Lou And Bud Kennedy Family Foundation
- Assets
- $923.7k
- Revenue
- $114.5k
- Investments
- $682.2k
- Employees
- 0
- Location
- Fair Oaks Ranch, TX
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-5166978
Organization Overview
Lou And Bud Kennedy Family Foundation is located in Fair Oaks Ranch, TX. The organization was established in 2014. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Lou And Bud Kennedy Family 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 12/2022, Lou And Bud Kennedy Family Foundation generated $114.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $94.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lou And Bud Kennedy Family Foundation has awarded 172 individual grants totaling $262,065. 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 |
|---|---|---|---|
Charles W Kennedy Jr President | 0.5 | $0 | |
Louise P Kennedy Vp/sec/treas | 0.5 | $0 | |
Charles W Kennedy III Director | 0.5 | $0 | |
Bennett H Kennedy Director | 0.5 | $0 | |
Michael P Kennedy Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $82,359 |
| Interest on Savings | $24 |
| Dividends & Interest | $8,954 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,188 |
| Capital Gain Net Income | $23,188 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $114,525 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,141 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $346 |
| Total operating and administrative expenses | $11,586 |
| Contributions, gifts, grants paid | $82,764 |
| Total expenses and disbursements | $94,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,557 |
| Savings and temporary cash investments | $10,800 |
| 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 | $682,247 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $177,103 |
| Total assets | $923,707 |
| 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, Lou And Bud Kennedy Family Foundation has awarded $82,764 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: CHARITABLE | $200 |
ALS ASSOCIATION TEXAS CHAPTER PURPOSE: CHARITABLE | $200 |
SPECIAL OLYMPICS TEXAS PURPOSE: CHARITABLE | $200 |
KLRN PURPOSE: CHARITABLE | $150 |
BASS CLUB OF CHAMPIONS PURPOSE: CHARITABLE | $1,000 |
LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: CHARITABLE | $500 |