Charles F Kettering Foundation
- Assets
- $413.9m
- Revenue
- $17.8m
- Investments
- $384.2m
- Employees
- 0
- Location
- Dayton, OH
- Founding
- 01/1938
- Data as of
- 12/2020
- EIN
- 31-0549056
Organization Overview
Charles F Kettering Foundation is located in Dayton, OH. The organization was established in 1938. 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. Charles F Kettering Foundation 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 12/2020, Charles F Kettering Foundation generated $17.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $18.3m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT PROGRAM COSTS:THE WORK OF CITIZENS544,254THE USE OF DEMOCRATIC PRACTICES IN COMMUNITY301,876THE WORK OF COMMUNITIES IN PUBLIC EDUCATION148,265THE WORK OF CITIZENS WITH/THROUGH GOVERNMENT597,626THE WORK OF CITIZENS WITH/THROUGH JOURNALISM100,242THE WORK OF CITIZENS WITH/THROUGH HIGHER ED472,261THE WORK OF CITIZENS WITH/THROUGH NONGOVERNMENTAL ORGANIZATIONS AND GRANTMAKERS33,626THE WORK OF CITIZENS WITH/THROUGH PROFESSIONALISM35,051CITIZEN DIPLOMACY407,325MULTINATIONAL COLLABORATIVE RESEARCH66,655EXPLORATORY RESEARCH2,259,114COMMUNICATIONS838,416PERSONNEL AND TRUSTEE EXPENSES4,945,904FACILITIES AND GENERAL EXPENSES1,991,134
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mathews President & CEO | 45 | $524,009 | |
John Dedrick Evp & COO | 45 | $270,000 | |
Maxine Thomas VP & General Counsel | 45 | $270,000 | |
Jack Harper VP & Treasurer | 45 | $269,135 | |
Randy Nielsen Program Director | 45 | $180,534 | |
Valerie Lemmie Program Director | 45 | $173,735 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Information Tech Partners Inc | 12/30/21 | $334,063 |
National Issues Forum Institute | 12/30/21 | $228,482 |
Every Voice Engaged | 12/30/21 | $255,000 |
Sustained Dialogue Institute | 12/30/21 | $292,000 |
Public Agenda | 12/30/21 | $364,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,048,004 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,668,585 |
| Capital Gain Net Income | $13,668,585 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45,444 |
| Total Revenue | $17,762,033 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,129,028 |
| Other employee salaries and wages | $3,430,287 |
| Pension plans, employee benefits | $2,538,731 |
| Interest | $0 |
| Taxes | $289,678 |
| Depreciation | $421,260 |
| Occupancy | $604,040 |
| Travel, conferences, and meetings | $777,918 |
| Printing and publications | $218,000 |
| Other expenses | $6,049,601 |
| Total operating and administrative expenses | $18,031,886 |
| Contributions, gifts, grants paid | $225,000 |
| Total expenses and disbursements | $18,256,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $481,184 |
| Savings and temporary cash investments | $24,501,040 |
| 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 | $187,187 |
| Net Investments - land, buildings, equipment | $284,302 |
| Investments—mortgage loans | $0 |
| Investments—other | $97,278,579 |
| Net Land, buildings, and equipment | $4,066,200 |
| Other assets | $156,629 |
| Total assets | $413,895,327 |
| Accounts payable and accrued expenses | $2,280,405 |
| 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 | $5,397,880 |
| Total liabilities | $7,678,285 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Charles F Kettering Foundation has recieved totaling $536.
| Awarding Organization | Amount |
|---|---|
Fites Family Charitable Trust Naples, FL PURPOSE: FURTHER ITS EXEMPT PURPOSE | $500 |
Kertesz Family Foundation Beachwood, OH PURPOSE: TOBY ALFRED | $36 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
Wyncote Foundation Philadelphia, PA | $612,779,360 | $16,336,575 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |