Kennett Collaborative INC

Tax-deductible

Kennett Square, PA501(c)(3)Community DevelopmentEIN 23-2408629Revenue $298K in FY2024

On file with the IRSkennettcollaborative.org106 W State Street, 19348-3044 · Kennett Square, PATax-exempt since Feb 1987Publicly supported charity — 170(b)(1)(A)(vi)

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Promote, encourage and enhance the economic, community and social vitality of the Kennett area for the benefit of its residents, businesses and visitors.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Run by 200 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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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
4 of 5
filings with a surplus
Average surplus $13K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $26K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$161K
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$298K
+12% vs prior year
Spent
$268K
To programs
87%
Net assets
$290K
By yearFY2020–FY2024
Revenue
$298K
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$664K
FY2021$292K
FY2022$272K
FY2023$266K
FY2024$298K
Expenses
$268K
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$605K
FY2021$276K
FY2022$323K
FY2023$252K
FY2024$268K
Net assets
$290K
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$282K
FY2021$297K
FY2022$245K
FY2023$260K
FY2024$290K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1987.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $233K Management & general 9% · $24K Fundraising 4% · $10K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Robert Wright’s $86K as Executive Di is at the 62nd percentile of top reported officer pay among 1709 $100K–1M community development 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 · 1 named individual · Part VII

NameFY2021FY2020
Robert Wright$86,090$78,462

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.

See Kennett Collaborative INC executive salaries →

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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 15aYes

Programs and updates

Boosts the Kennett area's economy, community, and social life for everyone.

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Provided by the organization

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1 program · $233K · in their own filed words · FY2024
01

Community Enrichment Program

Various community events to create positive environment and promote economic stability.

