Dscw Kennedy Foundation
- Assets
- $22.1m
- Revenue
- $5.2m
- Investments
- $12.0m
- Employees
- 0
- Location
- Rancho Palos Verdes, CA
- Founding
- Data as of
- 12/2022
- EIN
- 87-3633870
Organization Overview
Dscw Kennedy Foundation is located in Rancho Palos Verdes, CA. 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. Dscw 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 12/2022, Dscw Kennedy Foundation generated $5.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (54.1%) each year. All expenses for the organization totaled $548.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Dscw Kennedy Foundation has awarded 20 individual grants totaling $400,000. 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 |
|---|---|---|---|
Drake Kennedy Trustee | 5 | $0 | |
Stephanie Kennedy Trustee | 5 | $0 | |
Drake Kennedy Trustee | 5 | $0 | |
Stephanie Kennedy Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcdermott Will & Emery | 12/30/22 | $77,672 |
Mcdermott Will & Emery | 12/30/22 | $77,672 |
Macias Gini & O'connell | 12/30/22 | $45,053 |
Macias Gini & O'connell | 12/30/22 | $45,053 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $110,375 |
| Interest on Savings | $0 |
| Dividends & Interest | $501,503 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,633,497 |
| Capital Gain Net Income | $4,633,497 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,245,375 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $66,069 |
| Taxes | $96,790 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,815 |
| Total operating and administrative expenses | $348,239 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $548,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,407,278 |
| Savings and temporary cash investments | $634,297 |
| 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 | $244,037 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $43,535 |
| Total assets | $22,084,569 |
| Accounts payable and accrued expenses | $20,734 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $34,545 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $55,279 |
Grants Awarded
Over the last fiscal year, Dscw Kennedy Foundation has awarded $400,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
CATALINA ISLAND HUMANE SOCIETY PURPOSE: TO HELP SUPPORT THEIR TRAP-NEUTER-RELEASE PROGRAM FOR ISLAND CATS, PET ADOPTIONS, FERAL CAT COLONY MONITORING, COMMUNITY AND SCHOOL SEMINARS AND MORE. | $15,000 |
COLORADO HORSE RESCUE PURPOSE: TO HELP SAVE HORSES FROM UNCERTAIN FATE AT LOCAL LIVESTOCK AUCTION. | $25,000 |
ELEPHANT AID INTERNATIONAL PURPOSE: TO HELP SUPPORT THE BEST POSSIBLE CARE FOR THEIR ELEPHANT RESIDENTS. | $25,000 |
GENTLE BARN PURPOSE: TO HELP SUPPORT ITS MISSION OF TEACHING PEOPLE KINDNESS AND COMPASSION TO ANIMALS, EACH OTHER AND OUR PLANET. | $15,000 |
OCEAN DEFENDERS PURPOSE: TO HELP SUPPORT THE CLEANUP CREWS GOING FROM DEBRIS SITE TO DEBRIS SITE. | $25,000 |
PAW PARENT INC PURPOSE: TO HELP SUPPORT THEIR MISSION TO SAVE MORE ANIMALS. | $15,000 |