Kendal Corporation
- Assets
- $20.8m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 34
- Location
- Newark, DE
- Founding
- 04/2018
- Data as of
- 12/2023
- EIN
- 23-2688382
Organization Overview
Kendal Corporation is located in Newark, DE. The organization was established in 2018. According to its NTEE Classification (E90) the organization is classified as: Nursing, under the broad grouping of Health Care and related organizations. As of 12/2023, Kendal Corporation employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kendal Corporation 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 12/2023, Kendal Corporation generated $9.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $10.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, SUPPORT, AND COORDINATE A SYSTEM OF COMMUNITIES AND SERVICES FOR OLDER PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CREATE A SYSTEM OF ORGANIZATIONS THAT PROVIDE A COORDINATED CONTINUUM OF CARE AND SERVICES FOR OLDER ADULTS, INTEGRATING QUAKER PRINCIPLES IN FOSTERING CONTINUED LEARNING, OUTREACH PROGRAMS AND A CULTURE OF GENEROSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annetha Hall Chair | OfficerTrustee | 7.8 | $0 |
Georgia Anetzberger Vice Chair | OfficerTrustee | 2.5 | $0 |
Stan Pelli Treasurer | OfficerTrustee | 1.6 | $0 |
Jodi Leeser Secretary | OfficerTrustee | 2.9 | $0 |
Paul Cooney Assistant Secretary | OfficerTrustee | 2.1 | $0 |
Richard Baznik Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Willis Towers Watson Us Llc Actuarial Consulting | 12/30/23 | $957,037 |
Ukg Inc Payroll Processing/software | 12/30/23 | $664,752 |
Core Bts Inc It Services | 12/30/23 | $474,417 |
Hartman Executive Advisors Llc Project Consultant | 12/30/23 | $350,500 |
Pc Connection Sales Corp Computer Sales | 12/30/23 | $288,741 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $8,566,094 |
| Investment income | $350,635 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $709,864 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,626,593 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,359,055 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,773,827 |
| Pension plan accruals and contributions | $1,322,102 |
| Other employee benefits | $591,489 |
| Payroll taxes | $297,471 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $87,851 |
| Fees for services: Accounting | $59,994 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $752,944 |
| Advertising and promotion | $0 |
| Office expenses | $96,499 |
| Information technology | $257,779 |
| Royalties | $0 |
| Occupancy | $89,018 |
| Travel | $204,017 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,151 |
| Interest | $141,847 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $113,655 |
| Insurance | $49,587 |
| All other expenses | $0 |
| Total functional expenses | $10,048,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,560,860 |
| Savings and temporary cash investments | $1,568,715 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $364,898 |
| 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 | $180,438 |
| Net Land, buildings, and equipment | $405,906 |
| Investments—publicly traded securities | $5,866,561 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,889,309 |
| Total assets | $20,836,687 |
| Accounts payable and accrued expenses | $1,814,721 |
| 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 | $4,477,362 |
| Total liabilities | $6,292,083 |
| Net assets without donor restrictions | $14,544,604 |
| Net assets with donor restrictions | $0 |
| 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 | $20,836,687 |