Kennedy Krieger Foundation Inc
- Assets
- $73.6m
- Revenue
- $15.9m
- Investments
- $1.7m
- Employees
- 15
- Location
- Baltimore, MD
- Founding
- 07/1996
- Data as of
- 06/2020
- EIN
- 52-1734695
Organization Overview
Kennedy Krieger Foundation Inc is located in Baltimore, MD. The organization was established in 1996. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2020, Kennedy Krieger Foundation Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Kennedy Krieger Foundation Inc generated $15.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $16.7m during the year ending 06/2020. While expenses have increased by 18.5% per year over the past 5 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 2015, Kennedy Krieger Foundation Inc has awarded 19 individual grants totaling $37,177,897. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING AND MANAGING ENDOWMENT FUNDS TO BENEFIT KENNEDY KRIEGER INSTITUTE AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO SUPPORT THE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES OF THE AFFILIATED CORPORATIONS THAT MAKE UP THE KENNEDY KRIEGER INSTITUTE.
FOUNDATION STAFF IS OFTEN INVOLVED IN PROGRAMMATIC ACTIVITIES AS PART OF THEIR WORK WEEK, ACTIVITIES THAT DO NOT FALL UNDER THEIR MANAGEMENT OR FUND RAISING FUNCTIONS. HIGHLIGHTS INCLUDE DIRECT INVOLVEMENT IN: JOINING VOLUNTEERS TO HELP WITH ACTIVITIES THAT DIRECTLY BENEFIT INPATIENT AND OUTPATIENT CHILDREN AND THEIR FAMILIES; RESEARCH BRIEFINGS FOR INTERESTED PARENTS AND COMMUNITY GROUPS; AND SPECIAL EVENTS OR GATHERINGS TO SPECIFICALLY BENEFIT THE PATIENTS AND FAMILIES SERVED. THE FOUNDATION STAFF IS ALSO ACTIVE IN EDUCATING CONSTITUENTS AND THE GENERAL PUBLIC ABOUT KENNEDY KRIEGER SERVICES, RESEARCH EFFORTS, THE UNIQUE NEEDS OF THE PATIENT AND STUDENT POPULATIONS, AND THE WORK OF OVER 140 FACULTY AND OVER 900 TRAINEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lainy Lebow-Sachs Former SVP - External Relations | 22 | $208,866 | |
Steven Tuttle Part Year VP - Philanthropy | 39 | $206,861 | |
Mark Furst Former SVP - External Relations | 22 | $97,325 | |
James M Anders Jr Secretary | Officer | 1 | $9,417 |
Bradley L Schlaggar MD PHD President & CEO | OfficerTrustee | 1 | $8,949 |
Michael J Neuman Treasurer | Officer | 1 | $4,356 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blackbaud Database Management | 6/29/20 | $108,791 |
Fandango Ii Llc Promotion | 6/29/20 | $202,635 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $21,840 |
| Membership dues | $0 |
| Fundraising events | $735,037 |
| Related organizations | $30,423 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,812,788 |
| Noncash contributions included in lines 1a–1f | $705,012 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,600,088 |
| Total Program Service Revenue | $0 |
| Investment income | $2,037,648 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $266,621 |
| Net Income from Fundraising Events | $40,678 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,945,035 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,020,451 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $522,349 |
| Compensation of current officers, directors, key employees. | $19,258 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,159,126 |
| Pension plan accruals and contributions | $116,694 |
| Other employee benefits | $350,141 |
| Payroll taxes | $116,526 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,650 |
| Fees for services: Accounting | $1,594 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,826 |
| Fees for services: Other | $606,098 |
| Advertising and promotion | $73,397 |
| Office expenses | $294,262 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $278,741 |
| Travel | $27,207 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,205 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,798 |
| All other expenses | $0 |
| Total functional expenses | $16,669,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,240,204 |
| Pledges and grants receivable | $2,096,480 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,667 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $56,641,600 |
| Investments—other securities | $1,664,001 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $73,643,952 |
| Accounts payable and accrued expenses | $45,080 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,811,962 |
| Total liabilities | $5,857,042 |
| Net assets without donor restrictions | $56,372,215 |
| Net assets with donor restrictions | $11,414,695 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $73,643,952 |
Grants Awarded
Over the last fiscal year, Kennedy Krieger Foundation Inc has awarded $13,020,451 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: SUPPORT OPERATING NEEDS OF ORGANIZATION | $10,932,463 |
Baltimore, MD PURPOSE: TRANSFER OF RESTRICTED CONTRIBUTIONS | $1,328,215 |
Baltimore, MD PURPOSE: TRANSFER OF RESTRICTED CONTRIBUTIONS | $759,773 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Kennedy Krieger Foundation Inc has recieved totaling $32,827.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $19,227 |
Raymond James Charitable Endowment Fund St Petersburg, FL PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $12,000 |
Sheldon And Carol Glusman Foundation Inc Baltimore, MD PURPOSE: GENERAL FUND | $1,000 |
David W Buck Family Foundation Inc Sparks, MD PURPOSE: GENERAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $50 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $50 |
Endowment Analysis
| Beg. Balance | $56,202,800 |
| Earnings | $2,555,746 |
| Admin Expense | $18,826 |
| Other Expense | $2,098,120 |
| Ending Balance | $56,641,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
College Foundation Of The University Of Virginia Charlottesville, VA | $173,817,709 | $26,400,108 |
Kennedy Krieger Foundation Inc Baltimore, MD | $73,643,952 | $15,945,035 |
The M S Hershey Foundation Hershey, PA | $56,217,627 | $12,355,652 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $13,512,280 |
Pittsburgh Promise Foundation Pittsburgh, PA | $66,594,047 | $8,011,763 |
Taubman Foundation For The Arts Roanoke, VA | $40,514,928 | $10,910,819 |
The Fund For The School District Of Philadelphia Philadelphia, PA | $7,646,928 | $11,950,754 |
Amalgamated Charitable Foundation Inc Washington, DC | $15,561,577 | $22,894,824 |
James Family Charitable Foundation Charlottesville, VA | $167,670,985 | $9,863,945 |
Travis Manion Foundation Doylestown, PA | $3,378,488 | $9,682,762 |
The Pauley Family Foundation Richmond, VA | $127,013,005 | $17,922,196 |