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← KENNETT EDUCATION FOUNDATION INC

Form 990 for tax year 2024

Filed by KENNETT EDUCATION FOUNDATION INC.

Totals

Total revenue
$206,045
Total expenses
$220,513
Contributions and grants received
$118,726
Grants paid
$173,887
Program service revenue
$0
Investment income
$41,048
Other revenue
$46,271
Total assets, end of year
$1,180,075
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,180,075
Program services expenses (Part IX)
$173,887
Management and general expenses
$46,626
Fundraising expenses
$0
Program service expenses (Part III)
$173,887

Program services were 78.9% 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

    $533

  • 1f · All other contributions, gifts and grants

    $118,193

  • 1g · Noncash contributions included above

    $7,500

  • 3 · Investment income

    total $28,641 · excluded $28,641

  • 7a · Gross sales of assets other than inventory

    securities $54,793

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

    securities $42,386

  • 7c · Gain or loss

    securities $12,407

  • 7d · Net gain or loss

    total $12,407 · excluded $12,407

  • 8a · Fundraising events: gross income

    $73,140

  • 8b · Fundraising events: direct expenses

    $26,869

  • 8c · Net income from fundraising events

    total $46,271 · excluded $46,271

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $55,367 · program services $55,367

  • 2 · Grants to domestic individuals

    total $118,520 · program services $118,520

  • 11c · Fees: accounting

    total $13,317 · management and general $13,317

  • 11f · Fees: investment management

    total $4,898 · management and general $4,898

  • 11g · Fees: other

    total $6,600 · management and general $6,600

  • 12 · Advertising and promotion

    total $5,844 · management and general $5,844

  • 13 · Office expenses

    total $5,577 · management and general $5,577

  • 23 · Insurance

    total $816 · management and general $816

  • 24a · Other expenses: BANK AND CREDIT FEES

    total $3,059 · management and general $3,059

  • 24b · Other expenses: WEBSITE

    total $2,847 · management and general $2,847

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,724 · management and general $2,724

  • 24d · Other expenses: NEWSLETTER

    total $944 · management and general $944

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,192 · end of year $33,314

  • 2 · Savings and temporary cash investments

    beginning of year $147,390 · end of year $136,267

  • 4 · Accounts receivable

    beginning of year $200 · end of year $462

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,445 · end of year $793

  • 11 · Investments: publicly traded securities

    beginning of year $783,786 · end of year $825,241

  • 15 · Other assets

    beginning of year $175,331 · end of year $183,998

  • 27 · Net assets without donor restrictions

    beginning of year $742,533 · end of year $791,793

  • 28 · Net assets with donor restrictions

    beginning of year $387,811 · end of year $388,282

Mission and programs · 2024

Mission

TO ENHANCE KINDERGARTEN THROUGH TWELFTH GRADE EDUCATIONAL EXPERIENCE IN THE KENNETT CONSOLIDATED SCHOOL DISTRICT; PROVIDE SUPPORT FOR CONTINUING HIGHER EDUCATION THROUGH SCHOLARSHIPS AND PROGRAMS; AND TO PROMOTE AND REWARD EXCELLENCE, CREATIVITY AND IMAGINATION FOR TEACHERS AND COMMUNITY LEADERS.

Activities or mission (Part I)

THE KENNETT EDUCATION FOUNDATION HAS PARTNERED WITH THE KENNETT CONSOLIDATED SCHOOL DISTRICT TO ENHANCE KINDERGARTEN THROUGH TWELFTH GRADE EDUCATIONAL EXPERIENCE IN THE KENNETT CONSOLIDATED SCHOOL DISTRICT; PROVIDE SUPPORT FOR CONTINUING HIGHER EDUCATION THROUGH SCHOLARSHIPS AND PROGRAMS; AND TO PROMOTE 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 EXPERIENCE IN THE KENNETT CONSOLIDATED SCHOOL DISTRICT; PROVIDE SUPPORT FOR CONTINUING HIGHER EDUCATION THROUGH SCHOLARSHIPS AND PROGRAMS; AND TO PROMOTE AND REWARD EXCELLENCE, CREATIVITY AND IMAGINATION FOR TEACHERS AND COMMUNITY LEADERS.

    Expenses $173,887 · Grants $173,887

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ANN SCHLITZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • HEATHER CONNOLLY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • NIKI HARVEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL CARI

    TREASURER

    Total calculated
    $0
    Hours/week
    6

  • KENDRA LACOSTA

    SECRETARY

    Total calculated
    $0
    Hours/week
    6

  • NEIL ERICKSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BARBIE DECARLO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CLAIRE FINFROCK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SUSAN GAUGHAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • PAULA PIERCY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CYBIL HOUSH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BROOKE VAIL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CORINA BACON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BARRY RITZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ERIN BERNBERG

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • LISA GATELY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • GRACE JENNINGS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KELLY FIGUEROA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BETSY STERLING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • GEMMA ERICKSON

    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

    $55,367

    FUND PROGRAMS AT THE SCHOOL

Provenance

Return type
form_990
Tax year
2024
Filed
20 May 2025
IRS schema version
2024v5.1
Source object
202521579349301207

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