Kilrea Foundation 23-06787 01
- Assets
- $3.7m
- Revenue
- $128.2k
- Investments
- $3.2m
- Employees
- 0
- Location
- Hilton Head Island, SC
- Founding
- 03/2003
- Data as of
- 12/2022
- EIN
- 36-7339715
Organization Overview
Kilrea Foundation 23-06787 01 is located in Hilton Head Island, SC. The organization was established in 2003. 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. Kilrea Foundation 23-06787 01 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, Kilrea Foundation 23-06787 01 generated $128.2k 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 (28.7%) each year. All expenses for the organization totaled $184.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kilrea Foundation 23-06787 01 has awarded 50 individual grants totaling $595,750. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Kilrea President | 1 | $0 | |
Mary Beth Kilrea Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $256 |
| Dividends & Interest | $36,324 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $85,616 |
| Capital Gain Net Income | $85,616 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,036 |
| Total Revenue | $128,232 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $42 |
| Taxes | $6,093 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,710 |
| Total operating and administrative expenses | $33,095 |
| Contributions, gifts, grants paid | $151,000 |
| Total expenses and disbursements | $184,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $503,707 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $498,347 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,594 |
| Total assets | $3,690,796 |
| 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, Kilrea Foundation 23-06787 01 has awarded $151,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CATO INSTITUTE PURPOSE: CHARITABLE - GENERAL SUPPORT | $10,000 |
DANIEL MURPHY SCHOLARSHIP FUND PURPOSE: CHARITABLE - GENERAL SUPPORT | $30,000 |
HERITAGE CLASSIC FOUNDATION PURPOSE: CHARITABLE - GENERAL SUPPORT | $10,000 |
LEAP (LANGUAGE EMPOWERS ALL PEOPLE) LEARNING SYSTEMS PURPOSE: CHARITABLE - GENERAL SUPPORT | $5,000 |
MIDWEST SHELTER FOR HOMELESS VETERANS INC PURPOSE: CHARITABLE - GENERAL SUPPORT | $1,000 |
SAINT MARY'S COLLEGE PURPOSE: CHARITABLE - GENERAL SUPPORT | $5,000 |