P K Johnstone & H E Kimball Foundation
- Assets
- $1.6m
- Revenue
- $116.0k
- Investments
- $1.6m
- Employees
- 0
- Location
- West Warwick, RI
- Founding
- 10/1959
- Data as of
- 11/2023
- EIN
- 05-6015723
Organization Overview
P K Johnstone & H E Kimball Foundation is located in West Warwick, RI. The organization was established in 1959. 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. P K Johnstone & H E 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 11/2023, P K Johnstone & H E Kimball Foundation generated $116.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $103.6k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, P K Johnstone & H E Kimball Foundation has awarded 139 individual grants totaling $533,586. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE P.K. JOHNSTONE & H.E. KIMBALL FOUNDATION MAKES GRANTS AND CHARITABLE CONTRIBUTIONS TO VARIOUS CHARITABLE ORGANIZATIONS THAT HAVE BEEN PRESELECTED BY THE TRUSTEES. THERE ARE NO APPLICABLE EXPENSES TO REPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Feiner Trustee | 2 | $6,060 | |
Avery Seaman Jr Trustee | 2 | $6,060 | |
William Jennings Trustee | 2 | $6,060 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $60,256 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,790 |
| Capital Gain Net Income | $55,790 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $116,046 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,180 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,183 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,798 |
| Total operating and administrative expenses | $47,118 |
| Contributions, gifts, grants paid | $56,500 |
| Total expenses and disbursements | $103,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,351 |
| 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 | $350 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $521,214 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,624,411 |
| 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, P K Johnstone & H E Kimball Foundation has awarded $56,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
PETPALS PURPOSE: GENERAL | $3,000 |
SEAMAN'S CHURCH INSTITUTE PURPOSE: GENERAL | $2,000 |
READ 2 SUCCEED PURPOSE: GENERAL | $2,000 |
CAMP RUGGLES PURPOSE: GENERAL | $4,000 |
COGGESHALL FARM PURPOSE: GENERAL | $2,000 |
COMMUNITY PREPARATORY SCHOOL PURPOSE: GENERAL | $5,000 |