Norma J And William Kenneycharitable Foundation
Norma J And William Kenneycharitable Foundation maintains stable assets with no executive compensation.
EIN: 204704256 · Milwaukee, WI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $240K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3.7 |
| Net Assets | $3.7M |
| Transparency Score | 95/100 |
Is Norma J And William Kenneycharitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Norma J And William Kenneycharitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Norma J And William Kenneycharitable Foundation
Norma J And William Kenneycharitable Foundation (EIN: 204704256) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code T22. The organization reported total revenue of $2.7M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Norma J And William Kenneycharitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Norma J And William Kenneycharitable Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $239K |
| Total Expenses | $240K |
| Surplus / Deficit | $-1,315 |
| Total Assets | $3.7M |
| Total Liabilities | $1 |
| Net Assets | $3.7M |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 185.8 months |
Financial Health Grade: B
In 2023, Norma J And William Kenneycharitable Foundation reported a deficit of $1K with expenses exceeding revenue, holds 185.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Norma J And William Kenneycharitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -12.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +76.8% | +19.0% | +-0.0% |
| 2022 | -65.8% | +32.6% | -1.8% |
| 2021 | +380.2% | -24.4% | +6.7% |
| 2020 | -65.1% | -7.6% | -3.1% |
| 2019 | -35.7% | -15.3% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Norma J And William Kenneycharitable Foundation with a Mission Score of 95 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, Norma J And William Kenneycharitable Foundation 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 deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly commendable and indicates that no portion of the organization's funds are used for officer salaries, especially for an organization with assets over $3.7 million.
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 Norma J And William Kenneycharitable Foundation's IRS 990 filings:
- Significant year-to-year revenue fluctuations, indicating potential reliance on volatile income sources.
Strengths
The following positive indicators were identified for Norma J And William Kenneycharitable Foundation:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency and donor trust.
- Stable and growing asset base, reaching $3,715,636 in 2023, demonstrating financial resilience.
- Minimal to no liabilities reported, indicating a very strong financial position.
- Long history of IRS 990 filings (10 filings), suggesting commitment to transparency and compliance.
- Expenses generally stable and well-managed relative to asset size.
Frequently Asked Questions about Norma J And William Kenneycharitable Foundation
Is Norma J And William Kenneycharitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Norma J And William Kenneycharitable Foundation (EIN: 204704256) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Norma J And William Kenneycharitable Foundation spend its money?
Norma J And William Kenneycharitable Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Norma J And William Kenneycharitable Foundation tax-deductible?
Norma J And William Kenneycharitable Foundation is registered as a tax-exempt nonprofit (EIN: 204704256). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Norma J And William Kenneycharitable Foundation CEO make?
Norma J And William Kenneycharitable Foundation's highest-compensated officer earns $3.7 annually. The organization reported $2.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Norma J And William Kenneycharitable Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Norma J And William Kenneycharitable Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Norma J And William Kenneycharitable Foundation located?
Norma J And William Kenneycharitable Foundation is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 204704256. It is classified under NTEE code T22.
How many years of IRS 990 filings does Norma J And William Kenneycharitable Foundation have?
Norma J And William Kenneycharitable Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.7M in total revenue.
What are the specific programs or grants funded by the foundation?
The provided data does not detail the specific programs or grants funded by the Norma J And William Kenneycharitable Foundation. Further investigation into their Form 990, Part XV (Grants and Other Assistance to Organizations, Governments, and Individuals in the U.S.) would be necessary.
How does the foundation manage its investment portfolio to generate revenue?
Given the fluctuating revenue and the nature of a charitable foundation, a significant portion of its income likely comes from investment returns. The provided data does not detail the investment strategies, but the consistent asset base suggests a managed portfolio.
What is the foundation's long-term strategy for asset growth and charitable distribution?
The data shows consistent asset growth over the long term, from $3,332,014 in 2012 to $3,715,636 in 2023. However, the specific long-term strategy for asset growth and how it aligns with charitable distributions is not detailed in the summary.
Filing History
IRS 990 filing history for Norma J And William Kenneycharitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Norma J And William Kenneycharitable Foundation's revenue has declined by 78.9%, moving from $1.1M to $239K. Total assets increased by 8.2% over the same period, from $3.4M to $3.7M. Total functional expenses rose by 3.6%, from $232K to $240K. In its most recent filing year (2023), Norma J And William Kenneycharitable Foundation reported a deficit of $1K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $239K | $240K | $3.7M | $1 | — | View 990 |
| 2022 | $135K | $202K | $3.7M | $1 | — | View 990 |
| 2021 | $394K | $152K | $3.8M | $1 | — | — |
| 2020 | $82K | $201K | $3.5M | $1 | — | — |
| 2019 | $235K | $218K | $3.7M | $0 | — | View 990 |
| 2015 | $366K | $257K | $3.8M | $0 | — | View 990 |
| 2014 | $493K | $267K | $3.7M | $0 | — | View 990 |
| 2013 | $372K | $242K | $3.5M | $0 | — | View 990 |
| 2012 | $134K | $235K | $3.3M | $0 | — | View 990 |
| 2011 | $1.1M | $232K | $3.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $239K, expenses of $240K, and assets of $3.7M (revenue +76.8% year-over-year).
- 2022: Revenue of $135K, expenses of $202K, and assets of $3.7M (revenue -65.8% year-over-year).
- 2021: Revenue of $394K, expenses of $152K, and assets of $3.8M (revenue +380.2% year-over-year).
- 2020: Revenue of $82K, expenses of $201K, and assets of $3.5M (revenue -65.1% year-over-year).
- 2019: Revenue of $235K, expenses of $218K, and assets of $3.7M (revenue -35.7% year-over-year).
- 2015: Revenue of $366K, expenses of $257K, and assets of $3.8M (revenue -25.8% year-over-year).
- 2014: Revenue of $493K, expenses of $267K, and assets of $3.7M (revenue +32.5% year-over-year).
- 2013: Revenue of $372K, expenses of $242K, and assets of $3.5M (revenue +178.3% year-over-year).
- 2012: Revenue of $134K, expenses of $235K, and assets of $3.3M (revenue -88.2% year-over-year).
- 2011: Revenue of $1.1M, expenses of $232K, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Norma J And William Kenneycharitable Foundation:
Data Sources and Methodology
This transparency report for Norma J And William Kenneycharitable Foundation 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.