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Nonprofiteer
← KENDAL CHARITABLE FUNDS

Form 990 for tax year 2022

Filed by KENDAL CHARITABLE FUNDS.

Totals

Total revenue
$227,490
Total expenses
$151,717
Contributions and grants received
$55,737
Grants paid
$125,000
Program service revenue
$0
Investment income
$171,753
Other revenue
$0
Total assets, end of year
$3,972,193
Total liabilities, end of year
$579,869
Net assets or fund balances, end of year
$3,392,324
Program services expenses (Part IX)
$125,000
Management and general expenses
$26,717
Fundraising expenses
$0
Program service expenses (Part III)
$125,000

Program services were 82.4% 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.

  • 1f · All other contributions, gifts and grants

    $55,737

  • 3 · Investment income

    total $91,733 · excluded $91,733

  • 7a · Gross sales of assets other than inventory

    securities $814,310

  • 7b · Less cost or other basis and sales expenses

    securities $734,290

  • 7c · Gain or loss

    securities $80,020

  • 7d · Net gain or loss

    total $80,020 · excluded $80,020

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $125,000 · program services $125,000

  • 11b · Fees: legal

    total $5,225 · management and general $5,225

  • 11c · Fees: accounting

    total $3,150 · management and general $3,150

  • 11f · Fees: investment management

    total $10,788 · management and general $10,788

  • 11g · Fees: other

    total $5,912 · management and general $5,912

  • 13 · Office expenses

    total $1,642 · management and general $1,642

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,775 · end of year $242,524

  • 11 · Investments: publicly traded securities

    beginning of year $5,095,963 · end of year $3,725,041

  • 15 · Other assets

    beginning of year $7,568 · end of year $4,628

  • 25 · Other liabilities

    beginning of year $950,561 · end of year $579,869

  • 27 · Net assets without donor restrictions

    beginning of year $2,891,426 · end of year $2,392,764

  • 28 · Net assets with donor restrictions

    beginning of year $1,286,319 · end of year $999,560

Mission and programs · 2022

Mission

RAISE, RECEIVE, MANAGE, INVEST AND EXPEND FUNDS IN SUPPORT OF THE KENDAL CORPORATION, ITS AFFILIATED ENTITIES, AND ITS CHARITABLE PURPOSES.

Activities or mission (Part I)

TO TRANSFORM THE EXPERIENCE OF AGING BY SUPPORTING THE KENDAL CORPORATION AND AFFILIATES

  • AFFILIATE GRANT - STAFF DEVELOPMENT: $100,000 ($10,000 X 10 AFFILIATES) THE KENDAL CHARITABLE FUNDS BOARD OFFERED A GRANT OPPORTUNITY IN 2022 TO EACH KENDAL AFFILIATE TO SUPPORT THEIR ABILITY TO ADDRESS WORKFORCE CHALLENGES WITH A FOCUS ON THE KENDAL DIVERSITY, EQUITY, INCLUSION AND BELONGING (DEIB) PILLARS. AS A RESULT OF THE IMPORTANCE AND EXTENT OF THIS CHALLENGE, THE BOARD DECIDED TO INCREASE THE FUNDING FOR THIS GRANT YEAR TO $10,000.

    Expenses $100,000 · Grants $100,000

  • LLOYD LEWIS PROMISING INNOVATIONS GRANT: $12,500 THE 2022 PROMISING INNOVATIONS GRANT CYCLE FOCUSED ON THE NATIONAL WORKFORCE SHORTAGES FACING THE HEALTHCARE SYSTEM, PARTICULARLY THE SHORTAGE OF SKILLED WORKERS IN THE FIELD OF AGING SERVICES. FUNDING WAS APPROVED DURING THE OCTOBER 2022 BOARD MEETING FOR THE ACADEMY OF HOPE ADULT PUBLIC CHARTER SCHOOL (AOH). AOH WAS AWARDED A $50,000 GRANT TO BE DISBURSED OVER THE COURSE OF TWO (2) YEARS. THE GRANT PROGRAM RUNS 1/1/2023 - 12/31/2024. THE FIRST INSTALLMENT WAS PAID IN DECEMBER 2022. AOH'S MISSION IS TO PROVIDE HIGH-QUALITY, EFFECTIVE INSTRUCTION TO ADULT LEARNERS IN THE AREAS OF READING, WRITING, AND MATH; POSITION LEARNERS FOR SUCCESS IN THEIR CAREERS; AND ADDRESS AND MITIGATE THE DRIVERS OF EDUCATIONAL AND ECONOMIC INEQUITY.AS PART OF THEIR GRANT-FUNDED PROGRAM, ADULT LEARNERS WILL BE TRAINED AND CERTIFIED IN CNA TRAINING, WHICH WILL INCLUDE CLINICAL TRAINING, MANDATORY INTERNSHIPS AND JOB SHADOWING OPPORTUNITIES. THIS FUNDING WILL HELP ACADEMY OF HOPE MEET CAPACITY NEEDS TO SERVE MORE ADULT LEARNERS WHO ARE SEEKING ECONOMIC SELF-SUFFICIENCY FOR THEMSELVES AND THEIR FAMILIES THROUGH HIGH-DEMAND CAREERS IN THE HEALTHCARE SECTOR, WHILE AT THE SAME TIME ADDRESSING THE SHORTAGE OF QUALIFIED HEALTHCARE WORKERS.

