Kenmore Neighborhood Alliance is located in Akron, OH. The organization was established in 2016. As of 12/2021, Kenmore Neighborhood Alliance employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kenmore Neighborhood Alliance 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 12/2021, Kenmore Neighborhood Alliance generated $397.7k 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 (5.2%) each year. All expenses for the organization totaled $188.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KENMORE NEIGHBORHOOD ALLIANCE (KNA) IS THE ONLY COMMUNITY DEVELOPMENT CORPORATION DEDICATED TO THE PHYSICAL, CULTURAL, ARTISTIC, RECREATIONAL AND BUSINESS REVITALIZATION OF THE KENMORE NEIGHBORHOOD IN SOUTHWEST AKRON. WE PARTNER WITH THE CITY OF AKRON, LOCAL NONPROFIT ORGANIZATIONS, BUSINESSES AND RESIDENTS TO IMPROVE AKRON'S LARGEST NEIGHBORHOOD BUSINESS DISTRICT, KENMORE BOULEVARD - AKRON'S MUSIC ROW - WHICH IS ON THE NATIONAL REGISTRY OF HISTORIC PLACES. WE TAKE AN ASSET-BASED APPROACH TO REVITALIZATION, EMBRACING MAIN STREET AMERICA'S FOUR-POINT APPROACH TO REVITALIZATION: A STRONG, SUSTAINABLE ORGANIZATION, PROMOTION, DESIGN AND ECONOMIC VITALITY. ORGANIZATION INVOLVES KNA CREATING A STRONG FOUNDATION FOR A SUSTAINABLE REVITALIZATION EFFORT, INCLUDING CULTIVATING PARTNERSHIPS, COMMUNITY INVOLVEMENT AND RESOURCES. PROMOTION INVOLVES KNA POSITIONING THE KENMORE BOULEVARD COMMERCIAL DISTRICT AS THE PHYSICAL, CULTURAL, RELATIONAL AND ECONOMIC CENTER OF THE COMMUNITY. IT ALSO MEANS CRE
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPLEMENTED COVID-19 SUPPORT PROGRAM FOR MUSICIANS AND SMALL BUSINESSES THAT WERE STRUGGLING AS A RESULT OF THE PANDEMIC. IN ORDER TO HELP THE KENMORE BOULEVARD SMALL BUSINESS DISTRICT WEATHER THE COVID-19 STORM, WE DEPLOYED AKRON CITY COUNCIL CARES ACT FUNDING BY INVESTING IN INFRASTRUCTURE, SUPPORTING MUSICIANS AND SMALL BUSINESSES, PARTICULARLY THE RIALTO THEATRE AND OTHER MUSIC RELATED BUSINESSES, WHICH ARE THE BIGGEST DRIVERS OF ECONOMIC ACTIVITY IN OUR DISTRICT. AS A RESULT, ALL BUT ONE BUSINESS IN THE DISTRICT SURVIVED THE ECONOMIC IMPACT OF THE PANDEMIC. WE EVEN ATTRACTED 10 NEW BUSINESSES AND 18 NEW JOBS DESPITE COVID-19, FIVE OF WHICH ARE MINORITY OWNED AND FOUR OF WHICH ARE OWNED BY FEMALES.
REINVESTED IN DISTRICT MARKETING AND MONTHLY KENMORE FIRST FRIDAY EVENTS. DURING THE ONGOING PANDEMIC, OUTDOOR EVENTS LIKE KENMORE FIRST FRIDAY OFFERED RESIDENTS AND VISITORS A SAFE, FUN WAY TO RECONNECT AND SUPPORT LOCAL ARTISTS, VENDORS AND SMALL BUSINESSES. IN FACT, OUR 2021 KENMORE FIRST FRIDAY EVENTS ATTRACTED EVEN MORE PARTICIPATION THAN EVER BEFORE, HELPING TO BUILD A SENSE OF FORWARD PROGRESS FOR THE KENMORE COMMUNITY. IN ALL, WE ATTRACTED MORE THAN 2,000 PEOPLE TO THE DISTRICT BY SAFELY ENGAGING THE PUBLIC AND IMPROVING OUTDOOR SPACES TO SUPPORT SOCIALLY DISTANT GATHERINGS THROUGHOUT COVID-19. KEY IN THE SUCCESS OF THIS INITIATIVE WAS THE HIRE OF A FULL-TIME STAFF MEMBER DEDICATED TO EVENTS, MARKETING AND SMALL BUSINESS ASSISTANCE. OF THE 10 NEW BUSINESSES WE ATTRACTED IN 2021, NEARLY ALL MENTIONED KENMORE FIRST FRIDAY EVENTS AS REASONS FOR THEIR DECISION TO LOCATE THEIR STORES TO OUR DISTRICT.
