIL DIRECTOR 002.00 X 0 0 0 SUSAN STUART DIRECTOR 002.00 X 0 0 0 TIM STUART DIRECTOR 002.00 X 0 0 0 TOSHIKO TAKAGAKI DIRECTOR 002.00 X 0 0 0 251757 1698 1 false false false 461024 860480 117503 1321504 9598 9598 153772 153918 -146 -146 -146 224903 461024 309097 -84194 -84194 1246762 -74742 121782 121782 312112 312112 173912 173912 0 253455 115550 75345 62560 0 41601 18966 12367 10268 0 0 22468 10243 6679 5546 0 2885 2885 13320 13320 0 745 745 34519 34519 21801 21801 21050 3043 4025 13982 30063 7516 15031 7516 0 32363 14754 9621 7988 5929 2703 1763 1463 0 0 0 0 3354 1529 997 828 3355 1530 997 828 FOREIGN ACTIVTY PROGRAM EXPENSES 70342 70342 DOMESTIC ACTIVITY PROGRAM EXPENSES 19555 19555 DONOR APPRECIATION 486 486 0 1185097 908056 143775 133266 589537 311596 2670 9600 6660 1086 13228 12238 4344 990 47180 404812 60528 119958 710919 848042 8728 11348 24252 85810 32980 97158 X 205139 231292 472800 519592 677939 750884 710919 848042 61665 11280 X false true X false false X 1298102 1316479 961181 1649928 1321504 6547194 1298102 1316479 961181 1649928 1321504 6547194 1133266 5413928 8563 8698 798 9598 27657 6574851 0.82340 0.83660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 472800 490397 443605 519592 83173 771961 382334 472800 116848 194354 228029 83173 29784 299836 212772 116848 46756 181823 198795 29784 1.00000 false false 13228 12238 990 990 Financial derivatives and other financial products Closely-held equity interests SECURITY DEPOSIT 38983 FACILITY RIGHT OF USE 80975 119958 Federal income taxes LEASE LIABILITY 85810 85810 X 1260297 11280 3000 14280 1246017 745 745 1246762 1187352 3000 3000 1184352 745 745 1185097 IV 4 THE ORGANIZATION HAS DONOR RESTRICTED / TEMPORARILY RESTRICTED NET ASSETS, THAT ARE RESTRICTED FOR THE FOLLOWING PURPOSES WHITE HAT PROGRAM, STRENGHT TO THRIVE PROGRAM, LOCAL SCHOLARSHIP FUND, AND PROSTHETIC CENTER IN TANZANIA. X 2 MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY INCOME TAX POSITIONS TAKEN, AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. true South Asia Grantmaking-Humanitarian aid Grants 15000 Sub-Saharan Africa Grantmaking - Scholarships Grants 57476 South America Grantmaking - Orphanage support Grants 61283 South Asia Grantmaking - Prosthetic center support Grants 22900 North America Grantmaking - Medical support Grants 17253 Central America and the Caribbean Program Services Medical mission 4511 Sub-Saharan Africa Program Services Medical mission 65831 244254 244254 South Asia Humanitarian aid 15000 Wire Sub-Saharan Africa Orphanage support 61283 Wire Sub-Saharan Africa Prosthetic center support 22900 Medical supplies FMV 3 Scholarships Sub-Saharan Africa 34 57476 Wire Medical support South America 15 17253 Medical supplies FMV false false false false false false Part I Line 2 K2 ADVENTURES FOUNDATION MONITORS THE USE OF GRANT FUNDS BY 1 DIRECTLY PURCHASING OR MAKING PAYMENTS TO PROVIDERS OF GOODS AND SERVICES IN MANY INSTANCES AND 2 BY PARTICIPATING DIRECTLY IN EVENTS THAT