Kean Foundation Inc
- Assets
- $7.9m
- Revenue
- $11.0m
- Investments
- $750.0k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 11/2013
- Data as of
- 07/2024
- EIN
- 37-1701236
Organization Overview
Kean Foundation Inc is located in Houston, TX. The organization was established in 2013. 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. Kean Foundation 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 07/2024, Kean Foundation Inc generated $11.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $3.0m during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kean Foundation Inc has awarded 59 individual grants totaling $20,982,417. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven J Kean Director | 1 | $0 | |
Melissa C Kean Director | 1 | $0 | |
Margaret Kean Wissink Director | 0.5 | $0 | |
Nora Kean Ogle Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,307,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $417,631 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,311,241 |
| Capital Gain Net Income | $5,311,241 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,035,872 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $78,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,237 |
| Total operating and administrative expenses | $84,237 |
| Contributions, gifts, grants paid | $2,920,000 |
| Total expenses and disbursements | $3,004,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,732,420 |
| 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 | $122,236 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,463,478 |
| Total assets | $7,945,923 |
| 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, Kean Foundation Inc has awarded $1,775,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CRISTO REY JESUIT SCHOOL PURPOSE: UNRESTRICTED | $35,000 |
THE SAINT CONSTANTINE SCHOOL PURPOSE: UNRESTRICTED | $1,740,000 |