Horace A & S Ella Kimball Foundation
- Assets
- $8.4m
- Revenue
- $428.1k
- Investments
- $8.4m
- Employees
- 0
- Location
- Westerly, RI
- Founding
- 03/1913
- Data as of
- 10/2022
- EIN
- 05-6006130
Organization Overview
Horace A & S Ella Kimball Foundation is located in Westerly, RI. The organization was established in 1913. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horace A & S Ella Kimball 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 10/2022, Horace A & S Ella Kimball Foundation generated $428.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.2%) each year. All expenses for the organization totaled $664.1k during the year ending 10/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Horace A & S Ella Kimball Foundation has awarded 138 individual grants totaling $2,330,700. 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 |
|---|---|---|---|
Thomas F Black III President | 1 | $40,930 | |
Norman D Baker Jr Secretary/treasurer | 1 | $16,929 | |
Edward C Marth Trustee | 1 | $16,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $249,656 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $163,421 |
| Capital Gain Net Income | $163,421 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,000 |
| Total Revenue | $428,077 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $73,859 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,868 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,386 |
| Total operating and administrative expenses | $164,107 |
| Contributions, gifts, grants paid | $500,000 |
| Total expenses and disbursements | $664,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,863 |
| 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 | $8,360,508 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,392,371 |
| 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, Horace A & S Ella Kimball Foundation has awarded $500,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
CHARIHO ATHLETIC ASSOCIATION PURPOSE: UNRESTRICTED GIFT | $50,000 |
Westerly, RI PURPOSE: UNRESTRICTED GIFT | $50,000 |
Kingston, RI PURPOSE: UNRESTRICTED GIFT | $50,000 |
JOY FELLOWSHIPBUILDING ON THE LANE PURPOSE: UNRESTRICTED GIFT | $40,000 |
Hope Valley, RI PURPOSE: UNRESTRICTED GIFT | $37,500 |
Westerly, RI PURPOSE: UNRESTRICTED GIFT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tr Park Place Corp Hartford, CT | $326,580 | $4,534,377 |
National Rowing Foundation Inc Melrose, MA | $8,809,391 | $2,225,088 |
Mary A Cunningham Trust Milton, MA | $13,931,409 | $2,252,431 |
United States Sailing Foundaton Bristol, RI | $2,170,181 | $586,414 |
Beaverdale Memorial Park Inc New Haven, CT | $1,525,229 | $1,030,865 |
Horace A & S Ella Kimball Foundation Westerly, RI | $8,392,371 | $428,077 |
Friends Of Brookline Rowing Brookline, MA | $188,307 | $397,763 |
Friends Of Stonington Crew Inc Stonington, CT | $65,201 | $55,920 |
Friends Of@martins Park Inc Dorchester, MA | $5,263,012 | $677,726 |
7th Regiment Youth Performing Arts Organization Inc New London, CT | $54,574 | $224,963 |
Cfas Boosters Inc Norton, MA | $39,380 | $0 |
Friends Of Tewksbury Youth Football Inc Tewksbury, MA | $134,382 | $0 |