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Kennedy Krieger Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521734695 ✦ Baltimore, MD ✦ Designated as a 501(c)(3)

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Overview

What is Kennedy Krieger Foundation Inc?

Kennedy Krieger Foundation Inc, located in Baltimore, Maryland, serves as a fundraising organization with a mission to support the charitable, scientific, and educational purposes of the Kennedy Krieger Institute's affiliated corporations. With a dedicated team of 20 individuals, the foundation manages endowment funds and distributes raised funds to benefit the Kennedy Krieger Institute's affiliates. The organization's efforts are focused on advancing the institute's goals through financial support.


Official website here: www.kennedykrieger.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 92% (Four-Star out of Four Stars)

The Kennedy Krieger Foundation Inc has achieved a strong Four-Star rating from Charity Navigator, reflecting its excellent accountability and financial practices. With a score of 92% in the Accountability & Finance category, the organization demonstrates a commitment to responsible management and transparency, which is crucial for maintaining public trust.

One of the foundation's notable strengths is having a fully independent board, scoring full points in both the majority independent board members and board size categories. Additionally, the foundation excels in its financial oversight, having no material diversion of assets and maintaining a favorable liabilities to assets ratio, indicating sound financial health and stability.

However, while the foundation has a solid program expense ratio of 68.20%, which signifies that a significant portion of its budget is directed towards programs, its fundraising efficiency could be improved, as indicated by a $0.30 ratio. This could suggest room for enhancing donor contributions and overall fundraising strategies to further support its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Kennedy Krieger Foundation Inc legitimate?

Kennedy Krieger Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kennedy Krieger Foundation Inc 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: $460,971
Professional Fundraising Fees: $0
Other Salaries and Wages: $964,228

For more financial information, click here


Official website here: www.kennedykrieger.org

What is the mission statement of Kennedy Krieger Foundation Inc?

Kennedy Krieger Foundation Inc plays a crucial role in raising funds and managing endowments to support the charitable, scientific, and educational endeavors of organizations affiliated with the Kennedy Krieger Institute. By conducting fundraising efforts and managing endowments, the foundation distributes the raised funds to these affiliated corporations. Overall, the organization's mission is geared towards advancing the initiatives of the Kennedy Krieger Institute's network of partner organizations. Through these collaborations, they seek to make a significant impact in various sectors, contributing to the larger mission of the Institute.


Official website here: www.kennedykrieger.org

Who is the CEO of Kennedy Krieger Foundation Inc?

Brad L Schlaggar Md Phd is the Principal Officer of Kennedy Krieger Foundation Inc. The CEO's salary of Kennedy Krieger Foundation Inc is $8,327 and their total compensation is $925,374.


Official website here: www.kennedykrieger.org

What is the revenue of Kennedy Krieger Foundation Inc?

Kennedy Krieger Foundation Inc's revenue in 2022 was $12,419,464.


Official website here: www.kennedykrieger.org

Who are the executives of Kennedy Krieger Foundation Inc and what are their salaries?

The average compensation at Kennedy Krieger Foundation Inc during 2022 was $71,260. There are 20 employees and 528 volunteers at Kennedy Krieger Foundation Inc.


Here are 11 key members and their salaries (Kennedy Krieger Foundation Inc's CEO's salary is $8,327 and their total compensation is $925,374):


Bradley L Schlaggar Md Phd (President & Ceo)
  • Compensation: $8,327
  • Related: $873,906
  • Other: $43,141
Nancy S Grasmick Ed D (Chairwoman)
  • Compensation: $0
  • Related: $83,267
  • Other: $9,160
Richard W Cass (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Preston G Athey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Mcginn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Sloan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James M Anders Jr (Secretary)
  • Compensation: $8,392
  • Related: $880,760
  • Other: $34,166
Michael J Neuman (Treasurer)
  • Compensation: $4,399
  • Related: $461,673
  • Other: $33,566
Raymond Short (Vp - Human Resources)
  • Compensation: $3,567
  • Related: $374,352
  • Other: $48,666
Linda Cameron (Vp - Philanthropy)
  • Compensation: $308,164
  • Related: $0
  • Other: $31,291
Valerie Bonham (Vp - General Counsel)
  • Compensation: $2,536
  • Related: $266,114
  • Other: $38,589


Official website here: www.kennedykrieger.org

Where can I find the form 990 for Kennedy Krieger Foundation Inc?

Kennedy Krieger Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.kennedykrieger.org

Learn more at the official website: www.kennedykrieger.org

Mission Statement of Kennedy Krieger Foundation Inc

Kennedy Krieger Foundation Inc plays a crucial role in supporting the charitable, scientific, and educational pursuits of the Kennedy Krieger Institute affiliates. The organization is dedicated to fundraising and managing endowment funds to benefit these institutions. Through its efforts, Kennedy Krieger Foundation Inc distributes raised funds to the Kennedy Krieger Institute's affiliated corporations.

In essence, the Foundation acts as a bridge, connecting donors with the worthy causes and initiatives of the Kennedy Krieger Institute. By pooling resources and channeling them towards the Institute's affiliates, Kennedy Krieger Foundation Inc amplifies the impact of charitable giving. This, in turn, enables the Kennedy Krieger Institute to continue its mission of advancing knowledge and improving the lives of individuals with various disorders and injuries, particularly those related to the brain and central nervous system.

The Kennedy Krieger Foundation Inc's commitment to fundraising is instrumental in securing the financial stability of the Kennedy Krieger Institute affiliates. The funds raised by the Foundation play a vital role in supporting research, education, and patient care programs that make a difference in the lives of countless individuals. With its unwavering dedication, Kennedy Krieger Foundation Inc is a vital partner in the Kennedy Krieger Institute's journey to improve the human condition.

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Impact




October, 2024

Kennedy Krieger Foundation Inc significantly impacts the lives of children and families by enhancing the resources available to the Kennedy Krieger Institute. Through effective fundraising and management of endowment funds, the foundation supports a wide array of charitable, scientific, and educational initiatives tied to the institute's mission. This enables the institute to provide vital services and research focused on improving the health and well-being of children with neurological, developmental, and related disorders.

The foundation's efforts ensure that the institute has the financial backing necessary to pursue innovative treatments, conduct groundbreaking research, and offer specialized educational programs. By facilitating these contributions, the Kennedy Krieger Foundation helps to advance the understanding and care of complex medical conditions, ultimately enriching the lives of those it serves in Baltimore and beyond. The foundation acts as a critical conduit for resources that empower the Kennedy Krieger Institute to fulfill its mission effectively.




This information is meant to be a general summary of Kennedy Krieger Foundation Inc. 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.

Revenue
$12,419,464 (2022)
Expenses
$8,520,454 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,837,464
  • Gross Receipts: $13,902,218

Assets and Liabilities:

  • Total Assets: $72,697,887
  • Total Liabilities: $4,892,636
  • Net Assets: $67,805,251

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Organization Details

Founding Year

1991

Principal Officer

Brad L Schlaggar Md Phd

Main Address

707 N BROADWAY, BALTIMORE, MD, 21205

NTEE Category

Code: T30 - Philanthropy

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