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Nonprofiteer
← CHARLES HUMPHREY KEATING IV FOUNDATION

Form 990 for tax year 2022

Filed by CHARLES HUMPHREY KEATING IV FOUNDATION.

Totals

Total revenue
$4,042,551
Total expenses
$2,063,856
Contributions and grants received
$3,768,726
Grants paid
$3,500
Program service revenue
$0
Investment income
-$6,102
Other revenue
$279,927
Total assets, end of year
$11,835,954
Total liabilities, end of year
$5,600,985
Net assets or fund balances, end of year
$6,234,969
Program services expenses (Part IX)
$1,505,231
Management and general expenses
$198,971
Fundraising expenses
$359,654
Program service expenses (Part III)
$1,505,231

Program services were 72.9% 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.

  • 1c · Fundraising events

    $1,383,405

  • 1f · All other contributions, gifts and grants

    $2,385,321

  • 1g · Noncash contributions included above

    $280,160

  • 7a · Gross sales of assets other than inventory

    securities $274,058

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

    securities $280,160

  • 7c · Gain or loss

    securities -$6,102

  • 7d · Net gain or loss

    total -$6,102 · excluded -$6,102

  • 8a · Fundraising events: gross income

    $694,894

  • 8a · Fundraising events: contributions included on line 1c

    $1,383,405

  • 8b · Fundraising events: direct expenses

    $414,967

  • 8c · Net income from fundraising events

    total $279,927 · excluded $279,927

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $3,500 · program services $3,500

  • 5 · Compensation of officers, directors and key employees

    total $220,303 · program services $208,484 · management and general $11,819

  • 7 · Other salaries and wages

    total $83,060 · management and general $45,731 · fundraising $37,329

  • 10 · Payroll taxes

    total $21,445 · program services $10,892 · management and general $8,640 · fundraising $1,913

  • 11b · Fees: legal

    total $16,613 · program services $9,130 · management and general $7,245 · fundraising $238

  • 11c · Fees: accounting

    total $74,206 · program services $11,735 · management and general $60,971 · fundraising $1,500

  • 11g · Fees: other

    total $424,395 · program services $212,395 · management and general $9,917 · fundraising $202,083

  • 12 · Advertising and promotion

    total $40,525 · program services $17,278 · management and general $1,540 · fundraising $21,707

  • 13 · Office expenses

    total $1,387 · program services $1,157 · management and general $230

  • 14 · Information technology

    total $50,796 · program services $22,090 · management and general $11,852 · fundraising $16,854

  • 16 · Occupancy

    total $100,855 · program services $100,566 · management and general $289

  • 17 · Travel

    total $6,429 · program services $6,429

  • 19 · Conferences, conventions and meetings

    total $66,510 · program services $10,197 · management and general $8,797 · fundraising $47,516

  • 20 · Interest

    total $226,772 · program services $216,772 · management and general $10,000

  • 22 · Depreciation, depletion and amortization

    total $345,611 · program services $345,611

  • 23 · Insurance

    total $56,793 · program services $55,655 · management and general $1,138

  • 24a · Other expenses: SUPPLIES

    total $181,404 · program services $179,484 · management and general $981 · fundraising $939

  • 24b · Other expenses: AUTO EXPENSES

    total $37,533 · program services $37,533 · management and general $0 · fundraising $0

  • 24c · Other expenses: MEALS & ENTERTAINMENT

    total $26,959 · program services $4,597 · management and general $4,815 · fundraising $17,547

  • 24d · Other expenses: HOUSEHOLD EXPENSE

    total $15,805 · program services $15,805 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $62,955 · program services $35,921 · management and general $15,006 · fundraising $12,028

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $55,592 · end of year $918,083