WE SPONSOR AND 3 FOLLOWING UP WITH ORGANIZATIONS AND GETTING VERIFICATION OF THE USE OF FUNDS AS STIPULATED BY THE AWARD. WE CONTINUED OUR GLOBAL EDUCATION PROGRAM IN TANZANIA, AFRICA THAT PROVIDES FURTHER EDUCATION FOR YOUTH TO ATTEND PRIVATE SCHOOLS AFTER COMPLETING REQUIREMENTS IN THE PUBLIC SCHOOL. THIS GIVES STUDENTS THE OPPORTUNITY TO LEARN ENGLISH, FURTHER THEIR STUDIES IN INDIVIDUAL PROGRAMS AND REACH BEYOND THE PUBLIC-SCHOOL RUN BY THE GOVERNMENT. THESE STUDENTS ARE COLLEGE BOUND OR TRADE SCHOOL BOUND AND WANT TO BECOME LEADERS IN THEIR COMMUNITIES. FOR GLOBAL EDUCATION AWARDS, EACH STUDENT IS RESPONSIBLE FOR COMPLETING A PARTICIPANT APPLICATION WHICH PROVIDES ALL OF THE INFORMATION REGARDING THE EDUCATIONAL PROGRAM THEY WILL BE ENROLLING IN. PARTICIPANT APPLICATIONS ARE THEN REVIEWED BY OUR PROGRAM DIRECTORS AND AWARDS ARE MADE BASED ON FUNDS AVAILABLE. Part I Line 3 K2 ADVENTURES FOUNDATION REPORTS ALL EXPENDITURES BASED ON THE ACCRUAL METHOD OF ACCOUNTING. Part II Line 1 K2 ADVENTURES FOUNDATION REPORTS ALL EXPENDITURES BASED ON THE ACCRUAL METHOD OF ACCOUNTING. Part III Line 1 THE NUMBER OF INDIVIDUALS ASSISTED WITH EDUCATIONAL SCHOLARSHIPS DURING THE YEAR WAS ESTIMATED BY COMPILING THE TOTAL OF FULFILLED INDIVIDUAL APPLICATIONS. Masquerade 434040 273515 160525 74039 690 6500 126133 Summer City 226457 170929 55528 36911 751 5000 49005 1 25430 16580 8850 9142 926 685927 461024 224903 120092 1441 11500 176064 309097 -84194 Part II Line 9 MASQUERADE OTHER DIRECT EXPENSES OF 126,133 - AUCTION COST OF GOODS SOLD 102,175, SUPPLIES, DECOR, AND PROMOTIONAL ITEMS - 23,958 SUMMER CITY OTHER DIRECT EXPENSES OF 49,005 - AUCTION COST OF GOODS SOLD 22,328, AUCTION EXPENSES 3,301, SUPPLIES, DECOR, AND PROMOTIONAL ITEMS 23,376 GOLF OTHER DIRECT EXPENSES OF 926 ARE ALL SUPPLIES. true Adventures in Training 7000 Stonewood Dr Ste 115 Wexford PA 15090 810727808 501c3 16700 Support operations Hope Kids PO Box 28471 Scottsdale AZ 85255 861042378 501c3 11557 Support operations Elevate Phoenix 3750 W Indian School Rd Phoenix AZ 85019 900451740 501c3 10900 Support operations Valleywise Health 2901 E Camelback Rd Ste 202 Phoenix AZ 85016 861042378 501c3 10000 Support operations Blacktie LLC 20 North Martingale Rd Ste180 Schaumburg IL 60173 860903119 501c3 8000 Support operations Serve the Future 1139 E Paseo Way Phoenix AZ 85042 881691936 501c3 5500 Support operations Others under threshold 501c3 59125 Support operations 30 Educational/Vocational Scholarships 5 10000 Humanitarian Aid Food, Water, Clothing, Personal items, etc. 305 30491 Medicine/Medical Equipment 140 271621 Part I Line 1 THROUGH OUR K2 ADVENTURES FOUNDATION WEBSITE, APPLICANTS CAN COMPLETE AND SUBMIT AWARD AND GRANT APPLICATIONS. OUR AWARDS AND GRANT COMMITTEE THEN MEETS QUARTERLY AND THOROUGHLY READS AND RESEARCHES EACH APPLICATION AND SOLICITS ADDITIONAL INFORMATION IF NEEDED. EACH APPLICATION IS THEN EVALUATED BY THE COMMITTEE AS TO ITS WORTHINESS AND AWARDS ARE MADE BASED