Kendal Fund
- Assets
- $5.1m
- Revenue
- $226.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Kennett Square, PA
- Founding
- 02/1992
- Data as of
- 12/2021
- EIN
- 23-2626425
Organization Overview
Kendal Fund is located in Kennett Square, PA. The organization was established in 1992. According to its NTEE Classification (V36) the organization is classified as: Gerontology, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kendal Fund 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 12/2021, Kendal Fund generated $226.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $53.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kendal Fund has awarded 17 individual grants totaling $345,366. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO TRANSFORM THE EXPERIENCE OF AGING BY SUPPORTING THE KENDAL CORPORATION AND AFFILIATES
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT PROGRAM:RECOGNIZING THE VALUE AND THE IMPACT OF THE WORK THE ALZHEIMERS ASSOCIATION HAS ON OUR AGING POPULATION. IN OCTOBER 2021, THE KENDAL CHARITABLE FUNDS BOARD APPROVED A MATCHING DONATION TO THE ALZHEIMERS ASSOCIATION WALK IN SUPPORT OF THE KENDAL CORPORATION STAFF'S FUNDRAISING EFFORTS TOWARDS THIS WORTHY PROJECT.
PROMISING INNOVATIONS (PIF): FOR THE 2021 GRANT CYCLE, FUNDING CONTINUED WITH EXISTING NON-PROFIT CONSORTIUM RECIPIENTS FROM THE PREVIOUS YEAR, WORKING TO ADDRESS NEEDS OF INDIVIDUALS 60 OR OLDER, AGING IN PLACE IN AN URBAN SETTING, WHO ARE LIVING AT OR BELOW THE FEDERAL POVERTY LINE (FPL). TWO GRANTS THAT CONTINUED INTO 2021 WITH FINAL DISTRIBUTIONS AWARED TO REBUILDING TOGETHER PHILADELPHIA FOR HOME REPAIRS FOR SENIORS IN THE PHILADELPHIA AREA, AND KENNETT AREA COMMUNITY SERVICE FOR THEIR SENIOR SUPPORT SERVICES PROGRAM.
THE UNRESTRICTED FUND/PROGRAM: THE UNRESTRICTED FUND/PROGRAM IS SUPPORTED THROUGH DONORS WHO MAKE GIFTS TO KENDAL CHARITABLE FUNDS AND CHOOSE NOT TO RESTRICT THE MANNER IN WHICH THE FUNDS/PROGRAMS ARE USED. KENDAL CHARITABLE FUNDS USES THOSE FUNDS/PROGRAMS TO SUPPORT PRIORITIES/INITIATIVES OF THE KENDAL CORPORATION, THE SYSTEM OF AFFILIATES, AND THE BROADER EFFORTS IN SUPPORT OF AGING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Ingram Treasurer | OfficerTrustee | 1 | $0 |
Jenny Campbell Secretary | OfficerTrustee | 1 | $0 |
Marilyn Richards Chair | OfficerTrustee | 1 | $0 |
Julie Houpt Vice Chair | OfficerTrustee | 1 | $0 |
Sean Kelly President & CEO | Officer | 2.5 | $0 |
Amy Harrison Chief Financial Officer | Officer | 0.5 | $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 | $47,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,200 |
| Total Program Service Revenue | $0 |
| Investment income | $67,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $111,348 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $226,039 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,635 |
| 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 | $0 |
| Fees for services: Legal | $5,500 |
| Fees for services: Accounting | $3,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,662 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,125 |
| Information technology | $132 |
| 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 | $53,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,775 |
| 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 | $5,095,963 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,568 |
| Total assets | $5,128,306 |
| 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 | $950,561 |
| Total liabilities | $950,561 |
| Net assets without donor restrictions | $2,891,426 |
| Net assets with donor restrictions | $1,286,319 |
| 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 | $5,128,306 |
Grants Awarded
Over the last fiscal year, Kendal Fund has awarded $83,440 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Mitchellville, MD PURPOSE: FOOD SUSTAINABILITY | $16,720 |
Mitchellville, MD PURPOSE: FOOD SUSTAINABILITY | $16,720 |
Kennett Square, PA PURPOSE: ADDRESS NEEDS OF INDIVIDUALS 60 OR OLDER, AGING IN PLACE IN URBAN SETTING, LIVING AT OR BELOW THE FEDERAL POVERTY LINE (FPL)- SENIOR SUPPORT SERVICES & PPE | $12,500 |
Kennett Square, PA PURPOSE: ADDRESS NEEDS OF INDIVIDUALS 60 OR OLDER, AGING IN PLACE IN URBAN SETTING, LIVING AT OR BELOW THE FEDERAL POVERTY LINE (FPL)- SENIOR SUPPORT SERVICES & PPE | $12,500 |
Philadelphia, PA PURPOSE: ADDRESS NEEDS OF INDIVIDUALS 60 OR OLDER, AGING IN PLACE IN URBAN SETTING, LIVING AT OR BELOW THE FEDERAL POVERTY LINE (FPL)- HOME REPAIRS | $12,500 |
Philadelphia, PA PURPOSE: ADDRESS NEEDS OF INDIVIDUALS 60 OR OLDER, AGING IN PLACE IN URBAN SETTING, LIVING AT OR BELOW THE FEDERAL POVERTY LINE (FPL)- HOME REPAIRS | $12,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kendal Fund has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Kendal At Ithaca Ithaca, NY PURPOSE: AFFILIATE-WIDE INITIATIVE FOR EMPLOYEE DEVELOPMENT | $5,000 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: MATCHING GIFT | $2,500 |
Endowment Analysis
| Beg. Balance | $6,850 |
| Ending Balance | $6,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation For Aging New York, NY | $30,014,800 | $13,781,782 |
Central Massachusetts Agency On Aging Inc Worcester, MA | $2,752,139 | $4,874,436 |
Acta Materialia Incorporated Bethesda, MD | $11,901,007 | $2,522,105 |
Osher Lifelong Learning Institute Fairfax, VA | $832,168 | $580,291 |
Area Agencies On Aging Association Of Michigan Lansing, MI | $837,372 | $421,404 |
Margaret D Smock Charitable Trust Pittsburgh, PA | $4,335,445 | $403,159 |
Center For Social Gerontology Ann Arbor, MI | $86,440 | $4,630 |