John G Kenedy Jr Charitable Tr -Surface Estate Tr
- Assets
- $46.1m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 1
- Location
- San Antonio, TX
- Founding
- 06/2018
- Data as of
- 04/2020
- EIN
- 82-6501674
Organization Overview
John G Kenedy Jr Charitable Tr -Surface Estate Tr is located in San Antonio, TX. The organization was established in 2018. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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.
For the year ending 04/2020, John G Kenedy Jr Charitable Tr -Surface Estate Tr generated $4.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (23.8%) each year. All expenses for the organization totaled $6.9m during the year ending 04/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THIS TRUST WAS CREATED TO SUPPORT THE SIX MENTIONED IN THE WILL OF ELENA S. KENEDY. SEE ATTACHMENT 1 FOR FURTHER DETAIL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF CHARITABLE ORGANIZATIONS NAMED IN THE ORGANIZING DOCUMENTS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frost Bank Co-Trustee Sharon Shirley, Administrator | 40 | $144,328 | |
Pablo E Suess Co-Trustee | Trustee | 40 | $43,425 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $769,768 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,720,789 |
| Net Rental Income | $1,087,080 |
| Net Gain/Loss on Asset Sales | -$344,881 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,396,154 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $202,707 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,250 |
| Fees for services: Accounting | $7,816 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,939,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,995 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $23,788,011 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,092,794 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $46,092,794 |
| Total liabilities and net assets/fund balances | $46,092,794 |
Endowment Analysis
| Beg. Balance | $48,636,404 |
| Earnings | $4,396,155 |
| Other Expense | $752,093 |
| Grants | $6,187,672 |
| Ending Balance | $46,092,794 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nancy Ann Hunt Foundation Dallas, TX | $47,238,856 | $6,531,892 |
Leta Mcfarlin Chapman Memorial Tr Tulsa, OK | $296,304,969 | $18,821,630 |
The Walton Family Charitable Support Foundation Inc Bentonville, AR | $649,821,974 | $39,141,884 |
Thomas M & Helen Mckee & John P Ryan Foundation Inc Fort Worth, TX | $119,820,742 | $4,644,502 |
John G Kenedy Jr Charitable Trust San Antonio, TX | $150,220,545 | $6,932,861 |
Walter S & Evan C Jones Trust Bank Iv Kansas Na Ttee Dallas, TX | $0 | $6,424,264 |
Mccombs Enterprises Flexible Benefit Cafeteria Plan & Trust San Antonio, TX | $4,895,463 | $8,106,381 |
John G Kenedy Jr Charitable Tr -Surface Estate Tr San Antonio, TX | $46,092,794 | $4,396,154 |
David M Crowley Foundation Dallas, TX | $142,891,403 | $6,004,507 |
J A & Leta M Chapman Tr 10267 Tulsa, OK | $128,636,919 | $8,500,584 |
Curtis C Gunn Inc Welfare Benefit Trust San Antonio, TX | $1,516,559 | $6,179,992 |
Robert And Nancy Dedman Foundation Dallas, TX | $5,963,506 | $195,003 |