Kendal Charitable Funds FY2021 filing

Kennett Square, PAUnknown exempt organizationEIN 23-2626425Revenue $226K in FY2021

On file with the IRSkendal.org1107 East Baltimore Pike · Kennett Square, PA

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To transform the experience of aging by supporting the Kendal corporation and affiliates

60¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
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
5 of 5
filings with a surplus
Average surplus $180K a year · 60% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $130K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$951K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$226K
-38% vs prior year
Spent
$53K
To programs
60%
Net assets
$4.2M
By yearFY2020–FY2024
Revenue
$226K
FY2021▼ -38%
Tap a bar for its year
Revenue by fiscal year
FY2020$365K
FY2021$226K
FY2022$227K
FY2023$452K
FY2024$226K
Expenses
$53K
FY2021▼ -60%
Tap a bar for its year
Expenses by fiscal year
FY2020$134K
FY2021$53K
FY2022$152K
FY2023$109K
FY2024$149K
Net assets
$4.2M
FY2021▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.8M
FY2021$4.2M
FY2022$3.4M
FY2023$4.0M
FY2024$4.3M

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $32K Management & general 40% · $21K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Kendal Charitable Funds 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 15aNo

Programs and updates

Supports Kendal Corporation and affiliates to improve the experience of aging.

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Provided by the organization

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3 programs · $32K · in their own filed words · FY2021
01

Promising Innovations (pif)

For the 2021 grant cycle, funding continued with existing non-profit consortium recipients from the previous year, working to address needs of individuals 60 or older, aging in place in an urban setting, who are living at or below the federal poverty line (FPL).

$28Kprogram expense
02

Grant Program

Recognizing the value and the impact of the work the alzheimers association has on our aging population. In october 2021, the kendal charitable funds board approved a matching donation to the alzheimers association walk in support of the kendal corporation staff's fundraising efforts towards this worthy project.

$4Kprogram expense
03

The Unrestricted Fund/Program

The unrestricted FUND/PROGRAM is supported through donors who make gifts to kendal charitable funds and choose not to restrict the manner in which the FUNDS/PROGRAMS are used. Kendal charitable funds uses those FUNDS/PROGRAMS to support PRIORITIES/INITIATIVES of the kendal corporation, the system of affiliates, and the broader efforts in…

Pt IX · col B

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 · FY2023
Total grants receivedfrom 1 funder$130K
Grants paid · 21 grants · $313K · 2020–2024
Barclay FriendsPA · FY2023$22,500
Lathrop Community INCMA · FY2022$10,000
The Admiral at the LakeIL · FY2022$10,000
Kendal on HudsonNY · FY2022$10,000
Kendal at OberlinOH · FY2022$10,000
Kendal at IthacaNY · FY2022$10,000
Kendal at HomeOH · FY2022$10,000
Kendal at Hanover INH · FY2022$10,000
Barclay FriendsPA · FY2022$10,000
See all 21 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$226K
Ln 12
Investment incomeLn 3$179K
Gifts and grantsLn 1h$47K
Money outPt IX
$53K
Ln 25
Programscol B$32K
Managementcol C$21K
Owns and owesPt X
$4.2M
net assets · Ln 32
Cash and savingsLn 1–2$25K
Total assetsLn 16$5.1M
LiabilitiesLn 26$951K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$47K
Investment incomeLn 3$179K
Gains on assetsLn 7$111K
Total revenueLn 12$226K
Assets in detailPt X, end of year
CashLn 1$25K
Cash and savings togetherLn 1–2$25K
InvestmentsLn 11–13$5.1M
Other assetsLn 15$8K
Total assetsLn 16$5.1M
LiabilitiesLn 26$951K
Net assetsLn 32$4.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
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 FY21End FY21
Cash and savingsLn 1–2$29K$25K
InvestmentsLn 11–13$4.6M$5.1M
Total assetsLn 16$4.7M$5.1M
LiabilitiesLn 26$922K$951K
Net assetsLn 32$3.8M$4.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$32K$32K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$12K$12K
Office expensesLn 13$1K$1K
Information technologyLn 14$132$132
Total functional expensesLn 25$53K$32K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $226K$149K$77K$4.3M 990 PDF
FY2023 $452K$109K$343K$4.0M 990 PDF
FY2022 $227K$152K$76K$3.4M 990 PDF
FY2021 Viewing $226K$53K$173K$4.2M 990 PDF
FY2020 $365K$134K$231K$3.8M 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 FY2021 990 (6 parts)
Part I · Summary $226,039 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $39,641$47,200
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $325,390$178,839
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $365,031$226,039
I-13 Grants and similar amounts paidPrior year $111,720$31,635
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $22,341$21,464
I-18 Total expensesPrior year $134,061$53,099
I-19 Revenue less expensesPrior year $230,970$172,940
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $226,039 across 5 lines filed
VIII-1f All other contributions, gifts and grants$47,200
VIII-1h Total contributions, gifts and grants$47,200
VIII-3 Investment incomeExcluded from tax $67,491$67,491
VIII-7 Net gain or loss on sales of assetsExcluded from tax $111,348$111,348
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $178,839$226,039
Part IX · Statement of functional expenses $53,099 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $31,635$31,635
IX-11b Legal feesManagement $5,500$5,500
IX-11c Accounting feesManagement $3,045$3,045
IX-11f Investment management feesManagement $11,662$11,662
IX-13 Office expensesManagement $1,125$1,125
IX-14 Information technologyManagement $132$132
IX-25 Total functional expensesPrograms $31,635 · Management $21,464 · Fundraising $0$53,099
Part X · Balance sheet $5,128,306 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $28,994$24,775
X-11 Publicly traded securitiesStart of year $4,649,892$5,095,963
X-15 Other assetsStart of year $6,591$7,568
X-16 Total assetsStart of year $4,685,477$5,128,306
X-25 Other liabilitiesStart of year $913,236$950,561
X-26 Total liabilitiesStart of year $922,243$950,561
X-27 Net assets without donor restrictionsStart of year $2,598,907$2,891,426
X-28 Net assets with donor restrictionsStart of year $1,164,327$1,286,319
X-32 Total net assets or fund balancesStart of year $3,763,234$4,177,745
X-33 Total liabilities and net assetsStart of year $4,685,477$5,128,306
Part XI · Reconciliation of net assets $4,177,745 net assets at year end
XI-1 Total revenue$226,039
XI-2 Total expenses$53,099
XI-3 Revenue less expenses$172,940
XI-4 Net assets at start of year$3,763,234
XI-5 Net unrealized gains (losses) on investments$241,571
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,177,745

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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