Kenneth E Boring Charitable Foundation Inc
- Assets
- $3.2m
- Revenue
- $56.4k
- Investments
- $3.2m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 09/2003
- Data as of
- 12/2021
- EIN
- 27-0063662
Organization Overview
Kenneth E Boring Charitable Foundation Inc is located in Chattanooga, TN. The organization was established in 2003. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Kenneth E Boring Charitable 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 12/2021, Kenneth E Boring Charitable Foundation Inc generated $56.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.2%) each year. All expenses for the organization totaled $268.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kenneth E Boring Charitable Foundation Inc has awarded 195 individual grants totaling $1,668,173. 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
2021
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 |
|---|---|---|---|
Dorothy B Shaw President/treasurer | 0 | $0 | |
Robert S Riley Trustee | 0 | $0 | |
Leah Boring Hill Trustee | 0 | $0 | |
Laura Boring Hopkins Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $70,000 |
| Interest on Savings | $1 |
| Dividends & Interest | $166,561 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$180,173 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,389 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,800 |
| Contributions, gifts, grants paid | $266,975 |
| Total expenses and disbursements | $268,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$5,634 |
| Savings and temporary cash investments | $6,366 |
| Net Accounts receivable | $5,897 |
| 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 | $2,000 |
| Total assets | $3,247,142 |
| 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 | $743,703 |
| Total liabilities | $743,703 |
Grants Awarded
Over the last fiscal year, Kenneth E Boring Charitable Foundation Inc has awarded $266,975 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Dalton, GA PURPOSE: GREATEST NEED | $67,500 |
NW GA UNITED WAY PURPOSE: ALEXIS DE TOCQUEVILLE SOCIETY | $39,775 |
Chattanooga, TN PURPOSE: CHILDRENS HOSPITAL | $20,000 |
CREATIVE DISCOVERY MUSEUM PURPOSE: MUSEUM COLLEGE DAZE | $15,000 |
MANY HOPES PURPOSE: GREATEST NEED | $15,000 |
LEAUKEMIA & LYMPHOMA SOCIETY PURPOSE: GREATEST NEED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Walton Family Charitable Support Foundation Inc Bentonville, AR | $1,144,906,373 | $82,175,150 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA | $545,577,272 | $201,098,940 |
Herschend Family Entertainment Corporation Beneficiary Trust Branson, MO | $4,577,294 | $15,681,690 |
The Global Orphan Project Inc Kansas City, MO | $12,087,754 | $16,385,536 |
Claude Moore Charitable Foundation Fairfax, VA | $240,670,570 | $26,185,543 |
Lucille S Beeson Charitable Remainder 66 1055001761 Birmingham, AL | $200,434,362 | $15,901,903 |
Community Anti-Drug Coalitions Of America Alexandria, VA | $15,283,034 | $14,789,686 |
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Willis And Reba Johnsons Foundation Franklin, TN | $17,058,167 | $2,077,347 |
James W And Frances Gibson Mcglothlin Foundation Bristol, VA | $55,479,136 | $5,807,937 |
Yung Family Foundation The Crestview Hills, KY | $4,438,622 | $34,262 |
Eric P And Evelyn Newman Charitable Foundation Saint Louis, MO | $112,434,986 | $5,417,714 |