Dr And Mrs Hugh A Kennedy Foundation
- Assets
- $12.0m
- Revenue
- $1.5m
- Investments
- $11.6m
- Employees
- 0
- Location
- Corpus Christi, TX
- Founding
- 04/2001
- Data as of
- 12/2021
- 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 12/2021, Dr And Mrs Hugh A Kennedy Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $665.5k during the year ending 12/2021. While expenses have increased by 1.6% 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 86 individual grants totaling $3,584,565. 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 | |
Patricia Williams Vice Preside | 2 | $8,000 | |
Barbara Little Treasurer | 2 | $8,000 | |
Patricia Cano Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $266,635 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,263,000 |
| Capital Gain Net Income | $1,263,000 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,529,635 |
| 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 | $8,522 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $650 |
| Total operating and administrative expenses | $151,462 |
| Contributions, gifts, grants paid | $514,000 |
| Total expenses and disbursements | $665,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,141 |
| Savings and temporary cash investments | $379,134 |
| 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 | $6,588 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,956,710 |
| 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 $514,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTUS SPOHN HEALTH SYSTEM FDN PURPOSE: FACILITY IMPROVEMENTS | $137,000 |
ST PATRICK'S CHURCH PURPOSE: GENERAL PROGRAM SUPPORT | $100,000 |
Madison, WI PURPOSE: SCHOLARSHIPS | $82,000 |
UNIVERSITY OF WISCONSIN-OSHKOSH FDN PURPOSE: SCHOLARSHIPS | $40,000 |
BOY SCOUTS OF AMERICA - SOUTH TEXAS PURPOSE: REFURBISH STAFF CABINS | $30,000 |
ST JOHN PAUL II HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |