Overview
What is City Of Kennewick Foundation?
The City of Kennewick Foundation is a nonprofit organization based in Kennewick, Washington, with a specific mission to benefit the local government and its residents. It holds stock in C K WA Corporation, a 100% owned subsidiary, which owns land within the city. This arrangement allows the city to use the property for free, alleviating financial burden. The Foundation's activities are in line with Section 501(C)(3) of the United States Internal Revenue Code, which permits organizations to be tax-exempt if they are established for public purpose.
Is City Of Kennewick Foundation legitimate?
City Of Kennewick Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. City Of Kennewick Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of City Of Kennewick Foundation?
The City of Kennewick Foundation's mission is centered around providing property for the exclusive use and benefit of a local government, in this case, the City of Kennewick, Washington. The corporation, organized under Section 501(C)(3) of the United States Internal Revenue Code, aims to lessen the financial burden of the city by owning and holding stock in C K WA Corporation. This corporation owns land within the city, which is then made available for the city to use free of charge. This arrangement allows the city to conduct its public activities without bearing the full cost of property ownership.
Who is the CEO of City Of Kennewick Foundation?
Cary Roe is the President of City Of Kennewick Foundation.
What is the revenue of City Of Kennewick Foundation?
City Of Kennewick Foundation's revenue in 2022 was $0.
Who are the executives of City Of Kennewick Foundation and what are their salaries?
There 3 volunteers at City Of Kennewick Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for City Of Kennewick Foundation?
City Of Kennewick Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of City Of Kennewick Foundation
The City of Kennewick Foundation, as an organization, is established with a sole purpose in mind. Its mission is to provide property exclusively for the benefit of the City of Kennewick, a local government, serving a public purpose. In line with Section 501(C)(3) of the United States Internal Revenue Code, or any corresponding provisions in future internal revenue laws, the Foundation holds stock in C K WA Corporation. This corporation owns land within the city, granting the city the privilege of using the property free of charge. By doing so, the City of Kennewick Foundation lessens the city's financial burden, contributing positively to its overall well-being.
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Impact
October, 2024
The City of Kennewick Foundation significantly impacts the local community by providing essential access to property owned by the C K WA Corporation, a subsidiary that operates solely for the benefit of Kennewick. By allowing the City to utilize this land free of charge, the foundation alleviates financial burdens on local government, enabling more resources to be directed toward community improvement initiatives. This support facilitates the development of public spaces and services, enhancing the quality of life for residents and fostering a sense of community. Through its efforts, the foundation underscores its commitment to the public good, ensuring that land resources are used effectively for the welfare of the citizens of Kennewick.
This information is meant to be a general summary of City Of Kennewick Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
Assets and Liabilities:
- Total Assets: $6,080,000
- Total Liabilities: $0
- Net Assets: $6,080,000
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Organization Details
Founding Year
2004
Phone
(509) 585-4271Principal Officer
Cary Roe
Main Address
210 WEST 6TH AVENUE, KENNEWICK, WA, 99336
NTEE Category
Code: S19 - Community improvement
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