Skip to content
Nonprofiteer
← KENNETT COLLABORATIVE INC

Form 990 for tax year 2023

Filed by KENNETT COLLABORATIVE INC.

Totals

Total revenue
$266,126
Total expenses
$251,862
Contributions and grants received
$208,967
Grants paid
$0
Program service revenue
$0
Investment income
$97
Other revenue
$57,062
Total assets, end of year
$420,417
Total liabilities, end of year
$160,745
Net assets or fund balances, end of year
$259,672
Program services expenses (Part IX)
$218,686
Management and general expenses
$23,931
Fundraising expenses
$9,245
Program service expenses (Part III)
$218,686

Program services were 86.8% 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

    $144,732

  • 1e · Government grants (contributions)

    $40,000

  • 1f · All other contributions, gifts and grants

    $24,235

  • 3 · Investment income

    total $97 · excluded $97

  • 6a · Gross rents

    real property $54,534

  • 6b · Less rental expenses

    real property $58,945

  • 6c · Rental income or loss

    real property -$4,411

  • 6d · Net rental income or loss

    total -$4,411 · unrelated business -$4,411

  • 8a · Fundraising events: gross income

    $341,123

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

    $144,732

  • 8b · Fundraising events: direct expenses

    $289,324

  • 8c · Net income from fundraising events

    total $51,799

  • 11a · Other revenue: EMPLOYEE REIMBURSEMENT

    total $9,674 · related or exempt $9,674

  • 11e · Other revenue, total

    $9,674

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $85,000 · program services $77,350 · management and general $5,950 · fundraising $1,700

  • 7 · Other salaries and wages

    total $102,289 · program services $93,083 · management and general $7,160 · fundraising $2,046

  • 9 · Other employee benefits

    total $11,275 · program services $10,260 · management and general $789 · fundraising $226

  • 10 · Payroll taxes

    total $15,117 · program services $13,757 · management and general $1,058 · fundraising $302

  • 11c · Fees: accounting

    total $5,850 · management and general $5,850

  • 11g · Fees: other

    total $9,055 · program services $8,205 · management and general $631 · fundraising $219

  • 12 · Advertising and promotion

    total $2,088 · program services $1,044 · fundraising $1,044

  • 13 · Office expenses

    total $1,919 · program services $1,782 · management and general $137

  • 14 · Information technology

    total $2,891 · program services $2,631 · management and general $202 · fundraising $58

  • 17 · Travel

    total $1,280 · program services $640 · fundraising $640

  • 19 · Conferences, conventions and meetings

    total $399 · program services $199 · fundraising $200

  • 20 · Interest

    total $10 · program services $10

  • 22 · Depreciation, depletion and amortization

    total $3,856 · program services $3,509 · management and general $270 · fundraising $77

  • 23 · Insurance

    total $2,196 · program services $1,998 · management and general $154 · fundraising $44

  • 24a · Other expenses: UTILITIES

    total $4,615 · program services $4,200 · management and general $323 · fundraising $92

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $3,538 · management and general $994 · fundraising $2,544

  • 24c · Other expenses: LICENSES AND TAXES

    total $250 · management and general $250

  • 24d · Other expenses: BANK AND CREDIT CARD FEES

    total $216 · management and general $163 · fundraising $53

  • 24e · All other expenses

    total $18 · program services $18

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,879 · end of year $64,506

  • 2 · Savings and temporary cash investments

    beginning of year $1,166

  • 4 · Accounts receivable

    beginning of year $9,632 · end of year $21,799

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,288 · end of year $1,518

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

    $790,664

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

    $462,048

  • 10c · Land, buildings and equipment, net

    beginning of year $350,366 · end of year $328,616

  • 14 · Intangible assets

    beginning of year $4,348 · end of year $3,978

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,201 · end of year $25,794

  • 19 · Deferred revenue

    beginning of year $36,627 · end of year $30,756

  • 23 · Secured mortgages and notes payable

    beginning of year $101,665 · end of year $99,057

  • 25 · Other liabilities

    beginning of year $5,778 · end of year $5,138

  • 27 · Net assets without donor restrictions

    beginning of year $245,408 · end of year $259,672

Mission and programs · 2023

Mission

PROMOTE, ENCOURAGE AND ENHANCE THE ECONOMIC, COMMUNITY AND SOCIAL VITALITY OF THE KENNETT AREA FOR THE BENEFIT OF ITS RESIDENTS, BUSINESSES AND VISITORS.

  • COMMUNITY ENRICHMENT PROGRAM: VARIOUS COMMUNITY EVENTS TO CREATE POSITIVE ENVIRONMENT AND PROMOTE ECONOMIC STABILITY.

    Expenses $218,686

As filed on the 2023 return.

Listed in Part VII

  • Geoffrey Bosley

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Patricia Evans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kris Gabbard

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Mary Kay Gaver

    CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Arturo Gomez-Rubio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lorenzo Merino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lee Mikles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Norris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eden Ratliff

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Sean Reigel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Corien Siepelinga

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Luke Zubrod

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.0
Source object
202433189349308168

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.