Ken Heart Foundation EIN 34-1935921

Ken Heart Foundation FY2020 filing

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Educates about sports heart defect risks and advocates for safer school athletics regulations. For fiscal year 2020 it reported $19K in revenue, $12K in expenses, and $69K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Ashtabula, OH
Website
www.kenheart.org
Filings
5 on file (2020–2020)
Revenue
$19KFY2020
Expenses
$12K
Net assets
$69K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  34-1935921 Public charity (501(c)(3)) Ashtabula, OH
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Educates about sports heart defect risks and advocates for safer school athletics regulations.
Leadership
Linette Derminer · Executive Director/Treasur
Money in and out
$19K revenue, $12K expenses
Bottom line
0% program efficiency
Where the money goes · FY2020
Total revenue
$19K
Pt VIII · Ln 12
Total expenses
$12K
Pt IX · Ln 25
Net assets
$69K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $7K
Where spending went · Part IX cols B–D
Management & general $1.00
Program efficiency
0%
of spending reaches programs
Operating runway
9.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+39%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$19K
FY2020
Expenses
$12K
FY2020
Total assets
$69K
FY2020
Total liabilities
$0
FY2020
Total revenue
$19K
Pt VIII · Ln 12
Total expenses
$12K
Pt IX · Ln 25
Net assets
$69K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$7K
Total assetsPt X · Ln 16$69K
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2020.
01

To make parents, students, school boards and state officials aware of the risks of undetected heart defects which can cause injury or death while playing sports and to change regulations that are in place to make it safer for school athletics.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKen Heart Foundation
EINHdr · item D34-1935921
Principal addressHdr · item CAshtabula, OH
WebsiteHdr · item Jwww.kenheart.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFMar 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director/Treasur
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Other revenue100%$19K
Total revenueLn 12$19K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$12K
Total functional expensesLn 25$12K

Balance Sheet

Part X · end of year
CashLn 1$9K
Total assetsLn 16$69K
Total liabilitiesLn 26$0
Total net assetsLn 32$69K
Months of cash on handcomputed9.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $9K · Operating expenses/yr $12K
9.3 months
Where the money goes
Program services
Program services $0 · Total expenses $12K
0%
Management & General
Management & general $12K · Total expenses $12K
100%
Fundraising
Fundraising $0 · Total expenses $12K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $19K
0%
Government reliance
Government grants — · Total revenue $19K
Earned-income share
Program service revenue $0 · Total revenue $19K
0%
Investment reliance
Investment income $0 · Total revenue $19K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $12K
0%
Growth & trend
Revenue growth (YoY)
This year $19K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $69K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $19K · Expenses $12K
+39%
Liabilities-to-Assets
Total liabilities — · Total assets $69K
Net-asset ratio
Net assets $69K · Total assets $69K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $69K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Linette Derminer · Reported title EXECUTIVE DIRECTOR/TREASUR · Highest reported compensation $0 · Total expenses $12K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $12K
Peer comparison

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

MetricThis orgPeer medianPercentile
Overhead ratio 100%
Legal fee ratio 4%
Accounting fee ratio 4%

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.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $10K · 2024–2024
Parent Heart WatchFL · FY2024$10,000

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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
FY2024 (Latest)$0 revenue · ⤓ 990 PDF
FY2023$0 revenue · ⤓ 990 PDF
FY2022$0 revenue · ⤓ 990 PDF
FY2021$-4K revenue · ⤓ 990 PDF
FY2020$19K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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