Kemp Fam Foundation

Tax-deductible

Pennington, NJ501(c)(3)Foundations & GrantmakersEIN 20-5700697Revenue $459K in FY2024

On file with the IRSPo Box 1532, 08534-0691 · Pennington, NJTax-exempt since Sep 2007Supporting organization — 509(a)(3)

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To distribute money to: the Foundation of fulton-montomery, nathan littauer Foundation, foothills united methodist church, and mountain valley hospice

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$33K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $70K a year · 24% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$33K
to officers and key staff · 19% of spending
Top officer’s pay lower than 70% of similar orgs
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$459K
+613% vs prior year
Spent
$175K
To programs
92%
Net assets
$2.8M
By yearFY2020–FY2024
Revenue
$459K
FY2024▲ +613%
Tap a bar for its year
Revenue by fiscal year
FY2020$262K
FY2021$514K
FY2022$155K
FY2023$64K
FY2024$459K
Expenses
$175K
FY2024▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2020$226K
FY2021$245K
FY2022$254K
FY2023$203K
FY2024$175K
Net assets
$2.8M
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$2.6M
FY2022$2.5M
FY2023$2.4M
FY2024$2.8M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $160K Management & general 8% · $15K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990; $33K paid to officers and key staff.

Part VII, Section A · reportable compensation
$32,936Pt VII · Sec A

Bank of America NA’s $33K as Trustee is at the 30th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ust-Ml a Division of Bank of America NA———$36,065$31,587
Bank of America NA$32,936$29,572$32,095——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Gives money to local foundations, a church, and a hospice.

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Provided by the organization

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1 program · $140K · in their own filed words · FY2024
01

To support the charitable mission of other charitable organizations

$140Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 15 grants · $725K · 2020–2024
Hospice of Fulton County INCNY · FY2024$46,736
Hospice of Fulton County INCNY · FY2023$42,984
Foothills United Methodist ChurchFY2023$42,984
Hospice of Fulton County INCNY · FY2022$55,056
Foothills United Methodist ChurchFY2022$55,056
Hospice of Fulton County INCNY · FY2020$48,195
Foothills United Methodist ChurchFY2020$48,195

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$459K
Ln 12
Investment incomeLn 3$459K
Money outPt IX
$175K
Ln 25
Programscol B$160K
Managementcol C$15K
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$76K
Total assetsLn 16$2.8M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$459K
Gains on assetsLn 7$390K
Total revenueLn 12$459K
Assets in detailPt X, end of year
CashLn 1$76K
SavingsLn 2$545
Cash and savings togetherLn 1–2$76K
InvestmentsLn 11–13$2.7M
Total assetsLn 16$2.8M
LiabilitiesLn 26$0
Net assetsLn 32$2.8M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$61K$76K
InvestmentsLn 11–13$2.3M$2.7M
Total assetsLn 16$2.4M$2.8M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.4M$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$140K$140K
Pay of current officers, directors and key staffLn 5$33K$20K$13K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$175K$160K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $459K$175K$284K$2.8M 990 PDF
FY2023 $64K$203K−$139K$2.4M 990 PDF
FY2022 $155K$254K−$99K$2.5M 990 PDF
FY2021 $514K$245K$269K$2.6M 990 PDF
FY2020 $262K$226K$36K$2.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $458,858 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $64,358$458,858
I-11 Other revenue$0
I-12 Total revenuePrior year $64,358$458,858
I-13 Grants and similar amounts paidPrior year $171,936$140,209
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $29,572$32,936
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,932$1,640
I-18 Total expensesPrior year $203,440$174,785
I-19 Revenue less expensesPrior year −$139,082$284,073
Part VI · Governance 0 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $458,858 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $68,528$68,528
VIII-7 Net gain or loss on sales of assetsExcluded from tax $390,330$390,330
VIII-12 Total revenueExcluded from tax $458,858$458,858
Part IX · Statement of functional expenses $174,785 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $140,209$140,209
IX-5 Pay of current officers, directors and key staffPrograms $19,762 · Management $13,174$32,936
IX-24 Other expenses (24a–d)Management $1,640$1,640
IX-25 Total functional expensesPrograms $159,971 · Management $14,814 · Fundraising $0$174,785
Part X · Balance sheet $2,754,991 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $236$75,802
X-2 Savings and temporary cash investmentsStart of year $60,266$545
X-11 Publicly traded securitiesStart of year $2,340,341$2,678,644
X-16 Total assetsStart of year $2,400,843$2,754,991
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,400,843$2,754,991
X-33 Total liabilities and net assetsStart of year $2,400,843$2,754,991
Part XI · Reconciliation of net assets $2,754,991 net assets at year end
XI-1 Total revenue$458,858
XI-2 Total expenses$174,785
XI-3 Revenue less expenses$284,073
XI-4 Net assets at start of year$2,400,843
XI-9 Other changes in net assets$70,075
XI-10 Net assets at end of year$2,754,991

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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