The Kaleo Foundation

The information on this page was last updated 2/14/2023. 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:

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

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Transparency grade

A

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Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating1 of 11041 of 122
Fund acquisition rating37 of 11051 of 122
Resource allocation rating9 of 11053 of 122
Asset utilization rating5 of 11042 of 122

Financial ratios

Funding ratiosSector median202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%100%100%101%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%0%0%-1%
 
Operating ratiosSector median202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%100%100%100%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%99%99%98%
Program output ratio Program output ratio =
Program services /
Total revenue
75%99%99%98%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%1%1%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%46%45%66%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%0%0%0%
 
Investing ratiosSector median202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.8434.3637.7930.12
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.741.161.021.04
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.7239.8938.3931.33
 
Liquidity ratiosSector median202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.07233.3263.780.00
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.000.020.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.270.300.310.38
 
Solvency ratiosSector median202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%0%2%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
101%3%3%3%

Financials

Balance sheet
 
Assets202120202019
Cash$249,184$129,494$52,009
Receivables, inventories, prepaids$0$25,372$29,592
Short-term investments$0$0$0
Other current assets$0$0$0
Total current assets$249,184$154,866$81,601
Long-term investments$0$0$0
Fixed assets$31,272$2,460$3,280
Other long-term assets$8,900$0$0
Total long-term assets$40,172$2,460$3,280
Total assets$289,356$157,326$84,881
 
Liabilities202120202019
Payables and accrued expenses$1,068$2,428$0
Other current liabilities$0$0$0
Total current liabilities$1,068$2,428$0
Debt$0$0$0
Due to (from) affiliates$0$0$0
Other long-term liabilities$0$0$0
Total long-term liabilities$0$0$0
Total liabilities$1,068$2,428$0
 
Net assets202120202019
Without donor restrictions$0$0$0
With donor restrictions$0$0$0
Net assets$288,288$154,898$84,881
 
Revenues and expenses
 
Revenue202120202019
Total contributions$10,115,481$6,022,870$2,630,863
Program service revenue$0$0$0
Membership dues$0$0$0
Investment income$72$38$26
Other revenue($41,139)($7,815)($18,112)
Total other revenue($41,067)($7,777)($18,086)
Total revenue$10,074,414$6,015,093$2,612,777
 
Expenses202120202019
Program services$9,928,229$5,939,488$2,550,308
Management and general$12,795$4,640$0
Fundraising$0$948$6,339
Total expenses$9,941,024$5,945,076$2,556,647
 
Change in net assets202120202019
Surplus (deficit)$133,390$70,017$56,130
Other changes in net assets$0$0$0
Total change in net assets$133,390$70,017$56,130

Compensation

NameTitleCompensation
Pamela WalkerVP of Client Services$28,247
Samuel WalkerCEO$28,247

Compensation data as of: 12/31/2022


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 2/14/2023. To update the information below, please email: [email protected]


History


Program accomplishments

343 organizations we support
907,116 people impacted


Needs