Keith V Kiernan Foundation
- Assets
- $20.3m
- Revenue
- $3.4m
- Investments
- $20.0m
- Employees
- 0
- Location
- New Bern, NC
- Founding
- 04/2008
- Data as of
- 12/2021
- 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 12/2021, Keith V Kiernan Foundation generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.9%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Keith V Kiernan Foundation has awarded 84 individual grants totaling $3,751,800. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $71 |
| Dividends & Interest | $943,103 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,472,993 |
| Capital Gain Net Income | $2,530,279 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,416,167 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $145,208 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $11,240 |
| Interest | $0 |
| Taxes | $29,234 |
| Depreciation | $763 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,583 |
| Total operating and administrative expenses | $409,339 |
| Contributions, gifts, grants paid | $790,000 |
| Total expenses and disbursements | $1,199,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $217,365 |
| 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 | $2,861 |
| Other assets | $0 |
| Total assets | $20,258,302 |
| 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, Keith V Kiernan Foundation has awarded $790,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL RESCUE COMMITTEE INC PURPOSE: EARLY CHILDHOOD DEVELOPMENT PROJECT IN LEBANON | $75,000 |
Chicago, IL PURPOSE: EDU-FINANCE PROGRAM | $75,000 |
MEDECINS SANS FRONTIERES USA INC - DOCTORS WITHOUT PURPOSE: AGHANISTAN EMERGENCY RELIEF FUND | $75,000 |
Americus, GA PURPOSE: TERWILLIGER CENTER FOR INNOVATION IN SHELTER - SCHELTER TECH AND THE SECOND IMPACT FUND | $75,000 |
Washington, DC PURPOSE: FINANCIAL INCLUSION PROJECT IN WEST NILE REGION (UGANDA) | $75,000 |
Kansas City, MO PURPOSE: EXPANDING WATER AND SANITATION ACCESS PROJECT IN PERU | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |