Keene Endowment Association
- Assets
- $12.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Keene, NH
- Founding
- 12/1959
- Data as of
- 06/2021
- EIN
- 02-6009681
Organization Overview
Keene Endowment Association is located in Keene, NH. The organization was established in 1959. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keene Endowment Association 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 06/2021, Keene Endowment Association generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $539.0k during the year ending 06/2021. While expenses have increased by 11.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KEENE ENDOWMENT ASSOCIATION (KEA) HELPS DONORS PROVIDE SCHOLARSHIPS FOR KEENE STATE COLLEGE STUDENTS AND RESOURCES TO ENHANCE THEIR EDUCATION. THE KEA BOARD ALSO ASSURES DONORS THEIR PHILANTHROPY MAKES A DIFFERENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS, AWARDS AND BOOKS TO KEENE STATE COLLEGE STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $916,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $916,105 |
| Total Program Service Revenue | $0 |
| Investment income | $265,789 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $282,190 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,464,084 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $435,534 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $103,367 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $539,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $552,237 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,468,817 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,021,054 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $30,530 |
| Net assets with donor restrictions | $11,990,524 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,021,054 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Keene Endowment Association has recieved totaling $117.
| Awarding Organization | Amount |
|---|---|
Fidelity Foundation Boston, MA PURPOSE: MATCHING GIFTS TO EDUCATION | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Endowment Analysis
| Beg. Balance | $11,095,971 |
| Earnings | $547,979 |
| Net Contributions | $916,105 |
| Other Expense | $103,468 |
| Grants | $435,534 |
| Ending Balance | $12,021,053 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gordon College Wenham, MA | $215,426,952 | $107,400,748 |
Franklin Pierce University Rindge, NH | $94,215,029 | $91,004,046 |
Lasell University Newton, MA | $146,552,524 | $85,290,352 |
New England College Henniker, NH | $96,223,111 | $84,142,963 |
Bay Path University Longmeadow, MA | $117,799,617 | $71,676,111 |
Bennington College Corporation Bennington, VT | $148,830,349 | $73,695,365 |
Hampshire College Trustees Amherst, MA | $115,794,333 | $53,767,765 |
Nichols College Dudley, MA | $114,721,498 | $60,723,172 |
Colby-Sawyer College New London, NH | $126,086,266 | $73,333,222 |
Franklin W Olin College Of Engineering Inc Needham, MA | $541,438,077 | $38,091,225 |
Cambridge College Inc Boston, MA | $83,415,943 | $41,615,020 |
College Of Our Lady Of The Elms Chicopee, MA | $76,626,054 | $46,446,695 |