The Kaleo Foundation 
The information on this page was last updated 6/20/2024. If you see errors or omissions, please email: [email protected]
Summary
We are a grace-driven organization. We serve the hurting and hungry by meeting the critical needs of children, families, and the elderly with food, and educational assistance. We use the united efforts of local churches and community volunteers to bring hope to the hurting.
The Kaleo Foundation works through local churches and other faith based entities to provide snacks, beverages, school supplies, and other items to students, faculty and families of Title I public schools.
Contact information
Mailing address:
The Kaleo Foundation
301 East Hill Street
Oklahoma City, OK 73105
Website: thekaleofoundation.org
Phone: 405-896-5613
Email: [email protected]
Organization details
EIN: 474978469
CEO/President: Samuel J. Walker Sr.
Chairman:
Board size: 2
Founder: Sam and Pam Walker
Ruling year: 2016
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2020
Purpose
We distribute food, clothing and other essential personal items to individuals, families, and other organizations.
Mission statement
The Kaleo Foundation is a domestic not-for-profit corporation based in Oklahoma City. We exist to eliminate illiteracy, meet the critical needs of children and the elderly in Oklahoma City and Regional Oklahoma.
Statement of faith
THE TRINITY
God exists eternally as three persons; the Father, the Son, and the Holy Spirit. (Matthew 28:19, 1 Corinthians 12:4-6, 2 Corinthians 13:14, Hebrews 9:14)
THE FATHER
The Heavenly Father, the first person of the triune Godhead, in His great love for the world, sent His beloved only begotten Son into the world as the Savior of mankind to provide everlasting life and Fatherhood for each believer. (John 3:16, Romans 8: 14, 1 John 4:14)
THE SON
Jesus Christ is the eternal Son of God; was manifested in the flesh by virgin birth; was crucified as the only acceptable sacrifice for our sins; arose bodily from the grave; is preparing a place for us; will return for us. (John 3:35; John 1:1, 14, John 14:1-6, Acts 1:9-11, 1 Corinthians 15:3-9, 1 Peter 2:24, 1 Peter 3:18)
THE SPIRIT
The Holy Spirit draws, regenerates, and gifts us to confess Jesus as our Savior from our sins and Lord of our lives; indwells us to explain the Bible and empowers us to live godly lives. He is also the Agent of our security and inheritance in Christ. (John 16:7-14, Acts 5:3-4, Romans 8:9, 1 Corinthians 12: 13, Ephesians 5: 17-21)
HUMANKIND
Every person is a sinner and separated from God until repenting of his sins and receiving God's gift of eternal life by trusting in Jesus Christ alone as Savior and Lord. (Acts 4:12, Romans 3:23, Romans 6:23, Ephesians 2:8-9, 1 Peter 1:18-21)
THE BIBLE
The Bible is the Word of God; it is God-breathed and without error; it is the final authority for our faith and living. (Psalm 19:7-8, Matthew 5: 18; 2 Timothy 3:16-17, Hebrews 4: 12, 2 Peter 1 :20-21)
SECURITY
Believers are eternally safe and secure in Jesus and give evidence of genuine faith by a life of good works. (John 3: 16, John 10:27-29, Romans 8:38-39, James 2:14-1 7)
THE CHURCH
The church is the living body of Christ on earth comprised of all believers in Jesus Christ, but is manifested through assemblies which are devoted to worshipping God, maturing believers and reaching unbelievers with the Gospel. (Matthew 16:8, Matthew 28:19-20, 1 Corinthians 12:27, Ephesians 1: 22-23, Ephesians 4:11-13 , Hebrews 10:25)
THE FUTURE
The future life of believers is a blessed eternity with God in heaven, but unbelievers face eternal suffering apart from God. (Matthew 25:46, John 3:16, 2 Corinthians 5:8, 1 Thessalonians 4: 13-18, Revelation 20:11-1 5)
CHOICE
Within God's ultimate sovereign choice, eternal life is offered to the world from a divine heart of love that desires all to respond to that love, wanting no one to perish and promising an eternal relationship to every sincere seeker. (Proverbs 8: 17, Jeremiah 19: 13, Amos 5:4, John 1:7, 3:16-17, 5:40, 6:44, Romans 8:33, Ephesians 1:4-5, I Timothy 2:3-4, 2 Peter 3:9)
MARRIAGE
We believe that the term "marriage" has only one meaning: the uniting of one man and one woman in a single, exclusive union, as delineated in Scripture (Genesis 2: 18-25; Mark 10:6-9)
We believe that God has provided for sexual intimacy to occur only within marriage and that any form of sexual intimacy outside of the bounds of marriage, as marriage is herein defined, is sin. (Matthew 15:18-20; 1 Corinthians 6:9-10, 18, 7:2-5; Hebrews 13:4).