CREATED A SENSE OF PLACE IN THE KENMORE BOULEVARD HISTORIC DISTRICT WE PARTNERED WITH THE CITY OF AKRON AND KENMORE RESIDENTS AND STAKEHOLDERS TO IDENTIFY, DEVELOP AND BEGIN IMPLEMENTING THE KENMORE BOULEVARD BRANDING & WAYFINDING PLAN. BASED ON COMMITTEE FEEDBACK, ENVIRONMENTAL DESIGN GROUP CREATED A DESIGN TYPOGRAPHY, LOCATION PLAN AND COST ESTIMATES THAT KNA WAS ABLE TO IMPLEMENT IN ORDER TO CREATE A RENEWED SENSE OF PLACE AND TO REINFORCE KENMORE'S CREATIVE AND HISTORICAL IDENTITY. IMPLEMENTATIONS INCLUDE BRANDED LIGHT POLE BANNERS IN THE MEDIAN AND PARKING SIGNS TO DRAW ATTENTION TO TWO LARGELY UNDERUTILIZED PUBLIC LOTS RUNNING ALONG THE KENMORE BOULEVARD NORTH AND SOUTH ALLEYS. WE ALSO IMPLEMENTED TWO KENMORE BOULEVARD ENTRYWAY MURALS: ONE NEAR THE EXIT FROM I-76/OH ROUTE 224 AND ONE ON THE OH ROUTE 93 UNDERPASS. THEY NOW WELCOME DRIVERS FROM THE KENMORE LEG OF THE EXPRESSWAY, AND PEDESTRIANS AND BIKE TRAFFIC COMING FROM THE OHIO & ERIE CANAL TOWPATH AND SUMMIT LAKE, TO THE KENMORE BOULEVARD HISTORIC DISTRICT, WITH PLAYFUL YET AUTHENTIC DESIGNS THAT DEPICT KENMORE'S MUSICAL HISTORY AND 100-YEAR-OLD MASCOT, THE CARDINAL.
IMPLEMENTED PUBLIC SPACE AND STOREFRONT BEAUTIFICATION PROGRAMS. USING DESIGN GUIDELINES DEVELOPED IN 2020, WE PROVIDED GUIDANCE AND SUPPORT TO PROPERTY AND SMALL BUSINESS OWNERS TO IMPROVE THEIR BUILDINGS AND SIGNAGE. WE PROVIDED 8,654 TO ASSIST THE GUITAR DEPARTMENT, A CORNERSTONE BOULEVARD BUSINESS, TO DESIGN AND PURCHASE A FULLY LIT PROJECTING SIGN. IN ADDITION, WE CONDUCTED STOREFRONT DECORATING FOR THE HOLIDAYS AND PERFORMED MONTHLY CLEANUPS ALONG KENMORE BOULEVARD.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tina Boyes Exec Dir & S | OfficerTrustee | 40 | $50,000 |
Kemp Boyd Vice-Preside | OfficerTrustee | 2 | $0 |
Jeffrey Vujevich President/tr | OfficerTrustee | 5 | $0 |
Todd Ederer Trustee | Trustee | 2 | $0 |
Eric Cooper Trustee | Trustee | 2 | $0 |
Kyle Julien Trustee | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $13,330 |
Related organizations | $0 |
Government grants | $138,190 |
All other contributions, gifts, grants, and similar amounts not included above | $222,906 |
Noncash contributions included in lines 1a–1f | $2,000 |
Total Revenue from Contributions, Gifts, Grants & Similar | $374,426 |
Total Program Service Revenue | $9,274 |
Investment income | $111 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $4,833 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $397,684 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $8,654 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $50,000 |
Compensation of current officers, directors, key employees. | $5,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $13,500 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,413 |
Payroll taxes | $5,651 |
Fees for services: Management | $0 |
Fees for services: Legal | $799 |
Fees for services: Accounting | $50 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $51,986 |
Advertising and promotion | $9,525 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,338 |
Travel | $46 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,002 |
Interest | $3,281 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,955 |
Insurance | $383 |
All other expenses | $6,532 |
Total functional expenses | $188,419 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $509,739 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $334 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $609 |
Net Land, buildings, and equipment | $239,183 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $749,865 |
Accounts payable and accrued expenses | $4,807 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $47,139 |
Unsecured mortgages and notes payable | $10,000 |
Other liabilities | $3,240 |
Total liabilities | $65,186 |
Net assets without donor restrictions | $502,699 |
Net assets with donor restrictions | $181,980 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $749,865 |
Over the last fiscal year, Kenmore Neighborhood Alliance has awarded $50,133 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
LIL BIT CAFE LTD PURPOSE: WAGE SUPPORT | $27,173 |
Akron, OH PURPOSE: TRAINING | $22,960 |
Over the last fiscal year, we have identified 3 grants that Kenmore Neighborhood Alliance has recieved totaling $163,000.
Awarding Organization | Amount |
---|---|
Akron Community Foundation Akron, OH PURPOSE: TO SUPPORT THE DEVELOPMENT OF THE KENMORE BLVD. HISTORIC DISTRICT AND PLACEMAKING INITIATIVES | $104,000 |
Western Reserve Community Fund Inc Akron, OH PURPOSE: AFFORDABLE HOUSING | $50,000 |
Ohio & Erie Canalway Coalition Akron, OH PURPOSE: AKRON CIVIC COMMONS | $9,000 |
Organization Name | Assets | Revenue |
---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Berks County School Districts Health Tr Reading, PA | $37,307,686 | $92,475,879 |
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
Central European University New York, NY | $577,160,061 | $72,058,098 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
International Union Of Operating Engineers Welfare Fund Long Island City, NY | $98,450,225 | $98,628,304 |
New Jersey Property Liability Basking Ridge, NJ | $270,074,908 | $113,404,286 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |