Kenneth W Scott Foundation
- Assets
- $10.1m
- Revenue
- $1.1m
- Investments
- $8.0m
- Employees
- 0
- Location
- Independence, OH
- Founding
- 12/2006
- Data as of
- 12/2022
- EIN
- 20-5532477
Organization Overview
Kenneth W Scott Foundation is located in Independence, OH. The organization was established in 2006. 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. Kenneth W Scott 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 12/2022, Kenneth W Scott Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $589.0k during the year ending 12/2022. While expenses have increased by 10.5% 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.
Since 2016, Kenneth W Scott Foundation has awarded 170 individual grants totaling $2,452,888. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $510,000 |
| Interest on Savings | $67,884 |
| Dividends & Interest | $48,479 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$39,598 |
| Capital Gain Net Income | $51,680 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $559,232 |
| Total Revenue | $1,145,997 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,572 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,577 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,694 |
| Total operating and administrative expenses | $79,983 |
| Contributions, gifts, grants paid | $509,000 |
| Total expenses and disbursements | $588,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,887 |
| Savings and temporary cash investments | $59,629 |
| 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 | $2,051,813 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,144,933 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,121,725 |
| 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 | $439,589 |
| Total liabilities | $439,589 |
Grants Awarded
Over the last fiscal year, Kenneth W Scott Foundation has awarded $509,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BILLY GRAHAM EVANGELISTIC PURPOSE: PUBLIC CHARITY | $30,000 |
CLEVELAND INTERNATIONA FILM SOCIETY PURPOSE: PUBLIC CHARITY | $40,000 |
CLEVELAND LUTHERAN EAST HIGH SCHOOL PURPOSE: PUBLIC CHARITY | $100,000 |
DISABLED AMERICAN VETERANS PURPOSE: PUBLIC CHARITY | $25,000 |
EUCLID HUNGER CENTER PURPOSE: PUBLIC CHARITY | $25,000 |
EUCLID PET PALS PURPOSE: PUBLIC CHARITY | $25,000 |