Keith V Kiernan Foundation
- Assets
- $20.1m
- Revenue
- $1.3m
- Investments
- $20.0m
- Employees
- 0
- Location
- New Bern, NC
- Founding
- 04/2008
- Data as of
- 12/2022
- EIN
- 26-0856008
Organization Overview
Keith V Kiernan Foundation is located in New Bern, NC. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Keith V Kiernan 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, Keith V Kiernan Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 8.5% 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, Keith V Kiernan Foundation has awarded 88 individual grants totaling $4,348,800. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $617,364 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $637,791 |
| Capital Gain Net Income | $637,791 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,255,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $148,444 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $64,867 |
| Depreciation | $763 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,303 |
| Total operating and administrative expenses | $425,100 |
| Contributions, gifts, grants paid | $785,000 |
| Total expenses and disbursements | $1,210,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $157,046 |
| 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 | $2,098 |
| Other assets | $0 |
| Total assets | $20,120,990 |
| Accounts payable and accrued expenses | $300 |
| 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 | $300 |
Grants Awarded
Over the last fiscal year, Keith V Kiernan Foundation has awarded $785,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BERGEN FAMILY CENTER PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
CATHOLIC RELEIF SERVICES PURPOSE: BANGLEDESH SHELTER FUND | $75,000 |
UNITED NATIONS FOUNDATION INC PURPOSE: GIRL-UP PROGRAM IN AFRICA | $50,000 |
OPPORTUNITY INTERNATIONAL PURPOSE: EDU-FINANCE PROGRAM | $75,000 |
SANERGY INC PURPOSE: GENERAL AND UNRESTRICTED | $25,000 |
UNIVERSITY OF NEBRASKA FOUNDATION PURPOSE: KEITH V. KIERNAN SCHOLARSHIP FUND | $70,000 |