Kentland Foundation Inc
- Assets
- $10.1m
- Revenue
- $2.5m
- Investments
- $305.1k
- Employees
- 0
- Location
- Berryville, VA
- Founding
- 02/1967
- Data as of
- 12/2020
- EIN
- 52-6070323
Organization Overview
Kentland Foundation Inc is located in Berryville, VA. The organization was established in 1967. 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. Kentland 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 12/2020, Kentland Foundation Inc generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kentland Foundation Inc has awarded 129 individual grants totaling $1,361,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leo J Walker President | 40 | $81,380 | |
Sheila O Stedman Vice Preside | 40 | $81,380 | |
Juliana M Macdowell Asst Treasur | 40 | $77,258 | |
Alexandra Walker Secretary | 40 | $68,925 | |
William B Walker Treasurer | 40 | $57,635 | |
Helene W Mccarron Asst To Pres | 40 | $44,908 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $160 |
| Dividends & Interest | $7,014 |
| Net Rental Income | $800,838 |
| Net Gain on Sale of Assets | $14,313 |
| Capital Gain Net Income | $14,313 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $120 |
| Total Revenue | $2,537,508 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $289,320 |
| Other employee salaries and wages | $174,396 |
| Pension plans, employee benefits | $213,921 |
| Interest | $225,963 |
| Taxes | $31,476 |
| Depreciation | $58,024 |
| Occupancy | $97,333 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,745,537 |
| Total operating and administrative expenses | $2,849,060 |
| Contributions, gifts, grants paid | $833,000 |
| Total expenses and disbursements | $3,682,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,014,475 |
| Savings and temporary cash investments | $0 |
| 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 | $6,516,481 |
| Investments—mortgage loans | $0 |
| Investments—other | $230,168 |
| Net Land, buildings, and equipment | $2,215,406 |
| Other assets | $92,412 |
| Total assets | $10,143,872 |
| 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 | $3,253,783 |
| Other liabilities | $184,761 |
| Total liabilities | $3,438,544 |
Grants Awarded
Over the last fiscal year, Kentland Foundation Inc has awarded $52,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Boonsboro, MD PURPOSE: FOR COMMUNITY ADVANCEMENT | $15,000 |
The Plains, VA PURPOSE: FOR UNRESTRICTED GENERAL SCHOOL USE | $5,000 |
ROOSTER WALK INC PURPOSE: FOR COMMUNITY ARTS ADVANCEMENT | $5,000 |
Berlin, MD PURPOSE: UNRESTRICTED GENERAL SCHOOL USE | $5,000 |
Gaithersburg, MD PURPOSE: WOMEN'S MEDICAL ADVANCEMENT | $3,500 |
ST FRANCIS DE SALES CATHOLIC CHURC PURPOSE: FOR UNRESTRICTED GENERAL SCHOOL USE | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
P H P Inc Hopkinsville, KY | $1,933,207 | $15,725,161 |