Augustus H Kennedy Memorial Fund Trust Nect
- Assets
- $5.1m
- Revenue
- $468.4k
- Investments
- $5.1m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 07/1978
- Data as of
- 08/2023
- EIN
- 41-1328800
Organization Overview
Augustus H Kennedy Memorial Fund Trust Nect is located in Milwaukee, WI. The organization was established in 1978. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Augustus H Kennedy Memorial Fund Trust Nect 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 08/2023, Augustus H Kennedy Memorial Fund Trust Nect generated $468.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $422.8k during the year ending 08/2023. While expenses have increased by 2.7% per year over the past 6 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.
Since 2017, Augustus H Kennedy Memorial Fund Trust Nect has awarded 30 individual grants totaling $1,888,179. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $153,766 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $314,557 |
| Capital Gain Net Income | $314,557 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $90 |
| Total Revenue | $468,413 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $66,083 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,452 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $91,720 |
| Contributions, gifts, grants paid | $331,060 |
| Total expenses and disbursements | $422,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,968 |
| 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 | $4,486,278 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,117,432 |
| 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, Augustus H Kennedy Memorial Fund Trust Nect has awarded $331,060 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHDIOCESE OF ST PAUL & MINNEAPOLIS PURPOSE: GENERAL OPERATING | $16,553 |
MAYO CLINIC PURPOSE: GENERAL OPERATING | $99,318 |
SAINT PAUL & MINNESOTA FOUNDATION PURPOSE: GENERAL OPERATING | $82,765 |
MISSIONARY OBLATES - MARY IMMACULATE PURPOSE: GENERAL OPERATING | $99,318 |
THE DIOCESE OF MIAMI PURPOSE: GENERAL OPERATING | $33,106 |