    Expenses $12,500 · Grants $12,500

  • GRANT PROGRAM:ALZHEIMER'S ASSOCIATION, WALK TO END ALZHEIMER'S - $12,500 ALZHEIMER'S AND ALL OTHER DEMENTIAS EFFECT MORE THAN 6 MILLION OLDER ADULTS IN AMERICA. THE ALZHEIMER'S ASSOCIATION IS THE LEADING VOLUNTARY HEALTH ORGANIZATION IN ALZHEIMER'S CARE, SUPPORT AND RESEARCH. IN OCTOBER 2022, THE KCF BOARD APPROVED THE RELEASE OF $12,500 TO THE ALZHEIMER'S ASSOCIATION TO MATCH FUNDS UP TO $12,500 RAISED ACROSS THE SYSTEM BY THE KENDAL CORPORATION AND ALL AFFILIATED ORGANIZATIONS AS PART OF THE WALK TO END ALZHEIMER'S EVENTS.

    Expenses $12,500 · Grants $12,500

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Julie Houpt

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Richard Schramm

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Barbara Freedman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • James Greenwood

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Harness

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tara Quinn

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Grace Tompos

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carla Willis

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jenny Campbell

    SECRETARY - LEFT APR 2022

    Total calculated
    $0
    Hours/week
    1

  • Sean Kelly

    PRESIDENT & CEO

    Total calculated
    $779,052
    From this org
    $0
    From related orgs
    $642,832
    Other
    $136,220
    Hours/week
    2.5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $629,183 related
    Bonus
    $0
    Other
    $0 + $13,649 related
    Deferred
    $0 + $96,425 related
    Nontaxable benefits
    $0 + $39,795 related
    Filer's total
    $0 + $779,052 related

  • Amy Harrison

    CHIEF FINANCIAL OFFICER

    Total calculated
    $428,433
    From this org
    $0
    From related orgs
    $337,947
    Other
    $90,486
    Hours/week
    0.5 + 53.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $309,944 related
    Bonus
    $0 + $20,500 related
    Other
    $0 + $7,503 related
    Deferred
    $0 + $50,692 related
    Nontaxable benefits
    $0 + $39,794 related
    Filer's total
    $0 + $428,433 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION DOES NOT COMPENSATE ANY INDIVIDUAL. ALL COMPENSATION DISCLOSED ON FORM 990, PART VII AND ON SCHEDULE J, PART II IS BY A RELATED PARTY FOR SERVICES RENDERED TO THE RELATED PARTY. THE RELATED PARTY, THE KENDAL CORPORATION, IS A 501(C)(3) PUBLIC CHARITY. THE RELATED PARTY USES THE FOLLOWING WHEN EVALUATING COMPENSATION: A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, THE FORM 990S OF OTHER SIMILAR ORGANIZATIONS, A COMPENSATION SURVEY/STUDY AND APPROVAL BY THE BOARD.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • THE KENDAL CORPORATION

    501(C)(3) · DEVELOP/SUPPORT/LEAD A SYSTEM OF COMMUNITIES AND SERVICES FOR OLDER PERSONS · PA

  • KENDAL NEW YORK

    501(C)(3) · PROVIDE SUPPORT SERVICES FOR TWO RETIREMENT COMMUNITIES IN NY STATE · NY

    Directly controlled by THE KENDAL CORPORATION

  • KENDAL AGING

    501(C)(3) · PROVIDE SUPPORT SERVICES FOR RETIREMENT COMMUNITIES IN CA STATE · CA

    Directly controlled by THE KENDAL CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2023
IRS schema version
2022v5.0
Source object
202301329349309920

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