Edward J Kavanagh Foundation
- Assets
- $2.2m
- Revenue
- $120.3k
- Investments
- $2.1m
- Employees
- 0
- Location
- Sharon, PA
- Founding
- 08/1969
- Data as of
- 07/2024
- EIN
- 23-7023865
Organization Overview
Edward J Kavanagh Foundation is located in Sharon, PA. The organization was established in 1969. 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. Edward J Kavanagh 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 07/2024, Edward J Kavanagh Foundation generated $120.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $128.8k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Edward J Kavanagh Foundation has awarded 63 individual grants totaling $606,750. 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
2024
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 |
|---|---|---|---|
Thomas Kavanagh Trustee | 2 | $0 | |
Eileen Buchanan Trustee | 2 | $0 | |
Erin Marchand Trustee | 2 | $0 | |
Ryen Roberts Trustee | 2 | $0 | |
Shannon Mcconnell Trustee | 2 | $0 | |
Stephen Kavanagh Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $100,549 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,744 |
| Capital Gain Net Income | $19,744 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $120,293 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,237 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,480 |
| Total operating and administrative expenses | $14,817 |
| Contributions, gifts, grants paid | $114,000 |
| Total expenses and disbursements | $128,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,806 |
| Savings and temporary cash investments | $59,474 |
| 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 | $2,867 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $116,866 |
| Total assets | $2,249,580 |
| 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, Edward J Kavanagh Foundation has awarded $114,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BUHL COMMUNITY CENTER PURPOSE: COMMUNITY SERVICE | $10,000 |
BUHL PARK CORPORATION PURPOSE: COMMUNITY SERVICE | $22,500 |
COMMUNITY LIBRARY OF SHENANGO VALLEY PURPOSE: COMMUNITY SESRVICE | $10,000 |
CREATIVE LEARNING SCHOOL PURPOSE: EDUCATION | $4,500 |
HOPE CAT PURPOSE: COMMUNITY SERVICE | $10,000 |
JOSHUAS HAVEN PURPOSE: COMMUNITY SERVICE | $10,000 |