Kennard L Bowlen Charitable Tr
- Assets
- $592.6k
- Revenue
- $3.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Newburyport, MA
- Founding
- 06/2006
- Data as of
- 12/2023
- EIN
- 74-6547247
Organization Overview
Kennard L Bowlen Charitable Tr is located in Newburyport, MA. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Kennard L Bowlen Charitable Tr 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 12/2023, Kennard L Bowlen Charitable Tr generated $3.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $32.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kennard L Bowlen Charitable Tr has awarded 29 individual grants totaling $258,185. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIREHOUSE CENTER FOR THE ARTS - TO ADVANCE THE ARTS AND HUMANITIES IN THE GREATER NEWBURYPORT AREA BY FOSTERING THE GROWTH AND DEVELOPMENT OF THE INDIVIDUAL ARTISTS AND CULTURAL ORGANIZATIONS.
MERRIMACK RIVER WATERSHED - PROVIDES MAJOR RECREATIONAL OPPORTUNITIES, DIVERSE FISH AND WILDLIFE HABITAT, AND SCENIC BEAUTY.
ANNA JAQUES HOSPITAL COMMUNITY HEALTH FOUNDATION - TO PROVIDE HIGH QUALITY MEDICAL CARE BY PARTNERING WITH BETH ISRAEL DEACONESS MEDICAL CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 0 | $0 | |
Name Not Listed Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,994 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,994 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $2,760 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $32,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $592,567 |
| 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 | $592,567 |
| 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, Kennard L Bowlen Charitable Tr has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ANNA JAQUES COMM HLTH FOU PURPOSE: TO PROVIDE QUALITY MEDICAL CARE | $5,000 |
MERRIMACK RIVER WATERSHED PURPOSE: TO PRESERVE WILDLIFE HABITAT | $10,000 |
FIREHOUSE CENTER FOR THE ARTS PURPOSE: TO ADVANCE THE ARTS AND HUMANITIES | $15,000 |