Lt Joseph P Kennedy Institute
- Assets
- $2.3m
- Revenue
- $7.6m
- Investments
- $5.4k
- Employees
- 91
- Location
- Washington, DC
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 53-0258035
Organization Overview
Lt Joseph P Kennedy Institute is located in Washington, DC. The organization was established in 1946. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Lt Joseph P Kennedy Institute employed 91 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lt Joseph P Kennedy Institute 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 06/2022, Lt Joseph P Kennedy Institute generated $7.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $7.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
KENNEDY INSTITUTE'S MISSION IS TO LEAD THROUGH INNOVATION SO PEOPLE WITH DISABILITIES LIVE WITH FREEDOM, DIGNITY, AND DISTINCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED EDUCATION AND EARLY DEVELOPMENT SERVICES FOR CHILDREN WITH DEVELOPMENT DISABILITIES, AND OTHER SERVICES TO AND FOR PERSONS WITH DEVELOPMENT DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Jane Morrow Chief Financial Officer | Officer | 2.7 | $0 |
FR John Enzler President And CEO | Officer | 2.7 | $0 |
Elizabeth Gorman Chief Development Officer | Officer | 2.7 | $0 |
Patrick Dunne Chief Operating Officer | Officer | 2.7 | $0 |
Joan Fowler-Brown Chief Of Staff | Officer | 2.7 | $0 |
Mr Kevin Virostek Chairman | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,776 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,183,472 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,613 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,262,861 |
| Total Program Service Revenue | $265,013 |
| Investment income | $26 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,568,798 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,748,000 |
| Pension plan accruals and contributions | $389,648 |
| Other employee benefits | $540,381 |
| Payroll taxes | $345,723 |
| Fees for services: Management | $436 |
| Fees for services: Legal | $2,610 |
| Fees for services: Accounting | $38,907 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $313,527 |
| Advertising and promotion | $2,090 |
| Office expenses | $195,967 |
| Information technology | $47,956 |
| Royalties | $0 |
| Occupancy | $694,927 |
| Travel | $28,438 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $164,182 |
| Insurance | $23,546 |
| All other expenses | $0 |
| Total functional expenses | $7,741,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $62,233 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,515,184 |
| 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 | $14,022 |
| Net Land, buildings, and equipment | $662,212 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,391 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,259,042 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,897,579 |
| 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 | $18,302 |
| Total liabilities | $1,915,881 |
| Net assets without donor restrictions | $1,681,455 |
| Net assets with donor restrictions | -$1,338,294 |
| 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 | $2,259,042 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lt Joseph P Kennedy Institute has recieved totaling $10,814.
| Awarding Organization | Amount |
|---|---|
Resource Connections Incorporated Lanham, MD PURPOSE: DIRECT SUPPORT WAGE SUPPLEMENT | $5,407 |
Resource Connections Incorporated Lanham, MD PURPOSE: DIRECT SUPPORT WAGE SUPPLEMENT | $5,407 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arc Of Southern Maryland Prince Frederick, MD | $20,252,712 | $23,758,996 |
The Arc Northern Chesapeake Region Incorporated Aberdeen, MD | $17,653,773 | $22,151,170 |
Reginald S Lourie Center For Infants And Young Children Gaithersburg, MD | $4,393,649 | $15,942,732 |
Soar 365 Richmond, VA | $23,580,904 | $17,622,374 |
Penn Mar Organization Inc Freeland, MD | $15,758,065 | $17,303,398 |
The Arc Of Howard County Inc Ellicott City, MD | $14,466,921 | $15,947,304 |
Langton Green Inc Annapolis, MD | $16,179,901 | $16,457,748 |
Athelas Institute Inc Columbia, MD | $22,154,971 | $13,906,432 |
Arc Of Carroll County Inc Westminster, MD | $13,839,046 | $12,376,111 |
Goodwill Services Inc Richmond, VA | $4,923,731 | $11,570,082 |
L I F E Inc Baltimore, MD | $7,124,708 | $10,887,103 |
The Arc Of The United States Washington, DC | $18,905,974 | $11,401,941 |