Kemp Family Foundation
- Assets
- $9.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, MI
- Founding
- 11/2016
- Data as of
- 12/2019
- EIN
- 81-3997714
Organization Overview
Kemp Family Foundation is located in Troy, MI. The organization was established in 2016. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kemp Family Foundation 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 12/2019, Kemp Family Foundation generated $41.5k 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 (10.1%) each year. All expenses for the organization totaled $50.8k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
ASSIST THE UNIVERSITY OF MICHIGAN IN THE DEVELOPMENT OF NEW LEARNING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John W Kemp Director And Vice Presiden | 0 | $0 | |
Brian C Kemp Director And Vice Presiden | 0 | $0 | |
Thomas R Kemp Director And Vice Presiden | 0 | $0 | |
Christi Alexander Secretary And Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,530 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $41,530 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,740 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20 |
| Total expenses | $50,810 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,049 |
| Other assets | $0 |
| Total assets | $9,049 |
| Total liabilities | $0 |
| Net assets or fund balances | $9,049 |
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|---|---|---|
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Ohio Foundation Of Independent Colleges Inc Columbus, OH | $10,019,771 | $4,357,939 |
Drexel Funds Milwaukee, WI | $18,531,220 | $8,522,964 |
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Sme Education Foundation Southfield, MI | $34,257,056 | $11,054,523 |
Sand County Foundation Inc Madison, WI | $15,482,706 | $6,154,396 |
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