P K Johnstone & H E Kimball Foundation
- Assets
- $1.6m
- Revenue
- $149.1k
- Investments
- $1.6m
- Employees
- 0
- Location
- West Warwick, RI
- Founding
- 10/1959
- Data as of
- 11/2022
- EIN
- 05-6015723
Organization Overview
P K Johnstone & H E Kimball Foundation is located in West Warwick, RI. The organization was established in 1959. 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. P K Johnstone & H E 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 11/2022, P K Johnstone & H E Kimball Foundation generated $149.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $92.7k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, P K Johnstone & H E Kimball Foundation has awarded 140 individual grants totaling $539,086. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE P.K. JOHNSTONE & H.E. KIMBALL FOUNDATION MAKES GRANTS AND CHARITABLE CONTRIBUTIONS TO VARIOUS CHARITABLE ORGANIZATIONS THAT HAVE BEEN PRESELECTED BY THE TRUSTEES. THERE ARE NO APPLICABLE EXPENSES TO REPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Avery Seaman Jr Trustee | 2 | $6,442 | |
Lynn Feiner Trustee | 2 | $6,442 | |
William Jennings Trustee | 2 | $6,442 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $63,511 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $85,592 |
| Capital Gain Net Income | $85,592 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $149,103 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,326 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,155 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,055 |
| Total operating and administrative expenses | $43,458 |
| Contributions, gifts, grants paid | $49,200 |
| Total expenses and disbursements | $92,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,391 |
| Savings and temporary cash investments | $0 |
| 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 | $350 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $586,651 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,611,983 |
| 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, P K Johnstone & H E Kimball Foundation has awarded $49,200 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BUTLER HOSPITAL PURPOSE: GENERAL | $5,700 |
Providence, RI PURPOSE: GENERAL | $5,000 |
THE UCAP SCHOOL PURPOSE: GENERAL | $5,000 |
OLIVER HAZARD PERRY RHODE ISLAND PURPOSE: GENERAL | $5,000 |
SLATER MILL MUSEUM PURPOSE: GENERAL | $5,000 |
SAMARITANS OF RHODE ISLAND PURPOSE: GENERAL | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tr Park Place Corp Hartford, CT | $326,580 | $4,534,377 |
National Rowing Foundation Inc Melrose, MA | $8,809,391 | $2,225,088 |
Mary A Cunningham Trust Milton, MA | $13,931,409 | $2,252,431 |
United States Sailing Foundaton Bristol, RI | $2,170,181 | $586,414 |
Beaverdale Memorial Park Inc New Haven, CT | $1,525,229 | $1,030,865 |
Horace A & S Ella Kimball Foundation Westerly, RI | $8,392,371 | $428,077 |
Friends Of Brookline Rowing Brookline, MA | $188,307 | $397,763 |
Friends Of Stonington Crew Inc Stonington, CT | $65,201 | $55,920 |
Friends Of@martins Park Inc Dorchester, MA | $5,263,012 | $677,726 |
7th Regiment Youth Performing Arts Organization Inc New London, CT | $54,574 | $224,963 |
Cfas Boosters Inc Norton, MA | $39,380 | $0 |
Friends Of Tewksbury Youth Football Inc Tewksbury, MA | $134,382 | $0 |