Keown Charitable Foundation
- Assets
- $7.3m
- Revenue
- $260.1k
- Investments
- $6.7m
- Employees
- 0
- Location
- College Station, TX
- Founding
- 07/1993
- Data as of
- 06/2023
- EIN
- 74-2668057
Organization Overview
Keown Charitable Foundation is located in College Station, TX. The organization was established in 1993. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keown Charitable Foundation 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 06/2023, Keown Charitable Foundation generated $260.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $369.9k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Keown Charitable Foundation has awarded 356 individual grants totaling $2,786,353. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 1 | $59,570 | |
Mitchell Koop Trustee | 4 | $15,600 | |
Laverne Klenk Trustee | 4 | $15,600 | |
Charles Wendt Trustee | 4 | $15,600 | |
Mary Cole Trustee | 4 | $15,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $245,832 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $10,851 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,271 |
| Total Revenue | $260,103 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $121,970 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,398 |
| Depreciation | $3,239 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $723 |
| Total operating and administrative expenses | $139,076 |
| Contributions, gifts, grants paid | $230,864 |
| Total expenses and disbursements | $369,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $535,464 |
| 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 | $4,580 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,747,378 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5 |
| Total assets | $7,287,427 |
| 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, Keown Charitable Foundation has awarded $230,864 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN LEGION POST 146 PURPOSE: GRANT | $0 |
BEDIAS BAPTIST CHURCH PURPOSE: FELLOWSHIP | $8,500 |
AMERICAN MUSIC & DRAMATIC ARTS PURPOSE: SCHOLARSHIP | $0 |
BLINN COLLEGE PURPOSE: SCHOLARSHIP | $3,000 |
CONCORDIA UNIVERSITY PURPOSE: SCHOLARSHIP | $0 |
BETHLEHEM LUTHERAN CHURCH PURPOSE: FELLOWSHIP | $2,500 |