Kennett Flash Inc is located in Kennett Square, PA. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Kennett Flash Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kennett Flash 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 06/2022, Kennett Flash Inc generated $325.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $236.3k during the year ending 06/2022. While expenses have increased by 2.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF LIFE FOR PEOPLE OF ALL AGES, ACHIEVED THROUGH ARTS EXPERIENCE FOR AUDIENCES, PERFORMING ARTISTS AND STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTISTS PERFORM SHOW THEIR WORK AND TALENT IS DISCOVERED
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Andrew Miller Executive Di | Trustee | 40 | $55,104 |
Matthew Bochanski Secretary | OfficerTrustee | 1 | $0 |
David Mattock President | OfficerTrustee | 3 | $0 |
Kevin Collins Director | Trustee | 1 | $0 |
Matthew J Grieco Director | Trustee | 1 | $0 |
Carolina Heinle Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $69,990 |
All other contributions, gifts, grants, and similar amounts not included above | $161,645 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $231,635 |
Total Program Service Revenue | $113,010 |
Investment income | -$19,630 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $325,015 |
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. | $41,160 |
Compensation of current officers, directors, key employees. | $41,160 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $8,799 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $2,049 |
Payroll taxes | $4,559 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,603 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $2,567 |
Office expenses | $8,599 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $39,624 |
Travel | $1,280 |
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 | $0 |
Insurance | $1,215 |
All other expenses | $10,050 |
Total functional expenses | $236,333 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $139 |
Savings and temporary cash investments | $140,296 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $140,435 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $28,787 |
Total liabilities | $28,787 |
Net assets without donor restrictions | $111,648 |
Net assets with donor restrictions | $0 |
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 | $140,435 |
Over the last fiscal year, we have identified 1 grants that Kennett Flash Inc has recieved totaling $10,000.
Awarding Organization | Amount |
---|---|
Music Matters Fund Inc Santa Barbara, CA PURPOSE: PROJECT SUPPORT | $10,000 |
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