Kent Corporation Charitable Foundation
- Assets
- $110.9k
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Muscatine, IA
- Founding
- 08/1948
- Data as of
- 12/2021
- EIN
- 42-6058939
Organization Overview
Kent Corporation Charitable Foundation is located in Muscatine, IA. The organization was established in 1948. According to its NTEE Classification (K11) the organization is classified as: Single Organization Support, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kent Corporation Charitable 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 12/2021, Kent Corporation Charitable Foundation generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 21.2% per year over the past 7 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 2016, Kent Corporation Charitable Foundation has awarded 236 individual grants totaling $20,604,962. 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 |
|---|---|---|---|
Gage A Kent Trustee | 1 | $0 | |
Jeffrey R Jarrett Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,340,000 |
| Interest on Savings | $138 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,340,138 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $609 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $740 |
| Contributions, gifts, grants paid | $2,474,670 |
| Total expenses and disbursements | $2,475,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $100,335 |
| 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 | $0 |
| Net Land, buildings, and equipment | $10,530 |
| Other assets | $0 |
| Total assets | $110,865 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,163,300 |
| 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 | $2,163,300 |
Grants Awarded
Over the last fiscal year, Kent Corporation Charitable Foundation has awarded $4,949,340 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
Ames, IA PURPOSE: GENERAL OPERATIONS | $1,600,000 |
Ames, IA PURPOSE: GENERAL OPERATIONS | $1,600,000 |
Ames, IA PURPOSE: GENERAL OPERATIONS | $300,000 |
Ames, IA PURPOSE: GENERAL OPERATIONS | $300,000 |
MUSCATINE ART CENTER PURPOSE: GENERAL OPERATIONS | $147,500 |
MUSCATINE ART CENTER PURPOSE: GENERAL OPERATIONS | $147,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kent Corporation Charitable Foundation Muscatine, IA | $110,865 | $2,340,138 |
Hcfn Title Holding Corporation Kansas City, MO | $15,798,430 | $983,086 |
Wisconsin Restaurant Association Education Foundation Inc Madison, WI | $1,605,124 | $842,146 |
Kikkoman Foods Foundation Inc Walworth, WI | $10,054,783 | $1,155,966 |
Center For Human Nutrition Foundation Omaha, NE | $7,862,151 | $979,004 |
Feeding Tomorrow Chicago, IL | $10,404,409 | $595,738 |
Friends Of The Omaha Farmers Market Omaha, NE | $89,899 | $0 |
Orland Township Food Pantry Fndn Orland Park, IL | $411,591 | $0 |
Central States Fair Foundation Rapid City, SD | $402,380 | $0 |
E Owen Keeler Charitable Trust Milwaukee, WI | $304,439 | $6,201 |
Logan County Fair Foundation Lincoln, IL | $143,712 | $0 |
Lifescape Community Services Foundation Nfp Rockford, IL | $1,531,175 | $149,601 |