Overview
What is The John G And Marie Stella Kenedy Memorial Foundation?
The John G and Marie Stella Kenedy Memorial Foundation is a nonprofit organization based in Corpus Christi, Texas, with approximately 18 employees. Established with a mission to support religious, educational, and charitable purposes, the Foundation allocates 10% of its charitable donations to non-sectarian entities and 90% to sectarian ones. Among sectarian grants, around 70% are directed towards organizations in the South Texas region, encompassing the Dioceses of Brownsville, Corpus Christi, and Laredo. The Foundation's grant decisions align with its core values, which include breaking the cycle of poverty, helping people help themselves, developing the Catholic faith, advancing spirituality, nurturing support for Catholic institutions, fostering respect, encouraging cooperative partnerships, and cultivating a passion for learning. The Foundation's website, www.kenedy.org, provides more information on its goal to assist and support various causes.
Official website here: www.kenedy.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
The John G And Marie Stella Kenedy Memorial Foundation has achieved an impressive 96% score, earning it a Four-Star rating from Charity Navigator. This high rating reflects the charity's strong accountability and finance practices, indicating transparency and a commitment to responsible financial management. The foundation has demonstrated excellence in maintaining an independent board with all members being independent, which enhances its governance and operational integrity.
The organization excels in various benchmarking areas, including a substantial program expense ratio of 80.31%, which suggests that the majority of its funds are directed towards its charitable programs. The presence of robust policies, such as conflict of interest and whistleblower protections, further reinforces the foundation's dedication to ethical practices. Additionally, the absence of any material diversion of assets signifies solid financial stewardship.
However, the summary does not indicate any specific areas of concern or limitations within the organization. Overall, The John G And Marie Stella Kenedy Memorial Foundation stands out for its high standards of accountability and effective resource management, making it a trustworthy choice for donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is The John G And Marie Stella Kenedy Memorial Foundation legitimate?
The John G And Marie Stella Kenedy Memorial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The John G And Marie Stella Kenedy Memorial 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: $504,360
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,128,674
For more financial information, click here
Official website here: www.kenedy.org
What is the mission statement of The John G And Marie Stella Kenedy Memorial Foundation?
The John G and Marie Stella Kenedy Memorial Foundation aims to support religious, educational, and charitable initiatives that align with its core values. These values include breaking the cycle of poverty, helping people help themselves, developing the Catholic faith, advancing spirituality, nurturing support for Catholic institutions, and fostering a passion for learning. The foundation encourages cooperative partnerships to achieve these goals and invites individuals to contribute to these endeavors. By focusing on these areas, the foundation aspires to make a positive impact on communities and individuals in need.
Official website here: www.kenedy.org
Who is the CEO of The John G And Marie Stella Kenedy Memorial Foundation?
Sylvia Whitmore is the CEO of The John G And Marie Stella Kenedy Memorial Foundation The CEO's salary of The John G And Marie Stella Kenedy Memorial Foundation is $293,854 and their total compensation is $346,622.
Official website here: www.kenedy.org
What is the revenue of The John G And Marie Stella Kenedy Memorial Foundation?
The John G And Marie Stella Kenedy Memorial Foundation's revenue in 2023 was $23,340,020.
Official website here: www.kenedy.org
Who are the executives of The John G And Marie Stella Kenedy Memorial Foundation and what are their salaries?
The average compensation at The John G And Marie Stella Kenedy Memorial Foundation during 2023 was $90,724. There are 18 employees at The John G And Marie Stella Kenedy Memorial Foundation.
