Frank H Kenan Chapel At Landfall
- Assets
- $1.6m
- Revenue
- $237.7k
- Investments
- $810.2k
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 12/1999
- Data as of
- 12/2023
- EIN
- 56-2099460
Organization Overview
Frank H Kenan Chapel At Landfall is located in Wilmington, NC. The organization was established in 1999. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frank H Kenan Chapel At Landfall 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, Frank H Kenan Chapel At Landfall generated $237.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $181.2k during the year ending 12/2023. While expenses have increased by 3.9% per year over the past 8 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN INTER-FAITH CHAPEL FOR RELIGIOUS ACTIVITIES SUCH AS WEDDINGS, MEMORIAL SERVICES, BAPTISMS, RECITALS/CONCERTS, BIBLE STUDIES, RELIGIOUS EDUCATION PROGRAMS, AND FOR INDIVIDUAL MEDITATION AND PRAYER.THE CHAPEL HOSTS MORE THAN 60 OF THESE TYPES OF EVENTS A YEAR. IN ADDITION, THE MEMORIAL GARDEN IS AVAILABLE FOR THE BURIAL AND SCATTERING OF ASHES OF LOVED ONES.THE CHAPEL FEATURES AN OPUS 43 ORGAN, HANDMADE IN STAUNTON, VIRGINIA. THE CHAPEL IS A POPULAR VENUE FOR MUSICAL PERFORMANCES AND THE MUSIC PROGRAM'S MISSION IS TO OFFER THE LOCAL COMMUNITY MUSIC AND EVENTS TO SUPPORT YOUNG EMERGING ARTISTS FROM NORTH CAROLINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Kane President | 5 | $0 | |
Katherine Thomas Vice President | 5 | $0 | |
Patricia Marchi Secretary | 5 | $0 | |
Marie Gillis Treasurer | 5 | $0 | |
Ronald Leuchs Director | 5 | $0 | |
John J Ballance Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $137,190 |
| Interest on Savings | $1,154 |
| Dividends & Interest | $24,250 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$27,617 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $102,734 |
| Total Revenue | $237,711 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $329 |
| Depreciation | $41,931 |
| Occupancy | $72,535 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $5,616 |
| Other expenses | $39,552 |
| Total operating and administrative expenses | $179,728 |
| Contributions, gifts, grants paid | $1,500 |
| Total expenses and disbursements | $181,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,021 |
| Savings and temporary cash investments | $120,746 |
| 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 | $810,186 |
| Net Land, buildings, and equipment | $580,345 |
| Other assets | $0 |
| Total assets | $1,560,298 |
| Accounts payable and accrued expenses | $689 |
| 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 | $689 |