Kentland Foundation Inc
- Assets
- $7.7m
- Revenue
- $2.4m
- Investments
- $314.1k
- Employees
- 0
- Location
- Berryville, VA
- Founding
- 02/1967
- Data as of
- 12/2022
- EIN
- 52-6070323
Organization Overview
Kentland Foundation Inc is located in Berryville, VA. The organization was established in 1967. 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. Kentland 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, Kentland Foundation Inc generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kentland Foundation Inc has awarded 166 individual grants totaling $3,431,000. 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 |
|---|---|---|---|
Leo J Walker President | 40 | $81,380 | |
Sheila O Stedman Vice Preside | 40 | $81,380 | |
Alexandra Walker Secretary | 40 | $68,925 | |
William B Walker Treasurer | 40 | $57,635 | |
Juliana M Macdowell Asst Treasur | 40 | $77,258 | |
Helene W Mccarron Asst To Pres | 40 | $53,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $97 |
| Dividends & Interest | $6,760 |
| Net Rental Income | $954,906 |
| Net Gain on Sale of Assets | -$8,686 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $534 |
| Total Revenue | $2,434,797 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $289,320 |
| Other employee salaries and wages | $188,829 |
| Pension plans, employee benefits | $197,740 |
| Interest | $102,770 |
| Taxes | $63,056 |
| Depreciation | $58,024 |
| Occupancy | $54,158 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,497,257 |
| Total operating and administrative expenses | $2,459,202 |
| Contributions, gifts, grants paid | $2,032,500 |
| Total expenses and disbursements | $4,491,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,146 |
| Savings and temporary cash investments | $0 |
| 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 | $4,987,038 |
| Investments—mortgage loans | $0 |
| Investments—other | $314,096 |
| Net Land, buildings, and equipment | $1,993,658 |
| Other assets | $22,077 |
| Total assets | $7,681,015 |
| 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 | $1,265,902 |
| Other liabilities | $69,222 |
| Total liabilities | $1,335,124 |
Grants Awarded
Over the last fiscal year, Kentland Foundation Inc has awarded $2,032,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CLARK COUNTY SHERIFF'S OFFICE PURPOSE: FOR LOCAL GOVT PUBLIC SAFETY PROGRAM | $500 |
HERO'S HOMES INC PURPOSE: MILITARY VETERANS HOUSING ASSITANCE | $1,000 |
IDA'S GIFT INC PURPOSE: FOR COMMUNITY ADVANCEMENT | $15,000 |
IDA'S GIFT INC PURPOSE: FOR COMMUNITY ADVANCEMENT | $2,000,000 |
JUVENILE DIABETES RESEARCH FOUNDATI PURPOSE: FOR CHILDREN'S MEDICAL ADVANCEMENT | $2,500 |
PUNAHOU SCHOOL PURPOSE: FOR UNRESTRICTED GENERAL SCHOOL USE | $1,000 |