Nonprofit · EIN 74-6040701
JOHN G & MARIE STELLA KENEDY MEMORIAL FOUNDATION
Tax-exempt · CORP CHRISTI, TX 78401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $31,844,186 | $22,119,519 | $9,724,667 | $494,578,717 | $11,976,917 | $482,601,800 |
| December 31, 2023 | 990 | $23,340,020 | $21,540,965 | $1,799,055 | $447,376,604 | $11,388,867 | $435,987,737 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $680
- Investment income
- $18,864,730
- Royalties
- $8,382,062
- Net rental income
- $4,158,728
- Net gain from sales of assets
- $7,167,362
- Other revenue
- $12,978,776
Expenses
- Grants and similar amounts paid
- $16,891,609
- Compensation of officers, directors and key employees
- $520,428
- Other salaries and wages
- $1,152,007
- Salaries, compensation and benefits (total)
- $2,106,262
- Professional fundraising fees
- $0
- Legal fees
- $143,162
- Accounting fees
- $44,191
- Occupancy
- $207,009
- Travel
- $32,747
- Depreciation
- $417,921
- Program services (functional)
- $17,530,498
- Management and general (functional)
- $4,589,021
Balance sheet and other
- Total assets, start of year
- $447,376,604
- Total assets, end of year
- $494,578,717
- Total liabilities, end of year
- $11,976,917
- Net assets, end of year
- $482,601,800
- Land, buildings and equipment
- $8,517,043
- Publicly traded securities
- $440,900,993
- Net assets without donor restrictions
- $482,601,800
- Gross unrelated business income
- $23,468
- Gross receipts
- $32,436,321
- Employees
- 17
- Volunteers
- 0
- Year formed
- 1960
- State of legal domicile
- TX
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Sylvia Whitmore | CEO/Officer Officer | 40 | $306,961 | $0 | $50,445 |
| Paul Damerow | Comptroller Highest-paid employee | 40 | $172,726 | $0 | $37,420 |
| Marco Castillo | Operations Officer Highest-paid employee | 40 | $152,509 | $0 | $28,102 |
| Silvat Majeed | Investment Officer Highest-paid employee | 40 | $124,141 | $0 | $23,474 |
| Linda E Galvan | Assistant Comptroller Highest-paid employee | 40 | $120,826 | $0 | $24,537 |
| BP WM Michael Mulvey | Director Trustee or director | 1 | $13,800 | $29,684 | $72,114 |
| Bishop Robert Coerver | Director Trustee or director | 0.25 | $13,800 | $22,458 | $72,398 |
| Bishop John Cahill | Director Trustee or director | 1.5 | $13,800 | $22,204 | $41,099 |
| AB Gustavo Garcia-Siller | Director Trustee or director | 3 | $13,200 | $26,440 | $34,384 |
| Gloria Hicks | Vice President Trustee or director, Officer | 2 | $14,400 | $0 | $0 |
| Nicholas T Serafy Jr | Director Trustee or director | 1 | $14,400 | $0 | $0 |
| Marcela Garcia | Director Trustee or director | 1 | $13,800 | $0 | $0 |
| Francis Hubert | Director Trustee or director | 0.25 | $13,800 | $0 | $0 |
| Robert Sweeney | Treasurer Trustee or director, Officer | 1 | $13,800 | $0 | $0 |
| Michael F Terry | Director Trustee or director | 1.5 | $13,800 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jean Claire Turcotte | Secretary Trustee or director, Officer | 1 | $13,800 |
| Thomas E Dobson | Director Trustee or director | 1 | $0 |
| Ricardo Hinojosa | President Trustee or director, Officer | 0.48 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Sylvia Whitmore | CEO/Officer Officer | 40 | $293,854 | $0 | $52,768 |
| Paul Damerow | Comptroller Highest-paid employee | 40 | $161,095 | $0 | $35,507 |
| Marco Castillo | Operations Officer Highest-paid employee | 40 | $142,864 | $0 | $27,312 |
| Linda E Galvan | Assistant Comptroller Highest-paid employee | 40 | $115,143 | $0 | $24,311 |
| Silvat Majeed | Investment Officer Highest-paid employee | 40 | $119,410 | $0 | $17,060 |
| Bishop Robert Coerver | Director Trustee or director | 1 | $13,800 | $20,976 | $53,874 |
| BP WM Michael Mulvey | Director Trustee or director | 1 | $12,600 | $28,002 | $45,716 |
| Bishop John Cahill | Director Trustee or director | 1.5 | $13,800 | $18,000 | $40,938 |
| AB Gustavo Garcia-Siller | Director Trustee or director | 3 | $12,600 | $25,458 | $33,534 |
| Gloria Hicks | Vice President Trustee or director, Officer | 2 | $13,800 | $0 | $0 |
| Robert J Sweeney | Treasurer Trustee or director, Officer | 1 | $13,800 | $0 | $0 |
| Jean Claire Turcotte | Secretary Trustee or director, Officer | 1 | $13,800 | $0 | $0 |
| Nicholas T Serafy Jr | Director Trustee or director | 2 | $13,800 | $0 | $0 |
| Michael F Terry | Director Trustee or director | 1.5 | $13,800 | $0 | $0 |
| Marcela Garcia | Director Trustee or director | 1.5 | $12,800 | $0 | $0 |
| Francis Hubert | Director Trustee or director | 0.5 | $12,800 | $0 | $0 |
