Kennett After-School Association
- Assets
- $712.9k
- Revenue
- $265.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Kennett Square, PA
- Founding
- 04/1999
- Data as of
- 06/2023
- EIN
- 23-2984132
Organization Overview
Kennett After-School Association is located in Kennett Square, PA. The organization was established in 1999. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Kennett After-School Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kennett After-School Association 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, Kennett After-School Association generated $265.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $213.9k during the year ending 06/2023. While expenses have increased by 0.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
AFTER SCHOOL EDUCATION AND RECREATION PROGRAMS FOR MIDDLE SCHOOL STUDENTS AT KENNETT MIDDLE SCHOOL IN KENNETT SQUARE, PA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFTER SCHOOL EDUCATION AND RECREATION FOR SCHOOL-AGE CHILDREN IN THE KENNETT SQUARE, PA AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rudy Karkosak President | OfficerTrustee | 10 | $0 |
Jeanne Hutton Vice Preside | OfficerTrustee | 5 | $0 |
Rachel Brunke Treasurer | OfficerTrustee | 10 | $0 |
Stephen Verget Asst. Treasu | OfficerTrustee | 5 | $0 |
Susan Suzi Nichols Secretary | OfficerTrustee | 1 | $0 |
George Amoss Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,141 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $209,996 |
| Noncash contributions included in lines 1a–1f | $5,943 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,137 |
| Total Program Service Revenue | $0 |
| Investment income | $32,525 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $307 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $264,969 |
| 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. | $82,128 |
| Compensation of current officers, directors, key employees. | $24,638 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,691 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $698 |
| Payroll taxes | $8,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,649 |
| Advertising and promotion | $10,445 |
| Office expenses | $8,694 |
| Information technology | $0 |
| 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 | $72 |
| Insurance | $4,618 |
| All other expenses | $0 |
| Total functional expenses | $213,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,819 |
| Savings and temporary cash investments | $82,564 |
| Pledges and grants receivable | $45,220 |
| 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 | $863 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $582,462 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $712,928 |
| Accounts payable and accrued expenses | $1,000 |
| 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 | $0 |
| Total liabilities | $1,000 |
| Net assets without donor restrictions | $666,708 |
| Net assets with donor restrictions | $45,220 |
| 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 | $712,928 |