Here are 19 key members and their salaries (The John G And Marie Stella Kenedy Memorial Foundation's CEO's salary is $293,854 and their total compensation is $346,622):
- Compensation: $13,800
- Related: $20,976
- Other: $53,874
- Compensation: $13,800
- Related: $0
- Other: $0
- Compensation: $13,800
- Related: $0
- Other: $0
- Compensation: $13,800
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $13,800
- Related: $0
- Other: $0
- Compensation: $12,800
- Related: $0
- Other: $0
- Compensation: $13,800
- Related: $0
- Other: $0
- Compensation: $12,800
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $12,600
- Related: $28,002
- Other: $45,716
- Compensation: $12,600
- Related: $25,458
- Other: $33,534
- Compensation: $13,800
- Related: $18,000
- Other: $40,938
- Compensation: $293,854
- Related: $0
- Other: $52,768
- Compensation: $161,095
- Related: $0
- Other: $35,507
- Compensation: $142,864
- Related: $0
- Other: $27,312
- Compensation: $119,410
- Related: $0
- Other: $17,060
- Compensation: $115,143
- Related: $0
- Other: $24,311
Official website here: www.kenedy.org
Where can I find the form 990 for The John G And Marie Stella Kenedy Memorial Foundation?
The John G And Marie Stella Kenedy Memorial Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kenedy.org
Learn more at the official website: www.kenedy.org
Mission Statement of The John G And Marie Stella Kenedy Memorial Foundation
The John G and Marie Stella Kenedy Memorial Foundation is a philanthropic organization dedicated to supporting religious, educational, and charitable causes. In line with its mission, the Foundation strives to foster initiatives that embody the values of breaking the cycle of poverty, helping people help themselves, developing the Catholic faith, advancing spirituality, and nurturing support and love for Catholic institutions.
Through its commitment to these core values, the Foundation plays a significant role in touching the lives of individuals and communities in need. By investing in endeavors that address poverty, the organization aims to create lasting and sustainable solutions, enabling people to help themselves and ultimately improving their living conditions. In the realm of spiritual growth, the Foundation supports the development of faith through various initiatives that promote religious education and cultivate a deeper connection to spirituality. Furthermore, the Foundation fosters respect and encourages collaborative partnerships, recognizing the power of unity and cooperation in creating positive change.
In their pursuit of these objectives, the Foundation's efforts extend beyond monetary support. By providing resources and opportunities for growth, the organization empowers the people and institutions it supports to reach their full potential and make a meaningful impact on the world. The commitment to these core values is evident in the Foundation's unwavering dedication to making a difference in the lives of those they serve.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The John G. and Marie Stella Kenedy Memorial Foundation significantly impacts the communities it serves, particularly in Texas. By focusing on religious, educational, and charitable purposes, the Foundation ensures that its resources are directed towards improving the lives of individuals and families in need.
Around 90% of the Foundation's charitable distributions are allocated to sectarian organizations, with a strong emphasis on Catholic entities. This includes funding for Catholic schools and scholarships for both Catholic and public universities, thereby advancing educational opportunities. In the South Texas area—particularly within the Dioceses of Brownsville, Corpus Christi, and Laredo—the Foundation prioritizes grants that support tuition assistance and educational initiatives, fostering a culture of learning and personal development.
In addition to education, the Foundation actively supports service organizations and Catholic charities that address critical health and human services issues. This includes initiatives aimed at assisting the indigent and promoting equal opportunity, which contribute to breaking the cycle of poverty and empowering people to uplift themselves.
The Foundation's core values guide its grant-making decisions, emphasizing the development of the Catholic faith and spirituality, while nurturing a support system for Catholic institutions. By fostering collaborative partnerships and encouraging respect within the community, the Foundation plays an essential role in enhancing the overall quality of life in the areas it serves. Through its dedicated efforts, countless individuals benefit from the Foundation's commitment to charity and community advancement.
This information is meant to be a general summary of The John G And Marie Stella Kenedy Memorial 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 2023.
- Investment Income: $10,303,235
- Program Service Revenue: $685
- Gross Receipts: $39,418,064
Assets and Liabilities:
- Total Assets: $391,275,423
- Total Liabilities: $10,373,234
- Net Assets: $380,902,189
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Museum admissions
Revenue
$685
Organization Details
Founding Year
1960
Principal Officer
Sylvia Whitmore
Website
www.kenedy.orgNTEE Category
Code: X110 - Religion related
If you are a representative of The John G And Marie Stella Kenedy Memorial Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.