Dr And Mrs Hugh A Kennedy Foundation
- Assets
- $11.7m
- Revenue
- $537.1k
- Investments
- $11.0m
- Employees
- 0
- Location
- Corpus Christi, TX
- Founding
- 04/2001
- Data as of
- 12/2022
- EIN
- 74-2983794
Organization Overview
Dr And Mrs Hugh A Kennedy Foundation is located in Corpus Christi, TX. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Dr And Mrs Hugh A Kennedy 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 12/2022, Dr And Mrs Hugh A Kennedy Foundation generated $537.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $775.9k during the year ending 12/2022. While expenses have increased by 3.5% per year over the past 7 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.
Since 2016, Dr And Mrs Hugh A Kennedy Foundation has awarded 99 individual grants totaling $4,150,465. 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 |
|---|---|---|---|
Martin C Davis President | 15 | $60,000 | |
Barbara Little Treasurer | 2 | $8,000 | |
Patricia Williams Vice Preside | 2 | $8,000 | |
Patricia Cano Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $281,535 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $255,544 |
| Capital Gain Net Income | $255,544 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $537,079 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $76,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,455 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $96 |
| Printing and publications | $0 |
| Other expenses | $865 |
| Total operating and administrative expenses | $160,860 |
| Contributions, gifts, grants paid | $615,000 |
| Total expenses and disbursements | $775,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,587 |
| Savings and temporary cash investments | $670,559 |
| 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 | $20,217 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,717,929 |
| 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, Dr And Mrs Hugh A Kennedy Foundation has awarded $615,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BOY SCOUTS OF AMERICA - SOUTH TEXAS PURPOSE: GENERAL SUPPORT | $30,000 |
CHRISTUS SPOHN HEALTH SYSTEM FDN PURPOSE: COMPREHENISVE STROKE PROGRAM | $183,000 |
CORPUS CHRISTI SYMPHONY PURPOSE: EDUCATIONAL PROGRAMS | $10,000 |
COASTAL BEND COMMUNITY FOUNDATION PURPOSE: DAY OF GIVING | $25,000 |
SOUTH TEXAS PUBLIC BROADCASTING PURPOSE: KEDTV | $25,000 |
SALVATION ARMY - CORPUS CHRISTI PURPOSE: GENERAL SUPPORT | $25,000 |