$233Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$26K
See all 3 funders →
Grants paid · 19 grants · $130K · 2020–2020
Individual RecipientFY2020$9,000
Individual RecipientFY2020$9,000
Individual RecipientFY2020$9,000
Individual RecipientFY2020$8,000
Chef Brett's LLCFY2020$8,000
Individual RecipientFY2020$7,000
Individual RecipientFY2020$7,000
Individual RecipientFY2020$7,000
Individual RecipientFY2020$6,500
Blairs Flooring by Craftsmen LLCFY2020$6,000
KaboburritosFY2020$6,000
Maura Grace LLCFY2020$6,000
Individual RecipientFY2020$6,000
Individual RecipientFY2020$6,000
Individual RecipientFY2020$6,000
Individual RecipientFY2020$6,000
Work2gether CoFY2020$6,000
Individual RecipientFY2020$6,000
See all 19 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$298K
Ln 12
Gifts and grantsLn 1h$254K
Other incomeLn 4–11$44K
Investment incomeLn 3$151
Money outPt IX
$268K
Ln 25
Programscol B$233K
Managementcol C$24K
Fundraisingcol D$10K
Owns and owesPt X
$290K
net assets · Ln 32
Cash and savingsLn 1–2$123K
Total assetsLn 16$451K
LiabilitiesLn 26$161K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$254K
Government grantsLn 1e$40K
Noncash giftsLn 1g$20K
Fundraising eventsLn 1c$168K
Investment incomeLn 3$151
Other incomeLn 4–11$44K
Gains on assetsLn 7−$175
Total revenueLn 12$298K
Assets in detailPt X, end of year
CashLn 1$123K
Cash and savings togetherLn 1–2$123K
Land, buildings, equipmentLn 10c$315K
Total assetsLn 16$451K
LiabilitiesLn 26$161K
Net assetsLn 32$290K
OperationsPt I, VI
EmployeesI 54
VolunteersI 6200
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$65K$123K
Land, buildings, equipmentLn 10c$329K$315K
Total assetsLn 16$420K$451K
LiabilitiesLn 26$161K$161K
Net assetsLn 32$260K$290K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$92K$84K$6K$2K
Other salaries and wagesLn 7$95K$86K$7K$2K
Other employee benefitsLn 9$10K$9K$669$191
Payroll taxesLn 10$15K$14K$1K$299
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$10K$9K$730$245
Advertising and promotionLn 12$4K$2K$2K
Office expensesLn 13$2K$2K$138
Information technologyLn 14$4K$4K$285$81
TravelLn 17$1K$1K$90$26
Conferences, conventions and meetingsLn 19$238$216$17$5
Depreciation, depletion and amortizationLn 22$16K$14K$1K$311
InsuranceLn 23$2K$2K$158$45
Other expenses (24a–d)Ln 24$10K$6K$721$4K
Total functional expensesLn 25$268K$233K$24K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $298K$268K$30K$290K 990 PDF
FY2023 $266K$252K$14K$260K 990 PDF
FY2022 $272K$323K−$51K$245K 990 PDF
FY2021 $292K$276K$15K$297K 990 PDF
FY2020 $664K$605K$59K$282K 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 $297,784 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $208,967$253,515
I-9 Program service revenue$0
I-10 Investment incomePrior year $97−$24
I-11 Other revenuePrior year $57,062$44,293
I-12 Total revenuePrior year $266,126$297,784
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $213,681$211,939
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $38,181$55,771
I-18 Total expensesPrior year $251,862$267,710
I-19 Revenue less expensesPrior year $14,264$30,074
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $297,784 across 11 lines filed
VIII-1c Fundraising events$168,350
VIII-1e Government grants$40,000
VIII-1f All other contributions, gifts and grants$45,165
VIII-1g Noncash contributions (included above)$20,000
VIII-1h Total contributions, gifts and grants$253,515
VIII-3 Investment incomeExcluded from tax $151$151
VIII-6 Net rental income or lossUnrelated business −$9,462−$9,462
VIII-7 Net gain or loss on sales of assetsRelated to mission −$175−$175
VIII-8 Net income from fundraising events$50,894
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,861$2,861
VIII-12 Total revenueRelated to mission $2,686 · Unrelated business −$9,462 · Excluded from tax $151$297,784
Part IX · Statement of functional expenses $267,710 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $84,144 · Management $6,473 · Fundraising $1,849$92,466
IX-7 Other salaries and wagesPrograms $86,426 · Management $6,648 · Fundraising $1,900$94,974
IX-9 Other employee benefitsPrograms $8,699 · Management $669 · Fundraising $191$9,559
IX-10 Payroll taxesPrograms $13,595 · Management $1,046 · Fundraising $299$14,940
IX-11c Accounting feesManagement $6,250$6,250
IX-11g Other fees for servicesPrograms $9,498 · Management $730 · Fundraising $245$10,473
IX-12 Advertising and promotionPrograms $1,958 · Fundraising $1,958$3,916
IX-13 Office expensesPrograms $1,630 · Management $138$1,768
IX-14 Information technologyPrograms $3,703 · Management $285 · Fundraising $81$4,069
IX-17 TravelPrograms $1,164 · Management $90 · Fundraising $26$1,280
IX-19 Conferences, conventions and meetingsPrograms $216 · Management $17 · Fundraising $5$238
IX-22 Depreciation, depletion and amortizationPrograms $14,138 · Management $1,087 · Fundraising $311$15,536
IX-23 InsurancePrograms $2,047 · Management $158 · Fundraising $45$2,250
IX-24 Other expenses (24a–d)Programs $5,733 · Management $721 · Fundraising $3,537$9,991
IX-25 Total functional expensesPrograms $232,951 · Management $24,312 · Fundraising $10,447$267,710
Part X · Balance sheet $451,246 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $64,506$122,658
X-4 Accounts receivableStart of year $21,799$6,624
X-9 Prepaid expenses and deferred chargesStart of year $1,518$3,515
X-10c Land, buildings and equipment, netStart of year $328,616$314,841
X-14 Intangible assetsStart of year $3,978$3,608
X-16 Total assetsStart of year $420,417$451,246
X-17 Accounts payable and accrued expensesStart of year $25,794$24,235
X-19 Deferred revenueStart of year $30,756$34,840
X-25 Other liabilitiesStart of year $5,138$6,084
X-26 Total liabilitiesStart of year $160,745$161,499
X-27 Net assets without donor restrictionsStart of year $259,672$289,747
X-32 Total net assets or fund balancesStart of year $259,672$289,747
X-33 Total liabilities and net assetsStart of year $420,417$451,246
Part XI · Reconciliation of net assets $289,747 net assets at year end
XI-1 Total revenue$297,784
XI-2 Total expenses$267,710
XI-3 Revenue less expenses$30,074
XI-4 Net assets at start of year$259,672
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$289,747

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

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