2025-10-22T15:28:41-04:00 2024-12-31 VBC & Company CPA's PC 97 Cedar Grove Lane Suite 202 Somerset NJ 08873 990 2024-01-01 843570333 KYLE KUZMA FOUNDATION INC % MUNISH SOOD KYLE 2157404267 17 MAIN ST STE 404 ROBBINSVILLE NJ 08691 MUNISH SOOD DIRECTOR 6099337246 2025-05-15 true 2024 2025-03-06 01:10:19Z MUNISH SOOD 17 MAIN ST STE 404 ROBBINSVILLE NJ 08691 1282687 false X https://kk-foundation.netlify.app X 2019 NJ The Kyle Kuzma Foundation is nonprofit organization which is focused on sports, education and life lessons to change lives of children and young adults. 3 3 0 0 99507 179468 0 1097689 0 5530 0 0 99507 1282687 227750 276350 0 0 0 0 0 0 0 46483 335677 274233 612027 -174726 670660 53612 608272 200000 604105 -146388 4167 THE KYLE KUZMA FOUNDATION IS NONPROFIT ORGANIZATION WHICH IS FOCUSED ON SPORTS, EDUCATION AND LIFE LESSONS TO CHANGE LIVES OF CHILDREN AND YOUNG ADULTS. THE FOUNDATION'S MISSION IS TO OFFER EDUCATIONAL AND ATHLETIC INSTRUCTION, WITH A PARTICULAR FOCUS ON THOSE ATTENDING SCHOOLS LOCATED IN CITIES THAT ARE UNDERSERVED false false 609366 276349 1277156 The Kyle Kuzma Foundation is nonprofit organization which is focused on sports, education and life lessons to change lives of children and young adults. The foundation's mission is to offer educational and athletic instruction, with a particular focus on those attending schools located in cities that are underserved. The Kyle Kuzma Foundation organized an inaugural golf foundation event in September 2024. The funds raised are and will be used in accordance with the foundations goals of helping single mothers (and children) and other projects that benefit local communities around the country. 609366 true true false false false false false false false false false false false true true false false false false false false false false false false false false true false false false false false true false false false false false false false false false false false false false false 14 0 0 false false false false false false false false false false false false false false false false false X 3 3 false false false false false false false true true true false true false false false false false false NJ X MUNISH SOOD 6099337246 17 MAIN ST STE 404 ROBBINSVILLE NJ 08691 MUNISH SOOD DIRECTOR/TRUSTEE 5.0 0.0 X 0 0 0 KARRI KUZMA PRESIDENT 40.0 0.0 X X 0 0 0 Alicia Carroll SECRETARY 2.0 0.0 X 0 0 0 0 0 0 0 false false false 0 179468 179468 EVENT INCOME 1097689 1097689 1097689 5530 5530 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1282687 1103219 276350 276350 0 0 0 0 0 0 0 0 0 0 0 500 500 0 0 0 0 0 1600 1600 0 0 0 0 31064 31064 0 0 0 0 0 0 REGISTRATION FEES 0 BANK SERVICE CHARGES 70 70 OUTSIDE CONTRACT SERVICES 0 OFFICE SUPPLIES 661 661 301782 300352 1430 612027 609366 2661 0 28612 558272 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25000 50000 53612 608272 0 520105 0 0 0 0 0 0 0 0 0 0 0 0 0 0 200000 84000 200000 604105 X 0 0 0 0 -146388 4167 -146388 4167 53612 608272 X 670660 -520105 X X false true X true false X 69281 35000 200000 99507 1277156 1680944 0 0 69281 35000 200000 99507 1277156 1680944 0 1680944 5530 5530 0 0 1686474 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED INVESTMENT- DRINK BARCODE 25000 INVESTMENT- RITHMM INC 25000 50000 0 LOAN FROM KYLE KUZMA 84000 84000 YMCA of Greater Flint 411 E 3rd Street FLINT MI 48503 381358056 200500 2022 DOWNTOWN CAPITAL CAMPAIGN Single Mothers 17 MAIN ST STE 404 ROBBINSVILLE NJ 08691 28902 CHARITABLE PURPOSE The Foundation for MCC 1401 E Court Street Flint MI 48503 382673057 31948 CHARITABLE PURPOSE Lifedriven Foundation Inc 20761 Plummer Street Chatsworth CA 91311 061789197 10000 CHARITABLE PURPOSE Kyle Kuzma RELATED PARTY INFUSION OF FUNDS X 200000 84000 false true true 84000 FORM 990, PART VI THE FOLLOWING CANNOT BE REACHED AT THE ORGANIZATION'S MAILING ADDRESS: NAME: KARRI L KUZMA TITLE: DIRECTOR AVAILABLE AT: 1213 HUNTERS RUN DRIVE GRAND BLANC, MI 48439 FORM 990, PART III, 4a The Kyle Kuzma Foundation