Grace Smith Keveren And Kenneth A Keveren Foundation Inc
- Assets
- $1.3m
- Revenue
- $31.4k
- Investments
- $313.1k
- Employees
- 0
- Location
- Twin Falls, ID
- Founding
- 09/1978
- Data as of
- 12/2022
- EIN
- 82-0343412
Organization Overview
Grace Smith Keveren And Kenneth A Keveren Foundation Inc is located in Twin Falls, ID. The organization was established in 1978. 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. Grace Smith Keveren And Kenneth A Keveren 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 12/2022, Grace Smith Keveren And Kenneth A Keveren Foundation Inc generated $31.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $73.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Grace Smith Keveren And Kenneth A Keveren Foundation Inc has awarded 95 individual grants totaling $485,801. 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 |
|---|---|---|---|
Mark F Holmstead Director | 0 | $0 | |
G Kent Taylor President | 2 | $0 | |
Shawna M Howe Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,961 |
| Dividends & Interest | $9,799 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,623 |
| Capital Gain Net Income | $6,623 |
| Net ST Capital Gain | $771 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,383 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $180 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,912 |
| Total operating and administrative expenses | $9,352 |
| Contributions, gifts, grants paid | $63,853 |
| Total expenses and disbursements | $73,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,010,375 |
| 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 | $152,746 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,323,475 |
| 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, Grace Smith Keveren And Kenneth A Keveren Foundation Inc has awarded $63,853 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
KIMBERLY LIBRARY PURPOSE: SUPPORT LOCAL LIBRARY | $5,000 |
MAGIC VALLEY ARTS COUNCIL PURPOSE: SUPPORT LOCAL ARTS | $2,500 |
CHAPTER AI PEO PURPOSE: SUPPORT LOCAL GROUP | $20,601 |
TWIN FALLS LIBRARY FOUNDATION PURPOSE: SUPPORT LOCAL LIBRARY | $16,250 |
ARTS ON TOUR PURPOSE: SUPPORT LOCAL ARTS | $1,552 |
MAGIC VALLEY SYMPHONY PURPOSE: SUPPORT LOCAL ARTS | $2,500 |