William R Kenan Jr Fund For Eng Technology And Science
EIN: 561761145 · Chapel Hill, NC
| Metric | Value |
|---|---|
| Total Revenue | $8.1M |
| Total Expenses | $2.2M |
| Net Assets | $31.1M |
Is William R Kenan Jr Fund For Eng Technology And Science Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About William R Kenan Jr Fund For Eng Technology And Science
William R Kenan Jr Fund For Eng Technology And Science (EIN: 561761145) is a nonprofit organization based in Chapel Hill, NC. The organization reported total revenue of $8.1M and total assets of $31.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William R Kenan Jr Fund For Eng Technology And Science's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
William R Kenan Jr Fund For Eng Technology And Science is a mid-size nonprofit that has been operating for 34 years, with 12 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 23.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.3M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$2.1M |
| Total Assets | $31.1M |
| Total Liabilities | $1 |
| Net Assets | $31.1M |
| Operating Margin | 48.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 171.0 months |
Financial Health Grade: A
In 2024, William R Kenan Jr Fund For Eng Technology And Science reported a surplus of $2.1M with revenue exceeding expenses, holds 171.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2024), William R Kenan Jr Fund For Eng Technology And Science's revenue has grown at a compound annual growth rate (CAGR) of 23.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +91.3% | +3.3% | +7.2% |
| 2023 | +55.5% | +7.6% | +0.5% |
| 2022 | -35.8% | +35.2% | -1.8% |
| 2021 | -77.2% | -37.4% | +3.1% |
| 2020 | +250.4% | +36.2% | +35.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for William R Kenan Jr Fund For Eng Technology And Science has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates William R Kenan Jr Fund For Eng Technology And Science with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about William R Kenan Jr Fund For Eng Technology And Science
Is William R Kenan Jr Fund For Eng Technology And Science a legitimate charity?
William R Kenan Jr Fund For Eng Technology And Science (EIN: 561761145) is a registered tax-exempt nonprofit based in North Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $8.1M. No red flags identified. Financial health grade: A.
How does William R Kenan Jr Fund For Eng Technology And Science spend its money?
William R Kenan Jr Fund For Eng Technology And Science reported $8.1M in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to William R Kenan Jr Fund For Eng Technology And Science tax-deductible?
William R Kenan Jr Fund For Eng Technology And Science is registered as a tax-exempt nonprofit (EIN: 561761145). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is William R Kenan Jr Fund For Eng Technology And Science located?
William R Kenan Jr Fund For Eng Technology And Science is headquartered in Chapel Hill, North Carolina and files with the IRS under EIN 561761145.
How many years of IRS 990 filings does William R Kenan Jr Fund For Eng Technology And Science have?
William R Kenan Jr Fund For Eng Technology And Science has 12 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 $8.1M in total revenue.
Filing History
IRS 990 filing history for William R Kenan Jr Fund For Eng Technology And Science showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2024), William R Kenan Jr Fund For Eng Technology And Science's revenue has grown by 1400.4%, moving from $285K to $4.3M. Total assets increased by 35.2% over the same period, from $23.0M to $31.1M. Total functional expenses rose by 58.1%, from $1.4M to $2.2M. In its most recent filing year (2024), William R Kenan Jr Fund For Eng Technology And Science reported a surplus of $2.1M, with revenue exceeding expenses. The organization holds $1 in liabilities against $31.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $31.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $4.3M | $2.2M | $31.1M | $1 | — | — |
| 2023 | $2.2M | $2.1M | $29.0M | $1 | — | View 990 |
| 2022 | $1.4M | $2.0M | $28.9M | $1 | — | View 990 |
| 2021 | $2.2M | $1.5M | $29.4M | $1 | — | View 990 |
| 2020 | $9.8M | $2.3M | $28.6M | $0 | — | View 990 |
| 2019 | $2.8M | $1.7M | $21.0M | $0 | — | View 990 |
| 2016 | $737K | $1.6M | $23.3M | $0 | — | View 990 |
| 2015 | $1.2M | $1.5M | $24.2M | $0 | — | View 990 |
| 2014 | $2.1M | $1.5M | $24.5M | $0 | — | View 990 |
| 2013 | $2.8M | $1.3M | $24.1M | $0 | — | View 990 |
| 2012 | $1.2M | $1.5M | $22.7M | $0 | — | View 990 |
| 2011 | $285K | $1.4M | $23.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $4.3M, expenses of $2.2M, and assets of $31.1M (revenue +91.3% year-over-year).
- 2023: Revenue of $2.2M, expenses of $2.1M, and assets of $29.0M (revenue +55.5% year-over-year).
- 2022: Revenue of $1.4M, expenses of $2.0M, and assets of $28.9M (revenue -35.8% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.5M, and assets of $29.4M (revenue -77.2% year-over-year).
- 2020: Revenue of $9.8M, expenses of $2.3M, and assets of $28.6M (revenue +250.4% year-over-year).
- 2019: Revenue of $2.8M, expenses of $1.7M, and assets of $21.0M (revenue +280.7% year-over-year).
- 2016: Revenue of $737K, expenses of $1.6M, and assets of $23.3M (revenue -36.9% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.5M, and assets of $24.2M (revenue -43.8% year-over-year).
- 2014: Revenue of $2.1M, expenses of $1.5M, and assets of $24.5M (revenue -24.5% year-over-year).
- 2013: Revenue of $2.8M, expenses of $1.3M, and assets of $24.1M (revenue +133.3% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.5M, and assets of $22.7M (revenue +314.1% year-over-year).
- 2011: Revenue of $285K, expenses of $1.4M, and assets of $23.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for William R Kenan Jr Fund For Eng Technology And Science:
Data Sources and Methodology
This transparency report for William R Kenan Jr Fund For Eng Technology And Science 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.