William R Kenan Jr Charitable Trust
- Assets
- $666.5m
- Revenue
- $81.5m
- Investments
- $650.9m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/2012
- Data as of
- 06/2023
- EIN
- 13-6192029
Organization Overview
William R Kenan Jr Charitable Trust is located in Chicago, IL. The organization was established in 2012. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William R Kenan Jr Charitable Trust 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 06/2023, William R Kenan Jr Charitable Trust generated $81.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $42.5m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 40 | $2,717,145 | |
Thomas S Kenan III Co-Trustee | 12 | $160,000 | |
Lawrence Lewis Gray Co-Trustee | 12 | $160,000 | |
Daniel Drake Interim Exec. Dir. | 0 | $223,350 | |
Nancy Cable Exec. Dir. | 0 | $212,832 | |
Tinka Deal Exec. Coord. | 0 | $87,197 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eagle Capital Management Llc | 6/29/23 | $208,315 |
Edgewood Management Llc | 6/29/23 | $174,102 |
Pbr Executive Search Llc | 6/29/23 | $140,234 |
Lisa Fechtel Brown | 6/29/23 | $81,430 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,443,971 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $67,034,630 |
| Capital Gain Net Income | $67,034,630 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $81,478,601 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,037,145 |
| Other employee salaries and wages | $749,904 |
| Pension plans, employee benefits | $45,405 |
| Interest | $0 |
| Taxes | $1,129,446 |
| Depreciation | $0 |
| Occupancy | $100,067 |
| Travel, conferences, and meetings | $41,107 |
| Printing and publications | $0 |
| Other expenses | $454,683 |
| Total operating and administrative expenses | $6,049,720 |
| Contributions, gifts, grants paid | $36,468,801 |
| Total expenses and disbursements | $42,518,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,026 |
| Savings and temporary cash investments | $15,338,435 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $666,454,369 |
| 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 |