J Kent Mcnew Family Foundation
- Assets
- $5.9k
- Revenue
- $52.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 04/2018
- Data as of
- 12/2022
- EIN
- 82-3188600
Organization Overview
J Kent Mcnew Family Foundation is located in Annapolis, MD. The organization was established in 2018. 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. J Kent Mcnew Family 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, J Kent Mcnew Family Foundation generated $52.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $54.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, J Kent Mcnew Family Foundation has awarded 131 individual grants totaling $192,493. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $52,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,646 |
| Contributions, gifts, grants paid | $52,485 |
| Total expenses and disbursements | $54,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,896 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,896 |
| 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, J Kent Mcnew Family Foundation has awarded $52,485 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
Annapolis, MD PURPOSE: SUPPORT FOR MEDICAL CENTER | $25,000 |
AACC FOUNDATION PURPOSE: SUPPORT FOR COMMUNITY COLLEGE PROGRAMS AND SCHOLARSHIPS | $10,000 |
VALLEY FORGE MILITARY ACADEMY AND COLLEGE PURPOSE: SUPPORT EDUCATION OF CADETS | $10,000 |
Chester, MD PURPOSE: WILDLIFE CONSERVATION | $2,000 |
VES LAND TRUST PURPOSE: SUPPORT FOR THE PRESERVATION OF LAND ON THE EASTERN SHORE OF VIRGINIA | $1,040 |
THE SALVATION ARMY PURPOSE: SUPPORT FOR THE POOR | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
Head & Heart Foundation Tr Wilmington, DE | $258,907,072 | $16,871,801 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |
Joseph And Marion Wesley Family Foundation Philadelphia, PA | $658,173 | $9,365,078 |
National Minority Quality Forum Inc Washington, DC | $4,852,871 | $11,649,230 |
Arete Foundation Philadelphia, PA | $69,704,325 | $5,927,114 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
Independence Blue Cross Foundation Philadelphia, PA | $149,853,954 | $24,274,350 |
Robert H Smith Family Foundation Arlington, VA | $10,315,724 | -$3,599,936 |