Form 990 for tax year 2022
Filed by KENNETT EDUCATION FOUNDATION INC.
Totals
- Total revenue
- $181,384
- Total expenses
- $173,397
- Contributions and grants received
- $136,915
- Grants paid
- $140,242
- Program service revenue
- $0
- Investment income
- $456
- Other revenue
- $44,013
- Total assets, end of year
- $1,003,640
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,003,640
- Program services expenses (Part IX)
- $140,242
- Management and general expenses
- $33,155
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $140,242
Program services were 80.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$2,753
-
1f · All other contributions, gifts and grants
$134,162
-
1g · Noncash contributions included above
$7,500
-
3 · Investment income
total $14,731 · excluded $14,731
-
7a · Gross sales of assets other than inventory
securities $188,098
-
7b · Less cost or other basis and sales expenses
securities $202,373
-
7c · Gain or loss
securities -$14,275
-
7d · Net gain or loss
total -$14,275 · excluded -$14,275
-
8a · Fundraising events: gross income
$71,927
-
8b · Fundraising events: direct expenses
$27,914
-
8c · Net income from fundraising events
total $44,013 · excluded $44,013
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $34,547 · program services $34,547
-
2 · Grants to domestic individuals
total $105,695 · program services $105,695
-
11c · Fees: accounting
total $14,514 · management and general $14,514
-
11f · Fees: investment management
total $4,456 · management and general $4,456
-
12 · Advertising and promotion
total $5,589 · management and general $5,589
-
13 · Office expenses
total $4,178 · management and general $4,178
-
23 · Insurance
total $352 · management and general $352
-
24a · Other expenses: WEBSITE
total $1,996 · management and general $1,996
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $883 · management and general $883
-
24c · Other expenses: BANK CHARGES
total $793 · management and general $793
-
24d · Other expenses: NEWSLETTER
total $244 · management and general $244
-
24e · All other expenses
total $150 · management and general $150
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $88,881 · end of year $50,686
-
2 · Savings and temporary cash investments
beginning of year $74,562 · end of year $90,049
-
4 · Accounts receivable
beginning of year $241 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $7,370 · end of year $3,431
-
11 · Investments: publicly traded securities
beginning of year $801,372 · end of year $689,268
-
12 · Investments: other securities
beginning of year $170,206 · end of year $170,206
-
25 · Other liabilities
beginning of year $16,000 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $767,852 · end of year $694,224
-
28 · Net assets with donor restrictions
beginning of year $358,780 · end of year $309,416
Mission and programs · 2022
Mission
TO ENHANCE KINDERGARTEN THROUGH TWELFTH GRADE EDUCATIONAL EXPERIENCEIN THE KENNETT CONSOLIDATED SCHOOL DISTRICT; PROVIDE SUPPORT FORCONTINUING HIGHER EDUCATION THROUGH SCHOLARSHIPS AND PROGRAMS; AND TOPROMOTE AND REWARD EXCELLENCE, CREATIVITY AND IMAGINATION FOR TEACHERS
Activities or mission (Part I)
THE KENNETT EDUCATION FOUNDATION HAS PARTNERED WITH THE KENNETT CONSOLIDATED SCHOOL DISTRICT TO ENHANCE KINDERGARTEN THROUGH TWELFTH GRADE EDUCATIONAL EXPERIENCEIN THE KENNETT CONSOLIDATED SCHOOL DISTRICT; PROVIDE SUPPORT FORCONTINUING HIGHER EDUCATION THROUGH SCHOLARSHIPS AND PROGRAMS; AND TOPROMOTE AND REWARD EXCELLENCE, CREATIVITY AND IMAGINATION FOR TEACHERS, ENCOURAGE INNOVATIVE IDEAS, INVEST IN PROGRAMS THAT IMPROVE ACADEMIC PROGRESS, PROMOTE FAMILY INVOLVEMENT AND RECOGNIZE THE OUTSTANDING ACHIEVEMENTS OF EDUCATORS.
-
TO ENHANCE KINDERGARTEN THROUGH TWELFTH GRADE EDUCATIONAL EXPERIENCEIN THE KENNETT CONSOLIDATED SCHOOL DISTRICT; PROVIDE SUPPORT FORCONTINUING HIGHER EDUCATION THROUGH SCHOLARSHIPS AND PROGRAMS; AND TOPROMOTE AND REWARD EXCELLENCE, CREATIVITY AND IMAGINATION FOR TEACHERS AND COMMUNITY LEADERS
Expenses $140,242 · Grants $140,242
As filed on the 2022 return.
Listed in Part VII
-
Ann SchlitzANN SCHLITZ
PRESIDENT
- Total calculated
- $0
- Hours/week
- 6
-
Heather ConnollyHEATHER CONNOLLY
1ST VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 6
-
Niki HarveyNIKI HARVEY
2ND VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 6
-
Michael CariMICHAEL CARI
TREASURER
- Total calculated
- $0
- Hours/week
- 6
-
Kendra LacostaKENDRA LACOSTA
SECRETARY
- Total calculated
- $0
- Hours/week
- 6
-
Alison BiloonALISON BILOON
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 6
-
Nancy Ayllon RamirezNANCY AYLLON RAMIREZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Sally CooninSALLY COONIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Amy CorronAMY CORRON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Barbie DecarloBARBIE DECARLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Claire FinfrockCLAIRE FINFROCK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Susan GaughanSUSAN GAUGHAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Paula PiercyPAULA PIERCY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Sean ReigleSEAN REIGLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Cybil HoushCYBIL HOUSH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
D Dusty BlakeyD DUSTY BLAKEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lorenzo DeangelisLORENZO DEANGELIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Carolyn SmithCAROLYN SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Linda ParkinsonLINDA PARKINSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Rudy KarkosakRUDY KARKOSAK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Andy AugustineANDY AUGUSTINE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Michael FinneganMICHAEL FINNEGAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Robert GeorgeROBERT GEORGE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Bud PierceBUD PIERCE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
KENNETT CONSOLIDATED SCHOOL DISTRICT
$34,547
FUND PROGRAMS AT THE SCHOOL
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202301299349300115
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