Ada Howe Kent Foundation
- Assets
- $14.2m
- Revenue
- $587.5k
- Investments
- $11.6m
- Employees
- 0
- Location
- Hazlet, NJ
- Founding
- 12/1963
- Data as of
- 09/2023
- EIN
- 13-6066978
Organization Overview
Ada Howe Kent Foundation is located in Hazlet, NJ. The organization was established in 1963. 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. Ada Howe Kent 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 09/2023, Ada Howe Kent Foundation generated $587.5k 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 (7.4%) each year. All expenses for the organization totaled $1.2m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Ada Howe Kent Foundation has awarded 47 individual grants totaling $666,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Ortiz VP | 1 | $10,000 | |
Samuel R Campbell VP | 1 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $280,195 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $307,256 |
| Capital Gain Net Income | $307,256 |
| Net ST Capital Gain | $307,256 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $587,451 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29,512 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,041 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $197,566 |
| Contributions, gifts, grants paid | $1,000,000 |
| Total expenses and disbursements | $1,197,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,473 |
| Savings and temporary cash investments | $2,585,373 |
| 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 | $14,233,860 |
| 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, Ada Howe Kent Foundation has awarded $666,000 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
AHK ANIMAL SHELTER PURPOSE: GENERAL | $2,500 |
JAMES BEARD FOUNDATION PURPOSE: GENERAL | $1,000 |
BRAIN INJURY ALLIANCE OF NJ PURPOSE: GENERAL | $5,000 |
BOTTOM LINE PURPOSE: GENERAL | $5,000 |
CAPE ANN HISTORICAL ASSN PURPOSE: GENERAL | $10,000 |
COMMUNITY HOUSE INC PURPOSE: GENERAL | $2,000 |