William R Kenan Jr Fund For Eng Technology And Science
- Assets
- $28.9m
- Revenue
- $1.4m
- Investments
- $27.5m
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 04/1992
- Data as of
- 06/2022
- EIN
- 56-1761145
Organization Overview
William R Kenan Jr Fund For Eng Technology And Science is located in Chapel Hill, NC. The organization was established in 1992. According to its NTEE Classification (V30) the organization is classified as: Interdisciplinary Research, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William R Kenan Jr Fund For Eng Technology And Science 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, William R Kenan Jr Fund For Eng Technology And Science generated $1.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 5.2% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas S Kenan III Vice President/director | 0 | $0 | |
Liza Kenan Howell Director | 0 | $0 | |
Elizabeth Price Kenan Director | 0 | $0 | |
J Haywood Davis Director | 0 | $0 | |
Daniel W Drake Chairman/president/treasur | 0 | $0 | |
Robert P Baynard Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $783 |
| Dividends & Interest | $614,727 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $821,024 |
| Capital Gain Net Income | $821,024 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,436,534 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27,078 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $112,477 |
| Total operating and administrative expenses | $363,090 |
| Contributions, gifts, grants paid | $1,600,000 |
| Total expenses and disbursements | $1,963,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,918 |
| Savings and temporary cash investments | $1,293,687 |
| 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 | $15,680,232 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $28,890,222 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project South The Institution For The Elimination Poverty & Genocide Atlanta, GA | $27,866,929 | $28,428,472 |
Life Sciences Research Foundation Charlotte, NC | $3,832,665 | $3,418,112 |
William R Kenan Jr Fund For Eng Technology And Science Chapel Hill, NC | $28,890,222 | $1,436,534 |
South Carolina Science Academy Columbia, SC | $370,942 | $1,578,757 |
American Schools Of Oriental Research Alexandria, VA | $6,291,200 | $2,203,920 |
Institute For Southern Studies Inc Durham, NC | $2,316,271 | $478,768 |
Step Up Savannah Inc Savannah, GA | $717,377 | $706,772 |
North American Regional Science Council Inc Reston, VA | $514,021 | $131,878 |
Social Work Innovations Inc Columbia, SC | $1,682 | $0 |