Kendel H Kennedy Foundation Inc
- Assets
- $8.4m
- Revenue
- $472.1k
- Investments
- $7.9m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 10/2016
- Data as of
- 12/2023
- EIN
- 81-3381022
Organization Overview
Kendel H Kennedy Foundation Inc is located in Naples, FL. The organization was established in 2016. 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. Kendel H Kennedy Foundation Inc 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, Kendel H Kennedy Foundation Inc generated $472.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $466.0k during the year ending 12/2023. While expenses have increased by 5.4% 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 2017, Kendel H Kennedy Foundation Inc has awarded 52 individual grants totaling $2,406,020. 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 |
|---|---|---|---|
Kendel H Kennedy President | 40 | $80,000 | |
Forrest I Mulcahy Vice Preside | 0.3 | $0 | |
Morgan Herterich Treasurer/se | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $201,107 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $270,987 |
| Capital Gain Net Income | $270,987 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $472,094 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $26,141 |
| Interest | $0 |
| Taxes | $5,529 |
| Depreciation | $680 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,305 |
| Total operating and administrative expenses | $145,026 |
| Contributions, gifts, grants paid | $321,020 |
| Total expenses and disbursements | $466,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350,541 |
| Savings and temporary cash investments | $155,766 |
| 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 | $3,417 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,359,854 |
| 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 | $21,921 |
| Total liabilities | $21,921 |
Grants Awarded
Over the last fiscal year, Kendel H Kennedy Foundation Inc has awarded $321,020 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
KIDS ON POINT PURPOSE: EDUCATION SUPPORT | $20,020 |
FRIENDS OF LC BATES MUSEUM PURPOSE: SUPPORT FOR EDUCATION PROGRAM | $60,000 |
TREKKERS PURPOSE: EDUCATION AND OUTREACH PROGRAMS | $33,000 |
WATERFALL ARTS PURPOSE: ARTS SUPPORT | $20,000 |
MERRY SPRING NATURE CENTER PURPOSE: PROTECT NATURAL ENVIRONMENT | $25,000 |
COCONUT GROVE CARES PURPOSE: SUPPORT FOR NEIGHBORHOOD COMM CENTER | $20,000 |