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Kenneth E Boring Charitable Foundation INC EIN 27-0063662 Form 990 (PDF) Claim this org

Kenneth E Boring Charitable Foundation INC FY2022 filing

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A private foundation based in Chattanooga, TN. For fiscal year 2022 it reported $-132K in revenue, $248K in expenses, and $2.1M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Chattanooga, TN
Filings
6 on file (2020–2022)
Revenue
$-132KFY2022
Expenses
$248K
Net assets
$2.1M
People
0
Filings
6
Updates
0
More identity details & actions ⌄
EIN  27-0063662 Private foundation / grantmaker Chattanooga, TN
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
A private foundation based in Chattanooga, TN.
Money in and out
$-132K revenue, $248K expenses
Bottom line
—
Grants paid & assets · FY2022
Total revenue
$-132K
Pt VIII · Ln 12
Total expenses
$248K
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$380K
Total assets
3.2M
deployed as grants and operations
Grants paid
245K
in FY2022
Grants made
28grants
total in period
Payout rate
8%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 28 grants · $232K · 2025–2025
United Way of Greater AtlantaFY2025$35,000
Childrens Healthcare of AtlantaFY2025$25,000
Shepherd's Spinal ClinicFY2025$20,000
Dalton State FoundationFY2025$20,000
United Way of Greater ChattanoogaFY2025$15,000
Atlanta Speech SchoolFY2025$15,000
Many HopesFY2025$11,500
University of Texas Foundation INCFY2025$10,000
Salvation ArmyFY2025$10,000
Chi Memorial HospitalFY2025$7,500
On PointFY2025$5,500
Woodward AcademyFY2025$5,000
Whitfield-Murray Historical SocietyFY2025$5,000
Peachtree Road United Methodist ChruchFY2025$5,000
Junior Achievement of Ga INC Northwest Ga DistrictFY2025$5,000
Family Support CouncilFY2025$5,000
Creative Discovery MuseumFY2025$5,000
Baylor SchoolFY2025$5,000
See all 28 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$8K
Median grantPart XV$5K
Largest grantPart XV$35K

Summary of the Filing

Part I · fiscal year 2022 · Form 990-PF
Revenue
$-132K
FY2022▼ -334%
Expenses
$248K
FY2022▼ -8%
Total assets
$3.2M
FY2022▼ -0.8%
Total liabilities
$1.1M
FY2022▲ +48%
Total revenue
$-132K
Pt VIII · Ln 12
Total expenses
$248K
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Total assetsPt II$3.2M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKenneth E Boring Charitable Foundation INC
EINHdr · item D27-0063662
Principal addressHdr · item CChattanooga, TN
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T90)
Ruling yearIRS BMFSep 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Kenneth E Boring Charitable Foundation INC executive salaries →

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.99 Operating & administrative $0.01
Grants & contributions paid99%$245K
Operating & administrative1%$2K
Total functional expensesLn 25$248K

Balance Sheet

Part X · end of year
CashLn 1$110K
Total assetsLn 16$3.2M
Total liabilitiesLn 26$1.1M
Total net assetsLn 32$2.1M
Months of cash on handcomputed5.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $3.2M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $-132K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $-132K
—
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $-132K · Prior year $56K
-334%
Net-asset trend (YoY)
End of year $2.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $-132K · Expenses $248K
—
Liabilities-to-Assets
Total liabilities — · Total assets $3.2M
—
Net-asset ratio
Net assets $2.1M · Total assets $3.2M
66%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $248K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -334%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$229K revenue · ⤓ 990 PDF
FY2024$1.0M revenue · ⤓ 990 PDF
FY2023$511K revenue · ⤓ 990 PDF
FY2022$-132K revenue · viewing · ⤓ 990 PDF
FY2021$56K revenue · ⤓ 990 PDF
FY2020$692K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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