Kent Corporation Charitable Foundation
- Assets
- $743.9k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Muscatine, IA
- Founding
- 08/1948
- Data as of
- 12/2023
- EIN
- 42-6058939
Organization Overview
Kent Corporation Charitable Foundation is located in Muscatine, IA. The organization was established in 1948. According to its NTEE Classification (K11) the organization is classified as: Single Organization Support, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kent Corporation Charitable 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 12/2023, Kent Corporation Charitable Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 8.8% per year over the past 8 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, Kent Corporation Charitable Foundation has awarded 304 individual grants totaling $22,987,581. 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 |
|---|---|---|---|
Gage A Kent Trustee | 1 | $0 | |
Jeffrey R Jarrett Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,475,000 |
| Interest on Savings | $193 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $137 |
| Total Revenue | $1,475,330 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $601 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11 |
| Total operating and administrative expenses | $751 |
| Contributions, gifts, grants paid | $1,572,441 |
| Total expenses and disbursements | $1,573,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $733,362 |
| 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 | $10,530 |
| Other assets | $0 |
| Total assets | $743,892 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $3,943,300 |
| 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 | $3,943,300 |
Grants Awarded
Over the last fiscal year, Kent Corporation Charitable Foundation has awarded $1,572,441 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
SIMPSON COLLEGE PURPOSE: GENERAL OPERATIONS | $35,000 |
MUSCATINE COMMUNITY YMCA PURPOSE: GENERAL OPERATIONS | $15,000 |
IOWA COLLEGE FOUNDATION PURPOSE: GENERAL OPERATIONS | $45,000 |
UNITED WAY OF DAVIESS COUNTY IN PURPOSE: GENERAL OPERATIONS | $23,551 |
MUSCATINE SYMPHONY ORCHESTRA PURPOSE: GENERAL OPERATIONS | $13,890 |
UNITED WAY OF MUSCATINE PURPOSE: GENERAL OPERATIONS | $83,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hcfn Title Holding Corporation Kansas City, MO | $15,148,426 | $982,731 |
Kent Corporation Charitable Foundation Muscatine, IA | $743,892 | $1,475,330 |
Center For Human Nutrition Foundation Omaha, NE | $6,718,587 | $242,419 |
Wisconsin Restaurant Association Education Foundation Inc Madison, WI | $1,550,299 | $896,522 |
Kikkoman Foods Foundation Inc Walworth, WI | $10,201,722 | $714,456 |
Feeding Tomorrow Chicago, IL | $0 | $551,945 |
Friends Of The Omaha Farmers Market Omaha, NE | $78,744 | $0 |
Orland Township Food Pantry Fndn Orland Park, IL | $411,591 | $0 |
Logan County Fair Foundation Lincoln, IL | $183,695 | $0 |
Central States Fair Foundation Rapid City, SD | $497,040 | $0 |
E Owen Keeler Charitable Trust Milwaukee, WI | $290,562 | $5,651 |
Lifescape Community Services Foundation Nfp Rockford, IL | $1,815,048 | $73,412 |
Dairy Business Foundation Inc Green Bay, WI | $0 | $0 |
George P Irwin Conservation Education Station Inc Salem, IL | $165,445 | $0 |
Offshootz Chicago, IL | $0 | $0 |