ON THE AMOUNT OF FUNDS AVAILABLE FOR DISBURSEMENT AT THAT TIME. Part I Line 2 K2 ADVENTURES FOUNDATION MONITORS THE USE OF GRANT FUNDS BY 1 DIRECTLY PURCHASING OR MAKING PAYMENTS TO PROVIDERS OF GOODS AND SERVICES IN MANY INSTANCES AND 2 BY PARTICIPATING DIRECTLY IN EVENTS THAT WE SPONSOR AND 3 FOLLOWING UP WITH ORGANIZATIONS AND GETTING VERIFICATION OF THE USE OF FUNDS AS STIPULATED BY THE AWARD. Part III Line 1 THE NUMBER OF INDIVIDUALS ASSISTED DURING THE YEAR WAS ESTIMATED BY COMPILING THE TOTAL OF FULFILLED INDIVIDUAL APPLICATIONS. RESULTS ONLY FITNESS OWNED BY BOARD 54962 FITNESS SERVICES false Part IV Line 1 RESULTS ONLY FITNESS IS OWNED BY BOARD MEMBER BOBBY KELLY AND OFFICER KELLY MICHAEL. RATES FOR SERVICES ARE PAID AT FAIR MARKET VALUE AND THE BOARD IS AWARE OF THE OWNERSHIP AND MONITORS THE COSTS ASSOCIATED WITH THE SERVICES PROVIDED. X 1 1442 FMV X AUCTION ITEMS 70 116061 FMV false true false Part I Line 19 25 ORGANIZATION IS REPORTING THE NUMBER OF ITEMS ON COLUMN D. Form 990, Part VI, Section B, Line 2 1 DIRECTOR JOHN IORILLO AND DIRECTOR HEATHER IORILLO ARE RELATED AS DEFINED BY THE IRS DEFINITION OF A FAMILY RELATIVE. 2 DIRECTOR DR. RAHUL CHAWLA AND DIRECTOR BOBBI CHAWLA ARE RELATED AS DEFINED BY THE IRS DEFINITION OF A FAMILY RELATIVE. 3 BOARD PRESIDENT KEVIN CHERILLA AND BOARD CEO KRISTEN SALCITO-BROTZ HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE ORGANIZATION. 4 BOARD TREASURER KELLY MICHAEL AND DIRECTOR BOBBY KELLY HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE ORGANIZATION. 5 DIRECTORS SUSAN STUART AND TIM STUART ARE RELATED AS DEFINED BY THE IRS DEFINITION OF A FAMILY RELATIVE. Form 990, Part VI, Section B, Line 11b THE CFO OF THE ORGANIZATION DISTRIBUTES A PDF COPY OF THE 990 RETURN TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT PRIOR TO FILING. Form 990, Part VI, Section B, Line 12c AT EACH BOARD AND COMMITTEE MEETING, IF THERE IS A DISCUSSION OF SELECTING OR ENGAGING A VENDOR OR SERVICE PROVIDER, ALL IN ATTENDANCE ARE ASKED TO RECUSE THEMSELVES FROM THIS DISCUSSION IF THERE COULD BE A PERCEIVED CONFLICT. ANNUALLY, THE ORGANIZATION REVIEWS AND DISCUSSES THE CONFLICT OF INTEREST POLICY AND REQUESTS THAT EACH BOARD MEMBER LIST AND ACKNOWLEDGE ANY KNOWN CONFLICTS. Form 990, Part VI, Section B, Line 15 THE EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION FOR THE PRESIDENT AND VICE PRESIDENT BY COMPARING THEIR COMPENSATION TO THE COMPENSATION OF INDIVIDUALS IN LIKE POSITIONS, IN COMPARABLE ORGANIZATIONS USING FORMS 990, COMPENSATION STUDIES, AND OTHER AVAILABLE DATA. THE COMMITTEE THEN APPROVES ANY CHANGES IN COMPENSATION BASED ON THIS INFORMATION. THE ORGANIZATION HAS NO OTHER PAID OFFICERS OR EMPLOYEES MEETING THE IRS DEFINITION OF A KEY EMPLOYEE. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION WILL PROVIDE, IN A TIMELY MANNER, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS, INCLUDING ITS CONFLICT OF INTEREST POLICY, WHEN REQUESTED IN WRITING OR IN PERSON.