William R Kenan Jr Charitable Trust is located in Chicago, IL. The organization was established in 2012. 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. William R Kenan Jr Charitable Trust 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 06/2023, William R Kenan Jr Charitable Trust generated $81.5m 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 (16.0%) each year. All expenses for the organization totaled $42.5m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Trustee | 40 | $2,717,145 | |
Thomas S Kenan III Co-Trustee | 12 | $160,000 | |
Lawrence Lewis Gray Co-Trustee | 12 | $160,000 | |
Daniel Drake Interim Exec. Dir. | 0 | $223,350 | |
Nancy Cable Exec. Dir. | 0 | $212,832 | |
Tinka Deal Exec. Coord. | 0 | $87,197 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Eagle Capital Management Llc | 6/29/23 | $208,315 |
Edgewood Management Llc | 6/29/23 | $174,102 |
Pbr Executive Search Llc | 6/29/23 | $140,234 |
Lisa Fechtel Brown | 6/29/23 | $81,430 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $14,443,971 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $67,034,630 |
Capital Gain Net Income | $67,034,630 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $81,478,601 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $3,037,145 |
Other employee salaries and wages | $749,904 |
Pension plans, employee benefits | $45,405 |
Interest | $0 |
Taxes | $1,129,446 |
Depreciation | $0 |
Occupancy | $100,067 |
Travel, conferences, and meetings | $41,107 |
Printing and publications | $0 |
Other expenses | $454,683 |
Total operating and administrative expenses | $6,049,720 |
Contributions, gifts, grants paid | $36,468,801 |
Total expenses and disbursements | $42,518,521 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $230,026 |
Savings and temporary cash investments | $15,338,435 |
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 | $666,454,369 |
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 |