Edward M Kennedy Institute For The United States Senate Inc
- Assets
- $115.2m
- Revenue
- $7.1m
- Investments
- $18.2m
- Employees
- 24
- Location
- Boston, MA
- Founding
- 12/2009
- Data as of
- 12/2022
- EIN
- 27-0963869
Organization Overview
Edward M Kennedy Institute For The United States Senate Inc is located in Boston, MA. The organization was established in 2009. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Edward M Kennedy Institute For The United States Senate Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edward M Kennedy Institute For The United States Senate 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 12/2022, Edward M Kennedy Institute For The United States Senate Inc generated $7.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $5.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE EDWARD M. KENNEDY INSTITUTE IS A NONPARTISAN, CIVIC EDUCATION ORGANIZATION THAT ENGAGES STUDENTS AND VISITORS IN CONVERSATIONS ABOUT THE ESSENTIAL ROLE EACH PERSON PLAYS IN OUR DEMOCRACY AND IN OUR SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, DESPITE THE EMERGENCE OF THE OMICRON VARIANT OF COVID-19, WE BUILT ON OUR 2021 EFFORTS TO RE-ENGAGE WITH SCHOOLS, AND SUCCESSFULLY DELIVERED OUR IN-PERSON AND VIRTUAL CIVIC EDUCATION PROGRAMMING TO THOUSANDS MORE STUDENTS THAN THE PREVIOUS YEAR. IN ADDITION, WE BEGAN TO REBUILDOUR SENATE IMMERSION MODULE (SIM), A TECHNOLOGY-SUPPORTED SIMULATION THAT HELPS STUDENTS UNDERSTAND LAWMAKING AND IMPORTANT POLICY ISSUES. WE COMPLETED THE INITIAL PHASE OF THE CIVIC CONVERSATIONS PROJECT AND ARE USING SOME OF THE RESULTING CLASSROOM RESOURCES TO HELP TEACHERS AND STUDENT DEVELOP DIALOGUE SKILLS TO BETTER NAVIGATE SOME OF THE CHALLENGING CONVERSATIONS THAT CAN ARISE AROUND POLICY DIFFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Percelay Board Chair/treasurer/dire | OfficerTrustee | 5 | $0 |
William Mo Cowan Treasurer/director | OfficerTrustee | 2 | $0 |
Andrew Card Jr Director | Trustee | 2 | $0 |
Barbara A Souliotis Director | Trustee | 2 | $0 |
Robert Shrum Director | Trustee | 2 | $0 |
Christopher Dodd Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Interim Executive Solutions Interim Ceo And Cfo Services | 12/30/22 | $217,058 |
Clifton Larsen Allen Llp Consulting - Accounting Services | 12/30/22 | $169,394 |
Denterlein Consulting Public Relations | 12/30/22 | $117,245 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $682,667 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,644,470 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,327,137 |
| Total Program Service Revenue | $24,623 |
| Investment income | $251,813 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $75,356 |
| Net Income from Fundraising Events | $241,051 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,102,356 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,036,846 |
| Pension plan accruals and contributions | $22,878 |
| Other employee benefits | $108,728 |
| Payroll taxes | $85,786 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,486 |
| Fees for services: Accounting | $256,223 |
| Fees for services: Lobbying | $180,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $195,361 |
| Fees for services: Other | $396,099 |
| Advertising and promotion | $360,143 |
| Office expenses | $66,646 |
| Information technology | $65,821 |
| Royalties | $0 |
| Occupancy | $1,605,190 |
| Travel | $12,675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,285,069 |
| Insurance | $137,393 |
| All other expenses | $1,180 |
| Total functional expenses | $5,831,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,052,461 |
| Savings and temporary cash investments | $100,701 |
| Pledges and grants receivable | $135,000 |
| Accounts receivable, net | $2,121,909 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,439 |
| Prepaid expenses and deferred charges | $64,824 |
| Net Land, buildings, and equipment | $16,102,204 |
| Investments—publicly traded securities | $8,677,224 |
| Investments—other securities | $18,219,665 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,669,182 |
| Total assets | $115,177,609 |
| Accounts payable and accrued expenses | $314,370 |
| Grants payable | $0 |
| Deferred revenue | $154,977 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $53,460,482 |
| Total liabilities | $53,929,829 |
| Net assets without donor restrictions | $37,028,753 |
| Net assets with donor restrictions | $24,219,027 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $115,177,609 |
Grants Awarded
Over the last fiscal year, Edward M Kennedy Institute For The United States Senate Inc has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER BOSTON CHAMBER OF COMMERCE PURPOSE: CHARITABLE DONATION | $5,000 |
THE ARTS FOUNDATION OF CAPE COD PURPOSE: CHARITABLE DONATION | $5,000 |