Kennek Foundation Inc
- Assets
- $7.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marblehead, MA
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 47-2142054
Organization Overview
Kennek Foundation Inc is located in Marblehead, MA. The organization was established in 2015. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kennek Foundation Inc 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, Kennek Foundation Inc generated $39.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $43.0k during the year ending 12/2022. While expenses have increased by 12.4% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila M Duncan President | 30 | $0 | |
Susan J Donahue Secretary | 2 | $0 | |
Patricia A Narcessian Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,305 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,868 |
| Other Revenue | $0 |
| Total Revenue | $39,173 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,289 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $344 |
| Other expenses | $20,607 |
| Total expenses | $42,958 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,213 |
| Other assets | $0 |
| Total assets | $7,163 |
| Total liabilities | $25,653 |
| Net assets or fund balances | -$18,490 |