Nonprofit · EIN 23-2408629
KENNETT COLLABORATIVE INC
Also known as HISTORIC KENNETT SQ
Tax-exempt · KENNETT SQUARE, PA 19348
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $297,784 | $267,710 | $30,074 | $451,246 | $161,499 | $289,747 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $253,515
- of which government grants
- $40,000
- Program service revenue
- $0
- Investment income
- -$24
- Net rental income
- -$9,462
- Net gain from sales of assets
- -$175
- Net income from fundraising events
- $50,894
- Other revenue
- $44,293
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $92,466
- Other salaries and wages
- $94,974
- Salaries, compensation and benefits (total)
- $211,939
- Professional fundraising fees
- $0
- Accounting fees
- $6,250
- Travel
- $1,280
- Depreciation
- $15,536
- Program services (functional)
- $232,951
- Management and general (functional)
- $24,312
- Fundraising (functional)
- $10,447
Balance sheet and other
- Total assets, start of year
- $420,417
- Total assets, end of year
- $451,246
- Total liabilities, end of year
- $161,499
- Net assets, end of year
- $289,747
- Land, buildings and equipment
- $314,841
- Net assets without donor restrictions
- $289,747
- Gross unrelated business income
- -$9,462
- Gross receipts
- $619,735
- Employees
- 5
- Volunteers
- 450
- Year formed
- 1985
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GEOFFREY BOSLEY | TREASURER Trustee or director, Officer | 10 | $0 |
| MIKE CANGI | DIRECTOR Trustee or director | 1 | $0 |
| ALLISON S DOBBINS | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA EVANS | DIRECTOR Trustee or director | 1 | $0 |
| KRIS GABBARD | VICE-CHAIR Trustee or director, Officer | 10 | $0 |
| MARY KAY GAVER | CHAIR Trustee or director, Officer | 10 | $0 |
| ARTURO GOMEZ-RUBIO | DIRECTOR Trustee or director | 1 | $0 |
| ZACK HATHAWAY | DIRECTOR Trustee or director | 1 | $0 |
| LORENZO MERINO | DIRECTOR Trustee or director | 1 | $0 |
| LEE MIKLES | DIRECTOR Trustee or director | 1 | $0 |
| BOB NORRIS | DIRECTOR Trustee or director | 1 | $0 |
| EDEN RATLIFF | SECRETARY Trustee or director, Officer | 10 | $0 |
| SEAN REIGEL | DIRECTOR Trustee or director | 1 | $0 |
| CORIEN SIEPELINGA | DIRECTOR Trustee or director | 1 | $0 |
| LUKE ZUBROD | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 106 W STATE STREET, KENNETT SQUARE, PA 19348-3044
- Principal officer (990 for 2024)
- MARY KAY GAVER, 106 W STATE STREET, KENNETT SQUARE, PA 19348
- Signed the 990
- MIKE CANGI, DIRECTOR
- Phone
- (610) 444-8188
- Return prepared by
- UMBREIT WILECZEK & ASSOCIATES PC
Mission
PROMOTE, ENCOURAGE AND ENHANCE THE ECONOMIC, COMMUNITY AND SOCIAL VITALITY OF THE KENNETT AREA FOR THE BENEFIT OF ITS RESIDENTS, BUSINESSES AND VISITORS.
Program accomplishments
- COMMUNITY ENRICHMENT PROGRAM: VARIOUS COMMUNITY EVENTS TO CREATE POSITIVE ENVIRONMENT AND PROMOTE ECONOMIC STABILITY.Expenses $232,951
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2408629
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S200)
- Assets (IRS master file)
- $451,246
- Income (IRS master file)
- $619,735
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $266,126 | $251,862 | $420,417 | IRS |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $271,783 | $323,204 | $429,679 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about KENNETT COLLABORATIVE INC
- What is the EIN of KENNETT COLLABORATIVE INC?
- The employer identification number (EIN) of KENNETT COLLABORATIVE INC is 23-2408629.
- Is KENNETT COLLABORATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to KENNETT COLLABORATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KENNETT COLLABORATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KENNETT COLLABORATIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KENNETT COLLABORATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KENNETT COLLABORATIVE INC?
- The 990 for the year ended December 31, 2024 names MARY KAY GAVER.
- Who are the officers and directors of KENNETT COLLABORATIVE INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does KENNETT COLLABORATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $297,784, expenses of $267,710 and total assets of $451,246 at year end.
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