Kenner Foundation
- Assets
- $78.9k
- Revenue
- $50.8k
- Investments
- $1.5k
- Employees
- 0
- Location
- Arlington, TX
- Founding
- 04/2011
- Data as of
- 12/2023
- EIN
- 01-0943345
Organization Overview
Kenner Foundation is located in Arlington, TX. The organization was established in 2011. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kenner Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Kenner Foundation generated $50.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $116.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KENNER FOUNDATION IS A 501C3 NONPROFIT CHRISTIAN FOUNDATION THAT GREW FROM WITNESSING THE MANY NEEDS THAT OUR "SOMETIMES-FORGOTTEN" AGING, LONELY SENIORS IN LONG- TERM CARE FACILITIES AND IN OUR COMMUNITY EXPERIENCE. THE FOUNDATION EVOLVED FROM A HEARTFELT LOVE FOR SENIORS, THEIR NEED FOR COMFORT, FRIENDSHIP, EMOTIONAL SUPPORT, AND OFTEN, EVEN A FEAR OF NOT BEING LOVED, CARED FOR, OR HAVING A SENSE OF PURPOSE. BY WORKING TOGETHER WITH LOCAL BUSINESSES AND VOLUNTEERS, OUR FOUNDATION STRIVES TO HELP ENRICH AND MAINTAIN THE QUALITY OF THEIR PERSONAL LIFE AS WE HELP ADDRESS THEIR NEEDS. THE FOUNDATION FOCUSES ON SHINING GOD'S LIGHT AND LOVE INTO THE LIVES OF SENIORS BY PROVIDING OPPORTUNITIES TO: - BUILD MUCH NEEDED FRIENDSHIPS AND FELLOWSHIP; - TO REMIND SENIORS OF GOD'S GREAT LOVE FOR THEM THROUGH "SUNSHINE GIFT BOXES" FILLED WITH INDIVIDUALIZED SURPRISES TO BRIGHTEN THEIR DAY; - TO REACH OUT TO SENIORS WHO ARE ON HOSPICE CARE OR HAVE TRAGIC EVENTS THAT HAVE TAKEN PLACE; - TO PROVIDE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Kenner Pres./dir. | 1 | $0 | |
Vernon Kenner Treas./dir. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,650 |
| Interest on Savings | $11 |
| Dividends & Interest | $12 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $78 |
| Capital Gain Net Income | $78 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,751 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $46,773 |
| Pension plans, employee benefits | $5,070 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $4,560 |
| Occupancy | $13,323 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $43,223 |
| Total operating and administrative expenses | $114,944 |
| Contributions, gifts, grants paid | $1,111 |
| Total expenses and disbursements | $116,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,769 |
| Savings and temporary cash investments | $65,876 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,841 |
| Other assets | $0 |
| Total assets | $78,947 |
| Accounts payable and accrued expenses | $2,636 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $21,893 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24,529 |
Grants Awarded
Over the last fiscal year, Kenner Foundation has awarded $16,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GINA GREAFF PURPOSE: MEDICAL EXPENSES | $15,000 |
JERRION SMITH PURPOSE: TRAVEL EXPENSES FOR A FUNERAL | $1,000 |