Mark H Kennedy Memorial Fund 9388493300
- Assets
- $6.2m
- Revenue
- $406.4k
- Investments
- $5.9m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/1989
- Data as of
- 12/2023
- EIN
- 55-0684352
Organization Overview
Mark H Kennedy Memorial Fund 9388493300 is located in Chicago, IL. The organization was established in 1989. 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. Mark H Kennedy Memorial Fund 9388493300 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, Mark H Kennedy Memorial Fund 9388493300 generated $406.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $455.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mark H Kennedy Memorial Fund 9388493300 has awarded 49 individual grants totaling $2,218,757. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $203,796 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $202,580 |
| Capital Gain Net Income | $202,580 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $406,376 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $78,125 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,798 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $86,923 |
| Contributions, gifts, grants paid | $368,200 |
| Total expenses and disbursements | $455,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,332 |
| Savings and temporary cash investments | $153,053 |
| 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 | $396,858 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,171,398 |
| 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, Mark H Kennedy Memorial Fund 9388493300 has awarded $368,200 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BETHANY COLLEGE OFFICE OF THE PURPOSE: GENERAL | $52,600 |
SALVATION ARMY - WHEELING CHAPTER PURPOSE: GENERAL | $52,600 |
AMER RED CROSS-RIVER VALLEY CHAPTER PURPOSE: GENERAL | $52,600 |
OGLEBAY INSTITUTE PURPOSE: GENERAL | $52,600 |
Y M C A PURPOSE: GENERAL | $52,600 |
WHEELING PARK COMMISSION PURPOSE: GENERAL | $52,600 |