Nonprofit · EIN 61-1411259
KISCO FOUNDATION INC
Tax-exempt · ARMONK, NY 10504
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,607,422 | $2,325,754 | -$718,332 | $18,358,573 | $0 | $18,358,573 |
| December 31, 2023 | 990 | $1,098,136 | $1,967,064 | -$868,928 | $18,476,432 | $0 | $18,476,432 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $290,000
- Program service revenue
- $0
- Investment income
- $1,306,060
- Net gain from sales of assets
- $759,161
- Other revenue
- $11,362
Expenses
- Grants and similar amounts paid
- $1,975,000
- Other salaries and wages
- $86,000
- Salaries, compensation and benefits (total)
- $96,115
- Professional fundraising fees
- $0
- Accounting fees
- $25,000
- Program services (functional)
- $2,204,519
- Management and general (functional)
- $121,235
Balance sheet and other
- Total assets, start of year
- $18,476,432
- Total assets, end of year
- $18,358,573
- Total liabilities, end of year
- $0
- Net assets, end of year
- $18,358,573
- Net assets without donor restrictions
- $18,358,573
- Gross receipts
- $1,607,422
- Employees
- 2
- Volunteers
- 2
- Year formed
- 2002
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NANCY MCCABE | DIRECTOR/PRESIDENT Trustee or director, Officer | 5 | $0 | $392,944 | $81,704 |
| JENNIFER MAGNONE | DIRECTOR/SECRETARY/TREAS. Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LESLIE GORDON FAGEN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NANCY MCCABE | DIRECTOR/PRESIDENT Trustee or director, Officer | 5 | $0 | $398,794 | $77,185 |
| JENNIFER MAGNONE | DIRECTOR/SECRETARY/TREAS. Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LESLIE GORDON FAGEN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 429, ARMONK, NY 10504-0429
- In care of
- % KOHLBERG FOUNDATION
- Principal officer (990 for 2024)
- NANCY MCCABE, PO BOX 429, ARMONK, NY 10504
- Signed the 990
- NANCY MCCABE, PRESIDENT
- Phone
- (914) 419-4927
- Return prepared by
- DDK & COMPANY LLP
Mission
THE PRIMARY EXEMPT PURPOSE OF THE KISCO FOUNDATION, INC. IS TO PROVIDE TECHNICAL ASSISTANCE, ORGANIZATIONAL DEVELOPMENT, MANAGEMENT ASSISTANCE, AS WELL AS FINANCIAL SUPPORT IN THE FORM OF GRANTS AND LOANS TO OTHER 501(C)(3) PUBLIC CHARITIES. IN ADDITION, WITHIN ITS PRIMARY EXEMPT PURPOSE THE KISCO FOUNDATION CONTINUES WITH A CURRENT INITIATIVE WHICH IS "PROTECTING STUDENT VETERANS". THIS FUND'S MISSION IS TO DEFEND STUDENT VETERANS IN PURSUING THEIR EDUCATION GOALS AS WELL AS PROVIDE ASSISTANCE TO VETERANS WHO HAVE BEEN DEFRAUDED OR MISLED BY PROPRIETARY INSTITUTIONS.
Program accomplishments
- THE NEW GI BILL ALLOWS VETERANS TO ATTEND THE COLLEGE OR VOCATIONAL SCHOOL OF THEIR CHOICE. UNFORTUNATELY, MANY VETERANS HAVE UNWITTINGLY BECOME VICTIMS OF PREDATORY PRACTICES BY A NUMBER OF FOR-PROFIT COLLEGES. PROBLEMS INCLUDE DECEPTIVE RECRUITING AND MARKETING, DELIVERY OF WEAK ACADEMIC CONTENT, LITTLE OR NO SUPPORT SERVICES, BURDENSOME STUDENT LOAN DEBT, AND INAPPROPRIATE OR UNDELIVERABLE PROMISES REGARDING JOBS, TRANSFER OF CREDITS AND CAREER PLACEMENT. THIS PROGRAM HELPS VETERANS, VICTIMS AND MILITARY FAMILIES TO BE CAREFUL CONSUMERS EVALUATING EDUCATIONAL OPPORTUNITIES AND STUDENT LOANS. WORKING WITH PARTNERS, THE KISCO PROGRAM ASSISTS VETERANS WHO HAVE EXCESSIVE STUDENT LOAN BURDENS, AND THROUGH 501(C) (3) PARTNERS AND VETERANS GROUPS, HELPS VETERANS TRANSITION TO CIVILIAN AND ACADEMIC LIFE AND SUCCEED IN HIGHER EDUCATION. BEYOND HOLDING ACCOUNTABLE THE INSTITUTIONS THAT SERVE VETERANS, WE WILL PROVIDE INFORMATION TO ALL APPROPRIATE AUDIENCES TO ASSIST VETERANS AND MILITARY FAMILIES IN MAKING INFORMED EDUCATION AND CAREER CHOICES.Expenses $529,519 · grants $300,000
- ANOTHER INITIATIVE OF THE FOUNDATION IS TO PROVIDE FINANCIAL, TECHNICAL AND STRATEGIC SUPPORT FOR THE EXPLORATION AND STUDY OF NON-PROFIT BUSINESS MODEL RELATED TO PROGRAMS IN NON-PROFIT JOURNALISM AND ITS APPLICATION TO COMMUNITY NEWSPAPERS AND NEWS ORGANIZATIONS WITHIN THE CONTEXT OF THE WORK OF JOURNALISTS, NEWSPAPERS AND NEWS ORGANIZATIONS FOR SMALL AND MEDIUM-SIZED COMMUNITIES. THIS INCLUDES PILOT PROGRAMS IN ENVIRONMENTAL JOURNALISM, FORUMS ON AFFORDABLE HOUSING, INTERNSHIPS FOR JOURNALISM STUDENTS, HISTORIC PRESERVATION PROJECTS ON FILM AND IN PRINT, AND COMMUNITY ARCHIVES. THESE COMMUNITY SERVICE MODELS SUPPORT THE EXEMPT ACTIVITIES CRITICAL TO THE SUCCESS OF A NON-PROFIT BUSINESS MODEL FOR SMALL COMMUNITY MEDIA ORGANIZATIONS.Expenses $1,675,000 · grants $1,675,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 61-1411259
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S50)
- Assets (IRS master file)
- $18,358,573
- Income (IRS master file)
- $1,607,422
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,607,422 | $2,325,754 | $18,358,573 | XML |
| 990 | December 2023 | $1,098,136 | $1,967,064 | $18,476,432 | XML |
| 990 | December 2022 | $1,139,235 | $611,074 | $17,763,792 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-1411259).
Questions about KISCO FOUNDATION INC
- What is the EIN of KISCO FOUNDATION INC?
- The employer identification number (EIN) of KISCO FOUNDATION INC is 61-1411259.
- Is KISCO FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to KISCO FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KISCO FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KISCO FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KISCO FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KISCO FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names NANCY MCCABE.
- Who are the officers and directors of KISCO FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does KISCO FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,607,422, expenses of $2,325,754 and total assets of $18,358,573 at year end.
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