Kennedy-Ries Family Foundation
- Assets
- $12.0m
- Revenue
- $198.9k
- Investments
- $11.9m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 05/2016
- Data as of
- 12/2022
- EIN
- 47-5654237
Organization Overview
Kennedy-Ries Family Foundation is located in Seattle, WA. The organization was established in 2016. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Kennedy-Ries Family 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 12/2022, Kennedy-Ries Family Foundation generated $198.9k 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 (26.2%) each year. All expenses for the organization totaled $662.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Kennedy-Ries Family Foundation has awarded 90 individual grants totaling $2,989,500. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick F Kennedy Co-President/secretary | 2 | $0 | |
Mary Melissa Ries Co-President | 2 | $0 | |
Ruth M Verhoff Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $155 |
| Dividends & Interest | $247,855 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$49,277 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $124 |
| Total Revenue | $198,857 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,079 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $57,757 |
| Contributions, gifts, grants paid | $604,500 |
| Total expenses and disbursements | $662,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $153,761 |
| 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 | $10,126,955 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,544 |
| Total assets | $12,010,099 |
| 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, Kennedy-Ries Family Foundation has awarded $604,500 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
5TH AVENUE THEATRE ASSOCIATION PURPOSE: GENERAL SUPPORT | $85,000 |
AGROS INTERNATIONAL PURPOSE: GENERAL SUPPORT | $15,000 |
CHIEF SEATTLE CLUB PURPOSE: GENERAL PURPOSES | $50,000 |
EARL PALMER MINISTRIES PURPOSE: GENERAL SUPPORT | $10,000 |
HEALTHY LIFESTARS PURPOSE: GENERAL SUPPORT | $2,500 |
MORGAN STANLEY GLOBAL IMPACT FUND PURPOSE: GENERAL SUPPORT | $60,000 |