| Thomas E Dobson | Director Trustee or director | 2 | $1,000 | $0 | $0 |
| Brad Stewart | Director Trustee or director | 0.5 | $1,000 | $0 | $0 |
| Ricardo Hinojosa | President Trustee or director, Officer | 0.48 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 555 N CARANCAHUA ST STE 1700, CORP CHRISTI, TX 78401-0851
- Principal officer (990 for 2024)
- Sylvia Whitmore, 555 N Carancahua St 1700, Corpus Christi, TX 784010851
- Signed the 990
- Sylvia Whitmore, CEO
- Phone
- (361) 887-6565
- Website
- www.kenedy.org
- Return prepared by
- Blazek & Vetterling
Mission
See Schedule OThe goal of the Foundation is to nurture and advance endeavors which contribute to the following core values: helping break the cycle of poverty; assisting people to help themselves; developing the Catholic faith; advancing spirituality; nurturing support and love for Catholic institutions; cultivating a passion for learning; fostering respect; encouraging cooperative/collaborative partnerships. See the website www.kenedy.org.
Program accomplishments
- The Foundation makes all of its charitable donations within the State of Texas. Ten percent of its total charitable grants are made to non-sectarian entities, institutions that are defined as non-religious and not church related. Ninety percent of its total charitable distributions are made to sectarian entities. It is the Foundation's practice that a Catholic sectarian organization should be listed in the Official Catholic Directory. Of these sectarian grants, about seventy percent are made in the South Texas area which includes the Diocese of Brownsville, the Diocese of Corpus Christi, and the Diocese of Laredo. Continued on Schedule O Education has been strongly favored in recent grant giving cycles including tuition assistance for Catholic schools and scholarships for Catholic and public universities. Service organizations and Catholic charities which target health, human services, the indigent, equal opportunity, and service to others are also favored. By continually evoking the Foundation's core values when making grant decisions, the Foundation is able to help countless numbers of people.Expenses $17,399,681 · grants $16,891,609
- The Foundation has established a museum in the historic Kenedy Pasture Company building in the township of Sarita, Texas. Since its opening on October 21, 2003, approximately 18,255 individuals have toured the museum or participated in its programs. Examples of programs may be viewed at www.kenedy.org.Expenses $130,817 · revenue $680
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
- 74-6040701
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1961
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X110)
- Assets (IRS master file)
- $494,578,717
- Income (IRS master file)
- $32,436,321
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $31,844,186 | $22,119,519 | $494,578,717 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $23,340,020 | $21,540,965 | $447,376,604 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $49,226,807 | $22,004,481 | $391,275,423 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 74-6040701).
Questions about JOHN G & MARIE STELLA KENEDY MEMORIAL FOUNDATION
- What is the EIN of JOHN G & MARIE STELLA KENEDY MEMORIAL FOUNDATION?
- The employer identification number (EIN) of JOHN G & MARIE STELLA KENEDY MEMORIAL FOUNDATION is 74-6040701.
- Is JOHN G & MARIE STELLA KENEDY MEMORIAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1961.
- Are donations to JOHN G & MARIE STELLA KENEDY MEMORIAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does JOHN G & MARIE STELLA KENEDY MEMORIAL FOUNDATION 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 JOHN G & MARIE STELLA KENEDY MEMORIAL FOUNDATION 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 JOHN G & MARIE STELLA KENEDY MEMORIAL FOUNDATION 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 JOHN G & MARIE STELLA KENEDY MEMORIAL FOUNDATION?
- The 990 for the year ended December 31, 2024 names Sylvia Whitmore.
- Who are the officers and directors of JOHN G & MARIE STELLA KENEDY MEMORIAL FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 18 people; 16 received compensation from the organization, the highest $306,961 (Sylvia Whitmore, CEO/Officer).
- How much revenue does JOHN G & MARIE STELLA KENEDY MEMORIAL FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $31,844,186, expenses of $22,119,519 and total assets of $494,578,717 at year end.
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