Thomas S Kenan Iii Foundation Inc
- Assets
- $2.3m
- Revenue
- $106.1k
- Investments
- $2.0m
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 05/1993
- Data as of
- 06/2024
- EIN
- 56-1816652
Organization Overview
Thomas S Kenan Iii Foundation Inc is located in Chapel Hill, NC. The organization was established in 1993. 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. Thomas S Kenan Iii 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 06/2024, Thomas S Kenan Iii Foundation Inc generated $106.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $267.0k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Thomas S Kenan Iii Foundation Inc has awarded 129 individual grants totaling $795,925. 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 |
|---|---|---|---|
Thomas S Kenan III Director/president | 0 | $0 | |
Steven R Armstrong Director/sec/treasurer | 0 | $0 | |
Phyllis P Snow Assistant Secretary | 0 | $0 | |
Christopher A Shuping Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,261 |
| Dividends & Interest | $109,169 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$28,305 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $106,125 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,685 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32 |
| Total operating and administrative expenses | $49,285 |
| Contributions, gifts, grants paid | $217,700 |
| Total expenses and disbursements | $266,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,308 |
| Savings and temporary cash investments | $293,309 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,312,718 |
| 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, Thomas S Kenan Iii Foundation Inc has awarded $217,700 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ARTS & SCIENCES FOUNDATION PURPOSE: UNC BANDS ALUMNI ASSOCIATION (10-4948) FUND | $10,000 |
DUKE UNIVERSITY PURPOSE: THE KENAN INSTITUTE FOR ETHICS | $10,000 |
DUPLIN COUNTY BOARD OF EDUCATION PURPOSE: JAMES KENAN HIGH SCHOOL SCHOLARSHIPS | $12,000 |
DURHAM NATIVITY SCHOOL PURPOSE: 1/2 EDUCATION RESOURCES/ 1/2 INSTRUCTIONAL SUPPLIES | $10,000 |
DREAM YARD PROJECT INC PURPOSE: 30TH ANNIVERSARY | $2,500 |
DUKE UNIVERSITYALUMNI AND DEVELOPMENT RECORDS PURPOSE: THE THOMAS S. KENAN EDUCATIONAL FUND ($12,500 GIFT AND $10,000 GIFT) | $22,500 |