  • 3 · Pledges and grants receivable

    end of year $62,981

  • 4 · Accounts receivable

    beginning of year $0 · end of year $250,000

  • 10a · Land, buildings and equipment: cost or other basis

    $11,663,291

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,237,259

  • 10c · Land, buildings and equipment, net

    beginning of year $9,713,514 · end of year $10,426,032

  • 14 · Intangible assets

    beginning of year $0 · end of year $142,092

  • 15 · Other assets

    beginning of year $31,653 · end of year $36,766

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,842 · end of year $161,003

  • 19 · Deferred revenue

    end of year $19,074

  • 22 · Loans and payables to officers and key people

    beginning of year $997,234 · end of year $985,666

  • 23 · Secured mortgages and notes payable

    beginning of year $3,975,000 · end of year $3,921,192

  • 24 · Unsecured notes and loans payable

    beginning of year $633,424 · end of year $510,000

  • 25 · Other liabilities

    beginning of year $3,303 · end of year $4,050

  • 27 · Net assets without donor restrictions

    beginning of year $4,155,956 · end of year $6,234,969

Mission and programs · 2022

Mission

SUPPORT AND RESOURCES FOR ACTIVE DUTY NAVY SEALS AND THEIR FAMILIES. THE GOAL OF THE CHARLES HUMPHREY KEATING IV FOUNDATION IS TO RESEARCH, DEVELOP, AND IMPLEMENT EVIDENCE-BASED SOLUTIONS TO MAINTAIN FAMILY UNITY WHILE IMPROVING THE TRANSITION FROM FRONT LINES TO HOME FRONT.

  • DURING THE REPORTING YEAR, THE ORGANIZATION FOCUSED ON SOLIDIFYING OUR MISSION STATEMENT AND DEVELOPING THE VARIOUS PROGRAMS AND SERVICES WE WILL OFFER IN THE COMING YEARS. OUR OBJECTIVE IS TO PRESERVE THE NAVY SEAL FAMILIES BY PROVIDING RELIEF OF THE UNIQUE STRESSORS OF NAVY SEAL LIFE AS INDICATED BY DECREASED PERCENTAGES OF DIVORCES, IMPROVED FAMILY RELATIONSHIPS, NUMBER OF FAMILY TO FAMILY REFERRALS TO OUR PROGRAM AND ATTENDEE SURVEYS AFTER OUR PROGAMS. WE AIM TO EMPHASIZE THE FACT THAT THE C4 FOUNDATIONS RETREAT'S OWN GROUNDS, CULTURE AND HISTORY WILL BE BUILT BY THE SEAL FAMILIES THEMSELVES. OUR PROGRAMS ARE NOT DESIGNED TO BE HANDED DOWN FROM A POSITION OF AUTHORITY AND IMPLEMENTED FROM A TOP-DOWN STRUCTURE WITH LECTURES AND KEYNOTES. RATHER, THE PROGRAM AND APPROACHES WILL BE BUILT ALONGSIDE THE SEAL FAMILIES TO ESTABLISH CULTURAL OWNERSHIP, ENTHUSIASTIC BUY-IN, LONG-LASTING HEALTH, AND HIGH PERFORMANCE.

    Expenses $1,505,231 · Grants $3,500

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

Listed in Part VII

  • Charles Humphrey Keating III

    PRESIDENT

    Total calculated
    $187,500
    From this org
    $187,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $187,500
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $187,500

  • Brooke Keating

    VICE PRESIDENT

    Total calculated
    $32,803
    From this org
    $32,803
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Kent Mouton

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    7.5

  • Robert Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jennifer Cooper

    DIRECTOR OF PROGRAMS

    Total calculated
    $0
    Hours/week
    60

  • Christopher Clements

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Alison Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • David Lessnick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kent Weaver

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • David Dunwoody

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Edward Byers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Bob Clifford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Angel Sierpina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jason Larson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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

  • 3 · Approval by the board or compensation committee

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

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

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CHK4 RANCH LLC

    REAL ESTATE · AZ · assets $1,022,715

    Directly controlled by CHARLES HUMPHREY KEATING IV FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202333179349307948

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