Peter C Kesling Foundation
- Assets
- $2.1m
- Revenue
- $88.2k
- Investments
- $686.9k
- Employees
- 0
- Location
- La Porte, IN
- Founding
- 09/1983
- Data as of
- 12/2022
- EIN
- 35-6377932
Organization Overview
Peter C Kesling Foundation is located in La Porte, IN. The organization was established in 1983. 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. Peter C Kesling 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, Peter C Kesling Foundation generated $88.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $128.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Peter C Kesling Foundation has awarded 39 individual grants totaling $364,090. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINS A FLEET OF 12 CLASSIC AUTOS AND PROVIDES THESE CLASSIC AUTOS ALONG WITH ARTWORK AND BOOKS TO THE LAPORTE COUNTY HISTORICAL SOCIETY FOR DISPLAY IN THE SOCIETY'S MUSEUM.
PRESERVATION OF THE AUTOMOBILES FOR ENJOYMENT AND EDUCATION.
PRESERVATION AND RESTORATION OF HISTORIC BUILDINGS AND LANDMARKS FOR ENJOYMENT AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Trustee | 0 | $0 | |
Name Not Listed Trustee | 0 | $0 | |
Name Not Listed Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17 |
| Dividends & Interest | $52,037 |
| Net Rental Income | $4,800 |
| Net Gain on Sale of Assets | $31,268 |
| Capital Gain Net Income | $31,268 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $69 |
| Total Revenue | $88,191 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,728 |
| Depreciation | $4,752 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,667 |
| Total operating and administrative expenses | $51,791 |
| Contributions, gifts, grants paid | $76,390 |
| Total expenses and disbursements | $128,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,807 |
| 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 | $737,370 |
| Investments—mortgage loans | $0 |
| Investments—other | $27,269 |
| Net Land, buildings, and equipment | $108,065 |
| Other assets | $529,294 |
| Total assets | $2,082,424 |
| 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, Peter C Kesling Foundation has awarded $76,390 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
THE AMERICAN CHESTNUT FOUNDATION PURPOSE: GENERAL SUPPORT | $40 |
SCIPIO-GENEVA TOWNSHIP FIRE DEPARTMENT INC PURPOSE: GENERAL SUPPORT | $300 |
INDIANA HISTORICAL SOCIETY PURPOSE: GENERAL SUPPORT | $50 |
RUMELY ALLIS-CHALMERS LAPORTE HERITAGE CORPORATION PURPOSE: GENERAL SUPPORT | $10,000 |
SAINT STANISLAUS KOSTKA CHURCH PURPOSE: BELL TOWER FUND | $10,000 |
CASS COUNTY HISTORICAL SOCIETY PURPOSE: GENERAL SUPPORT | $10,000 |