T J Kavanagh Foundation Inc
- Assets
- $17.6m
- Revenue
- $749.2k
- Investments
- $17.6m
- Employees
- 0
- Location
- Hermitage, PA
- Founding
- 05/1968
- Data as of
- 12/2022
- EIN
- 23-6442981
Organization Overview
T J Kavanagh Foundation Inc is located in Hermitage, PA. The organization was established in 1968. 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. T J Kavanagh Foundation Inc 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 12/2022, T J Kavanagh Foundation Inc generated $749.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, T J Kavanagh Foundation Inc has awarded 232 individual grants totaling $3,501,754. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas E Kavanagh Trustee | 5 | $0 | |
Ryen Roberts Trustee | 5 | $0 | |
Melvin L Bandzak Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $228,045 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $520,990 |
| Capital Gain Net Income | $520,990 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $195 |
| Total Revenue | $749,230 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,375 |
| Depreciation | $0 |
| Occupancy | $1,800 |
| Travel, conferences, and meetings | $1,368 |
| Printing and publications | $0 |
| Other expenses | $123,923 |
| Total operating and administrative expenses | $173,461 |
| Contributions, gifts, grants paid | $853,138 |
| Total expenses and disbursements | $1,026,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $23,101 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $191,008 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $13,500 |
| Total assets | $17,649,248 |
| 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, T J Kavanagh Foundation Inc has awarded $853,138 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
AREA COMMUNITY THEATER PURPOSE: COMMUNITY SERVICE | $50,000 |
BUHL COMMUNITY RECREATION CENTER PURPOSE: COMMUNITY SERVICE | $5,000 |
BUHL PARK CORPORATION PURPOSE: COMMUNITY SERVICE | $40,750 |
CHILDRENS CENTER OF MERCER COUNTY PURPOSE: COMMUNITY SERVICE | $5,000 |
CHURCH OF THE BELOVED DISCIPLE PURPOSE: RELIGIOUS | $12,000 |
CHURCH OF THE GOOD SHEPHERD PURPOSE: RELIGIOUS | $12,000 |