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 4 of 1118 | 2 of 122 |
| Fund acquisition rating | | 66 of 1119 | 4 of 122 |
| Resource allocation rating | | 14 of 1119 | 2 of 122 |
| Asset utilization rating | | 14 of 1118 | 3 of 122 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 0% | 0% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 101% | 100% | 100% | 101% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 0% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | -1% | 0% | 0% | -1% |
| Operating ratios | Sector median | 2023 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 99% | 100% | 100% | 100% |
Spending ratio Spending ratio = Total expenses / Total revenue | 98% | 100% | 99% | 99% | 98% |
Program output ratio Program output ratio = Program services / Total revenue | 81% | 100% | 99% | 99% | 98% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 2% | 0% | 1% | 1% | 2% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | -7% | 46% | 45% | 66% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 0% | 0% | 0% | 0% |
| Investing ratios | Sector median | 2023 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.88 | 17.55 | 34.36 | 37.79 | 30.12 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.76 | 1.13 | 1.16 | 1.02 | 1.04 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.77 | 19.80 | 39.89 | 38.39 | 31.33 |
| Liquidity ratios | Sector median | 2023 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 15.15 | 0.00 | 233.32 | 63.78 | 0.00 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.00 | 0.00 | 0.02 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.99 | 0.61 | 0.30 | 0.31 | 0.38 |
| Solvency ratios | Sector median | 2023 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 0% | 0% | 2% | 0% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 98% | 6% | 3% | 3% | 3% |
Financials
| Balance sheet | ||||
| Assets | 2023 | 2021 | 2020 | 2019 |
| Cash | $228,261 | $249,184 | $129,494 | $52,009 |
| Receivables, inventories, prepaids | $0 | $0 | $25,372 | $29,592 |
| Short-term investments | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 |
| Total current assets | $228,261 | $249,184 | $154,866 | $81,601 |
| Long-term investments | $0 | $0 | $0 | $0 |
| Fixed assets | $20,439 | $31,272 | $2,460 | $3,280 |
| Other long-term assets | $8,900 | $8,900 | $0 | $0 |
| Total long-term assets | $29,339 | $40,172 | $2,460 | $3,280 |
| Total assets | $257,600 | $289,356 | $157,326 | $84,881 |
| Liabilities | 2023 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $0 | $1,068 | $2,428 | $0 |
| Other current liabilities | $0 | $0 | $0 | $0 |
| Total current liabilities | $0 | $1,068 | $2,428 | $0 |
| Debt | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $0 | $0 | $0 | $0 |
| Total liabilities | $0 | $1,068 | $2,428 | $0 |
| Net assets | 2023 | 2021 | 2020 | 2019 |
| Without donor restrictions | $0 | $0 | $0 | $0 |
| With donor restrictions | $0 | $0 | $0 | $0 |
| Net assets | $257,600 | $288,288 | $154,898 | $84,881 |
| Revenues and expenses | ||||
| Revenue | 2023 | 2021 | 2020 | 2019 |
| Total contributions | $4,534,275 | $10,115,481 | $6,022,870 | $2,630,863 |
| Program service revenue | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 |
| Investment income | $485 | $72 | $38 | $26 |
| Other revenue | ($34,021) | ($41,139) | ($7,815) | ($18,112) |
| Total other revenue | ($33,536) | ($41,067) | ($7,777) | ($18,086) |
| Total revenue | $4,500,739 | $10,074,414 | $6,015,093 | $2,612,777 |
| Expenses | 2023 | 2021 | 2020 | 2019 |
| Program services | $4,487,979 | $9,928,229 | $5,939,488 | $2,550,308 |
| Management and general | $14,635 | $12,795 | $4,640 | $0 |
| Fundraising | $17,166 | $0 | $948 | $6,339 |
| Total expenses | $4,519,780 | $9,941,024 | $5,945,076 | $2,556,647 |
| Change in net assets | 2023 | 2021 | 2020 | 2019 |
| Surplus (deficit) | ($19,041) | $133,390 | $70,017 | $56,130 |
| Other changes in net assets | $0 | $0 | $0 | $0 |
| Total change in net assets | ($19,041) | $133,390 | $70,017 | $56,130 |
Compensation
| Name | Title | Compensation |
| Pamela Walker | VP of Client Services | $53,685 |
| Samuel Walker | CEO | $53,685 |
Compensation data as of: 12/31/2023
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 6/20/2024. To update the information below, please email: [email protected]
History
Program accomplishments
343 organizations we support
907,116 people impacted