Kearney Family Foundation Inc
- Assets
- $465.5k
- Revenue
- $118.1k
- Investments
- $361.5k
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 46-1241546
Organization Overview
Kearney Family Foundation Inc is located in Greensboro, NC. The organization was established in 2014. 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. Kearney Family 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 12/2023, Kearney Family Foundation Inc generated $118.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $108.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kearney Family Foundation Inc has awarded 99 individual grants totaling $604,482. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE LIST OF DONATIONS AT PART XV
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Kearney President | 4 | $0 | |
Sarah Kearney Sec Treas | 1 | $0 | |
Caroline Brackett Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,503 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,588 |
| Capital Gain Net Income | $7,588 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $118,091 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $113 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,777 |
| Contributions, gifts, grants paid | $104,625 |
| Total expenses and disbursements | $108,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,624 |
| Savings and temporary cash investments | $40,317 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $465,479 |
| 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, Kearney Family Foundation Inc has awarded $104,625 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
THE NAVY SEAL FOUNDATION PURPOSE: FUND ADDITIONAL FUND RAISING | $1,000 |
TUNNEL TO TOWERS FOUNDATION PURPOSE: FUND RAISING | $10,000 |
SAMARITAN'S PURSE PURPOSE: SUPPORT OF FOUNDATION | $756 |
PALM BEACH ZOO AND CONSERVATION PURPOSE: FUND RAISING FOR ZOO EXPANSION | $1,000 |
HENDRICK CARES PURPOSE: SUPPORT LOCAL FOOD DISTRIBUTION | $5,000 |
GREENSBORO URBAN MINISTRY PURPOSE: SUPPORT HOMELESS | $30,000 |