Horace A & S Ella Kimball Foundation
- Assets
- $8.2m
- Revenue
- $401.7k
- Investments
- $8.1m
- Employees
- 0
- Location
- Westerly, RI
- Founding
- 03/1913
- Data as of
- 10/2023
- EIN
- 05-6006130
Organization Overview
Horace A & S Ella Kimball Foundation is located in Westerly, RI. The organization was established in 1913. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horace A & S Ella Kimball 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 10/2023, Horace A & S Ella Kimball Foundation generated $401.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (20.1%) each year. All expenses for the organization totaled $633.0k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Horace A & S Ella Kimball Foundation has awarded 139 individual grants totaling $2,341,100. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas F Black III President | 1 | $40,969 | |
Norman D Baker Jr Secretary/treasurer | 1 | $16,969 | |
Edward C Marth Trustee | 1 | $16,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $257,942 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $143,778 |
| Capital Gain Net Income | $143,778 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $401,720 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $73,938 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,291 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,392 |
| Total operating and administrative expenses | $152,967 |
| Contributions, gifts, grants paid | $480,000 |
| Total expenses and disbursements | $632,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $106,391 |
| 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 | $8,053,535 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,159,926 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Horace A & S Ella Kimball Foundation has awarded $480,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
THOMAS F BLACK JR MEMORIAL SCHOLARS PURPOSE: UNRESTRICTED GIFT | $25,000 |
BOYS & GIRLS CLUB OF PROVIDENCE PURPOSE: UNRESTRICTED GIFT | $15,000 |
THE GILBERT STUART MEMORIAL INC PURPOSE: UNRESTRICTED GIFT | $10,000 |
WOOD RIVER HEALTH SERVICES INC PURPOSE: UNRESTRICTED GIFT | $20,000 |
COCUMSCUSSOC ASSOCIATION INC PURPOSE: UNRESTRICTED GIFT | $10,000 |
SOUTHERN RHODE ISLAND VOLUNTEERS PURPOSE: UNRESTRICTED GIFT | $16,000 |