Kessinger Family Foundation
- Assets
- $479.6k
- Revenue
- $32.2k
- Investments
- $476.4k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 47-1082331
Organization Overview
Kessinger Family Foundation is located in Wilmington, DE. The organization was established in 2015. 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. Kessinger 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 12/2023, Kessinger Family Foundation generated $32.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $21.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kessinger Family Foundation has awarded 26 individual grants totaling $218,400. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Kessinger Dir | 1 | $0 | |
Mia Kessinger Dir | 1 | $0 | |
Naomi Kessinger Dir | 1 | $0 | |
Rachel Kessinger Vp, Dir | 1 | $0 | |
William Kessinger Pres, Dir, Sec, Treas | 1 | $0 | |
Sara Regan Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,517 |
| Interest on Savings | $131 |
| Dividends & Interest | $12,941 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,166 |
| Capital Gain Net Income | $10,166 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,452 |
| Total Revenue | $32,207 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $118 |
| Taxes | $1,900 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,105 |
| Total operating and administrative expenses | $20,479 |
| Contributions, gifts, grants paid | $500 |
| Total expenses and disbursements | $20,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,268 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $479,637 |
| 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, Kessinger Family Foundation has awarded $45,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CORPORATION OF HAVERFORD COLLEGE PURPOSE: THE KESSINGER FAMILY FUND FOR COMMUNITY SERVICE | $10,000 |
CORPORATION OF HAVERFORD COLLEGE PURPOSE: THE KESSINGER FAMILY FUND FOR ASIAN PERFORMING ART | $10,000 |
DECLAN DRUMM SULLIVAN MEMORIAL FUND PURPOSE: GENERAL & UNRESTRICTED | $500 |
STANFORD UNIVERSITY PURPOSE: THE STANFORD FUND | $25,000 |