organized an inaugural golf foundation event in September 2024. The funds raised are and will be used in accordance with the foundations goals of helping single mothers (and children) and other projects that benefit local communities around the country. FORM 990, PART X,LN 17B & PART XI LINE 9 BALANCE SHEET: ACCOUNTS PAYABLE AND OTHER CHANGES IN FUND BALANCE ACCOUNT PAYABLE: $520,105 As of December 31, 2024, the Organization made an unconditional commitment to provide a grant of $ 200,000 annually for the next three years to YMCA of greater Flint. The payments are due at the end of each calendar year from 2025 through 2027. In accordance with ASC 958-720, the Company has recognized the total pledge at the present value of future cash flows, using a discount rate of 5%. The total grant commitment of $ 600,000 has been recorded at present value as grant expense with a corresponding liability for grants payable at $520,105 for the year ended December 31, 2024. The liability will be accreted to its full amount over the three-year payment period. As at December 31, 2024, future commitment pertaining to grants payable consisted of the following: Year Of Payment Amount due Present value 2025 $ 200,000 $ 186,047 2026 $ 200,000 $173,067 2027 $200,000 $160,991 Total $ 600,000 $ 520,105 THE ACCRUED GRANTS OF $520,105 HAS NOT BEEN TAKEN ON FORM 990, PART I, LN 13 AND SO REPORTED AS CHANGES IN FUND BALANCE ON PART XI LINE 9. FORM 990, PART XII, LN 1 THE NON PROFIT ORGANIZATIONS IN NEW JERSEY WITH GROSS REVENUES EXCEEDING $1,000,000 ARE REQUIRED TO UNDERGO AN INDEPENDENT FINANCIAL AUDIT. AS THE AUDITED FINANCIALS ARE ON ACCRUAL BASIS AND TO MATCH TAX AND AUDITED STATEMENT, THE ORGANIZATIONS HAS CHANGED THE ACCOUNTING METHOD EFFECTIVE JANUARY 1, 2024 THE FORM 3115- APPLICATION FOR CHANGE IN ACCOUNTING IS FILED WITH THE FILING OF FORM 990 AS WELL AS MAILING IT TO IRS. FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:POSTAGE, MAILING SERVICE TOTAL EXPENSES:180 PROGRAM SERVICES:180 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:PRINTING TOTAL EXPENSES:143 PROGRAM SERVICES:143 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:PHOTOGRAPHY TOTAL EXPENSES:1875 PROGRAM SERVICES:1875 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:STATE FILING FEES FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:PROFESSIONAL FEES TOTAL EXPENSES:100460 PROGRAM SERVICES:99200 MANAGEMENT AND GENERAL:1260 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:TOY PURCHASE FOR TOY DRIVE FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:THANKSGIVING MEALS FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:SINGLE MOTHER SHOPPING SPREE FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:DUES AND SUBCRIPTION TOTAL EXPENSES:110 MANAGEMENT AND GENERAL:110 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:STATE TAX TOTAL EXPENSES:60 MANAGEMENT AND GENERAL:60 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:AUTO RENTAL EXPENSE TOTAL EXPENSES:427 PROGRAM SERVICES:427 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:EVENT EXPENSE TOTAL EXPENSES:500 PROGRAM SERVICES:500 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MEALS TOTAL EXPENSES:14515 PROGRAM SERVICES:14515 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:RENT TOTAL EXPENSES:147204 PROGRAM SERVICES:147204 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:SECURITY TOTAL EXPENSES:1540 PROGRAM SERVICES:1540 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:SIGNAGE EXPENSE TOTAL EXPENSES:9795 PROGRAM SERVICES:9795 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:TECHNOLOGY EXPENSE TOTAL EXPENSES:16060 PROGRAM SERVICES:16060 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:SUPPLIES TOTAL EXPENSES:1566 PROGRAM SERVICES:1566 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:BASKET BALL TICKETS TOTAL EXPENSES:4408 PROGRAM SERVICES:4408 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:GOLF EVENT EXPENSE TOTAL EXPENSES:2939 PROGRAM SERVICES:2939