Walt & Lee Keenihan Foundation Inc
- Assets
- $1.2m
- Revenue
- $54.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- Sherwood, AR
- Founding
- 12/2015
- Data as of
- 12/2021
- EIN
- 47-0963364
Organization Overview
Walt & Lee Keenihan Foundation Inc is located in Sherwood, AR. The organization was established in 2015. 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. Walt & Lee Keenihan 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 12/2021, Walt & Lee Keenihan Foundation Inc generated $54.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.6%) each year. All expenses for the organization totaled $50.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelsey Beight Officer | 0.25 | $0 | |
Cody Beight V. President | 0.25 | $0 | |
Jennifer Franecke Secretary | 0.25 | $0 | |
Tj Lawhon Treasurer | 0.25 | $0 | |
Stuart Mcgilvray President | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14 |
| Dividends & Interest | $26,884 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,509 |
| Capital Gain Net Income | $27,509 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $54,407 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,923 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,339 |
| Total operating and administrative expenses | $25,696 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $50,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,105 |
| Savings and temporary cash investments | $40,130 |
| 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 | $1,140,025 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,204,260 |
| Accounts payable and accrued expenses | $5,794 |
| 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 | $5,794 |
Grants Awarded
Over the last fiscal year, Walt & Lee Keenihan Foundation Inc has awarded $65,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HEARTS AND HOOVES PURPOSE: CHARITABLE CONTRIBUTION | $50,000 |
ACCESS PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
COMMUNITY CONNECTIONS PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |