Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co
Karen A And Kevin W Kennedy Foundation consistently operates with zero officer compensation, directing funds to its mission.
EIN: 133318161 · Gulf Stream, FL · Updated: 2026-03-28
Is Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co
Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co (EIN: 133318161) is a nonprofit organization based in Gulf Stream, FL. The organization reported total revenue of $1.2M and total assets of $173K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co is a mid-size nonprofit that has been operating for 40 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $672K |
| Total Expenses | $613K |
| Surplus / Deficit | +$60K |
| Total Assets | $251K |
| Total Liabilities | $1 |
| Net Assets | $251K |
| Operating Margin | 8.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 4.9 months |
Financial Health Grade: A
In 2023, Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co reported a surplus of $60K with revenue exceeding expenses, holds 4.9 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.2% | +24.3% | -49.0% |
| 2022 | -45.0% | -2.9% | -18.9% |
| 2021 | +58.0% | +73.4% | +10.1% |
| 2020 | +1891.4% | -22.3% | +41.8% |
| 2019 | -95.7% | -35.6% | -39.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $60K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers. This is a highly positive financial practice, ensuring that all available funds are directed towards the foundation's charitable activities rather than administrative salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co's IRS 990 filings:
- Significant fluctuations in annual revenue and assets, indicating potential unpredictability in funding.
- NTEE Code is unknown, which limits understanding of its specific charitable focus.
Strengths
The following positive indicators were identified for Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co:
- Consistent 0% officer compensation, maximizing funds for charitable purposes.
- Maintains minimal liabilities, indicating strong financial management.
- Generally positive net income, with revenue exceeding expenses in most years.
- Consistent filing of IRS 990 forms, demonstrating transparency.
Frequently Asked Questions about Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co
Is Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co a legitimate charity?
Based on AI analysis of IRS 990 filings, Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co (EIN: 133318161) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co spend its money?
Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co tax-deductible?
Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co is registered as a tax-exempt nonprofit (EIN: 133318161). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific programs or grants the foundation supports?
The provided data does not detail the specific programs or recipients of grants. Further investigation of the full 990 forms would be needed to identify the foundation's beneficiaries and programmatic focus.
How does the foundation manage its assets given the fluctuations?
The foundation's assets have fluctuated significantly, from a high of $972,308 in 2013 to a low of $172,655 currently. While the data doesn't explain the investment strategy, the consistent positive net income suggests assets are managed to support ongoing operations and grant-making.
Is the foundation's revenue growth sustainable?
Revenue has varied considerably year-to-year, from $33,144 in 2019 to over $1 million in other years. This volatility suggests reliance on fluctuating contributions or investment returns, rather than a steady, predictable income stream, which could impact long-term planning.
Filing History
IRS 990 filing history for Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co's revenue has grown by 43.9%, moving from $467K to $672K. Total assets decreased by 73.8% over the same period, from $957K to $251K. Total functional expenses rose by 40.7%, from $435K to $613K. In its most recent filing year (2023), Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co reported a surplus of $60K, with revenue exceeding expenses. The organization holds $1 in liabilities against $251K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $251K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $672K | $613K | $251K | $1 | — | View 990 |
| 2022 | $574K | $493K | $492K | $1 | — | View 990 |
| 2021 | $1.0M | $508K | $606K | $1 | — | View 990 |
| 2020 | $660K | $293K | $551K | $1 | — | View 990 |
| 2019 | $33K | $377K | $388K | $1 | — | View 990 |
| 2015 | $769K | $586K | $645K | $0 | — | View 990 |
| 2014 | $480K | $484K | $806K | $0 | — | View 990 |
| 2013 | $1.1M | $673K | $972K | $0 | — | View 990 |
| 2012 | $467K | $435K | $957K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $672K, expenses of $613K, and assets of $251K (revenue +17.2% year-over-year).
- 2022: Revenue of $574K, expenses of $493K, and assets of $492K (revenue -45.0% year-over-year).
- 2021: Revenue of $1.0M, expenses of $508K, and assets of $606K (revenue +58.0% year-over-year).
- 2020: Revenue of $660K, expenses of $293K, and assets of $551K (revenue +1891.4% year-over-year).
- 2019: Revenue of $33K, expenses of $377K, and assets of $388K (revenue -95.7% year-over-year).
- 2015: Revenue of $769K, expenses of $586K, and assets of $645K (revenue +60.1% year-over-year).
- 2014: Revenue of $480K, expenses of $484K, and assets of $806K (revenue -55.5% year-over-year).
- 2013: Revenue of $1.1M, expenses of $673K, and assets of $972K (revenue +130.7% year-over-year).
- 2012: Revenue of $467K, expenses of $435K, and assets of $957K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co:
Data Sources and Methodology
This transparency report for Karen A And Kevin W Kennedy Foundation C/O Goldman Sachs & Co is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.