Kenneth D Bane Foundation Inc
- Assets
- $91.6k
- Revenue
- $3.9k
- Investments
- $70.0k
- Employees
- 0
- Location
- Salem, MA
- Founding
- 11/2005
- Data as of
- 12/2021
- EIN
- 20-2631734
Organization Overview
Kenneth D Bane Foundation Inc is located in Salem, MA. The organization was established in 2005. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kenneth D Bane Foundation Inc 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 12/2021, Kenneth D Bane Foundation Inc generated $3.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $34.1k during the year ending 12/2021. While expenses have increased by 6.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Bane VP | 1 | $0 | |
Kenneth D Bane Pres/dir/sec | 1 | $0 | |
Jared Bane VP | 1 | $0 | |
Lauren Bane VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,926 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $13,048 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,926 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $256 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,204 |
| Total operating and administrative expenses | $16,109 |
| Contributions, gifts, grants paid | $17,968 |
| Total expenses and disbursements | $34,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,505 |
| 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 | $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 | $91,551 |
| 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, Kenneth D Bane Foundation Inc has awarded $17,968 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
KIPP ACADEMY LYNN PURPOSE: GENERAL UNRESTRICTED | $5,000 |
CHARITY BUZZ PURPOSE: GENERAL UNRESTRICTED | $4,760 |
WOUNDED WARRIOR PROJECT PURPOSE: GENERAL UNRESTRICTED | $1,600 |
MARBLEHEAD MUSEUM PURPOSE: GENERAL/UNRESTRICTED | $1,000 |
SOUTHWEST FLORIDA PURPOSE: GENERAL UNRESTRICTED | $693 |
DANA FARBER CANCER PURPOSE: GENERAL/UNREST | $575 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Codman Square Neighborhood Development Corporation Dorchester, MA | $49,534,179 | $9,221,133 |
Broc-Community Action In Southwestern Vermont Rutland, VT | $4,592,577 | $9,366,618 |
Blackstone Valley Community Action Program Inc Pawtucket, RI | $2,776,542 | $8,877,966 |
Urban Edge Housing Corp Roxbury, MA | $48,065,772 | $13,249,471 |
Jamaica Plain Neighborhood Development Corporation Jamaica Plain, MA | $42,347,137 | $8,553,419 |
Fifth Avenue Association Business Improvement District Inc New York, NY | $1,371,227 | $6,747,998 |
Fifth Avenue Committee Incorporated Brooklyn, NY | $7,015,493 | $7,933,714 |
Hamden Economic Developmente Corporation Hamden, CT | $3,370,551 | $167,824 |
Opportunity Communities Llc Chelsea, MA | $1,253,175 | $6,991,638 |
Just A Start Inc Cambridge, MA | $43,187,600 | $7,410,722 |
Highbridge Community Development Corporation Bronx, NY | $13,193,541 | $8,682,034 |
National Association Of City Transportation Officials Inc New York, NY | $6,540,874 | $5,711,482 |