KENDAL CHARITABLE FUNDS

EIN: 232626425 501(c)(3)

NEWARK, DE

Total Revenue
$226,284
Total Expenses
$149,057
Total Assets
$4,700,173
Net Assets
$4,326,358
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
PA
Principal Officer
VASSAR BYRD
Phone
6103351200
Tax Period
2024-01-01 to 2024-12-31

KENDAL CHARITABLE FUNDS, founded in 1989, is a small nonprofit that reported $226K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $77K, a strong 34% operating margin.

Mission

RAISE, RECEIVE, MANAGE, INVEST AND EXPEND FUNDS IN SUPPORT OF THE KENDAL CORPORATION, ITS AFFILIATED ENTITIES, AND ITS CHARITABLE PURPOSES

Program Service Accomplishments

Program 1
Expenses: $45,000 Revenue: $0

GRANT PROGRAM: ALZHEIMER'S ASSOCIATION, WALK TO END ALZHEIMER'SALZHEIMER'S AND ALL OTHER DEMENTIAS EFFECT MORE THAN 6 MILLION OLDER ADULTS IN AMERICA. THE ALZHEIMER'S ASSOCIATION IS THE LEADING...

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GRANT PROGRAM: ALZHEIMER'S ASSOCIATION, WALK TO END ALZHEIMER'SALZHEIMER'S AND ALL OTHER DEMENTIAS EFFECT MORE THAN 6 MILLION OLDER ADULTS IN AMERICA. THE ALZHEIMER'S ASSOCIATION IS THE LEADING VOLUNTARY HEALTH ORGANIZATION IN ALZHEIMER'S CARE, SUPPORT AND RESEARCH. IN APRIL 2024, THE KENDAL CHARITABLE FUNDS (KCF) BOARD APPROVED FUNDING ON BEHALF OF AND TO SUPPORT EACH KENDAL AFFILIATE AS IT RELATES TO THEIR WALK TO END ALZHEIMER'S TEAM. THIS EFFORT HELPED INCREASE ENGAGEMENT OF STAFF AND RESIDENTS/MEMBERS, INCREASE AWARENESS OF ALZHEIMER'S AND OTHER DEMENTIAS AMONG KENDAL-AFFILIATED ORGANIZATIONS, INCREASE FUNDS RAISED ACROSS THE SYSTEM TO SUPPORT THE ALZHEIMER'S VISION OF A WORLD WITHOUT ALZHEIMER'S AND ALL OTHER DEMENTIAS, AND INCREASE AWARENESS OF KCF AMONG AFFILIATES.

Program 2
Expenses: $25,000 Revenue: $0

LLOYD LEWIS PROMISING INNOVATIONS GRANT:THE 2022 PROMISING INNOVATIONS GRANT CYCLE FOCUSED ON THE NATIONAL WORKFORCE SHORTAGES FACING THE HEALTHCARE SYSTEM, PARTICULARLY THE SHORTAGE OF SKILLED...

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LLOYD LEWIS PROMISING INNOVATIONS GRANT:THE 2022 PROMISING INNOVATIONS GRANT CYCLE FOCUSED ON THE NATIONAL WORKFORCE SHORTAGES FACING THE HEALTHCARE SYSTEM, PARTICULARLY THE SHORTAGE OF SKILLED WORKERS IN THE FIELD OF AGING SERVICES. FUNDING WAS APPROVED DURING THE OCTOBER 2022 BOARD MEETING FOR THE ACADEMY OF HOPE ADULT PUBLIC CHARTER SCHOOL (AOH). AOH WAS AWARDED A $50,000 GRANT IN 2022 TO BE DISBURSED OVER THE COURSE OF TWO (2) YEARS. THE GRANT PROGRAM RUNS 1/1/2023 - 12/31/2024. THE FIRST INSTALLMENT WAS PAID IN DECEMBER 2022. THE FINAL INSTALLMENT WAS PAID IN DECEMBER 2024. AS PART OF AOH'S GRANT-FUNDED PROGRAM, ADULT LEARNERS WILL BE TRAINED AND CERTIFIED IN CNA TRAINING, WHICH WILL INCLUDE CLINICAL TRAINING, MANDATORY INTERNSHIPS AND JOB SHADOWING OPPORTUNITIES.THIS FUNDING WILL HELP ACADEMY OF HOPE MEET CAPACITY NEEDS TO SERVE MORE ADULT LEARNERS WHO ARE SEEKING ECONOMIC SELF-SUFFICIENCY FOR THEMSELVES AND THEIR FAMILIES THROUGH HIGH-DEMAND CAREERS IN THE HEALTHCARE SECTOR, WHILE AT THE SAME TIME ADDRESSING THE SHORTAGE OF QUALIFIED HEALTHCARE WORKERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $98,316
Program Service Revenue $0
Investment Income $127,968
Other Revenue $0
TOTAL REVENUE $226,284

Expense Breakdown

Grants Paid $70,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $70,000
Other Expenses $79,057
TOTAL EXPENSES $149,057

Year-over-Year Comparison

2024 2023 Change
Revenue $226,284 $451,921 -0.5%
Expenses $149,057 $109,231 +0.4%
Net Income $77,227 $342,690 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$869,892
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA FREEDMAN CHAIR 3.00
Officer Director
$0 $0 $0
JEFFREY HARNESS VICE CHAIR 1.00
Officer Director
$0 $0 $0
RICHARD SCHRAMM TREASURER 1.00
Officer Director
$0 $0 $0
CARLA WILLIS SECRETARY 1.00
Officer Director
$0 $0 $0
DAN CHURCHILL MEMBER 1.00
Director
$0 $0 $0
JAMES GREENWOOD MEMBER 1.00
Director
$0 $0 $0
LEE ANN SULLIVAN MEMBER 1.00
Director
$0 $0 $0
GRACE TOMPOS MEMBER 1.00
Director
$0 $0 $0
TARA QUINN MEMBER - LEFT DEC 2024 1.00
Director
$0 $0 $0
VASSAR BYRD PRESIDENT & CEO EFFECTIVE JAN 2024 2.50
Officer
$0 $23,179 $447,730
AMY HARRISON CFO [INTERIM CEO THRU JAN 2024] 2.00
Officer
$0 $54,471 $422,162
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $226,284 $149,057 $4,700,173 $77,227
2023 $451,921 $109,231 $4,321,897 $342,690
2022 $227,490 $151,717 $3,972,193 $75,773
2021 $226,039 $53,099 $5,128,306 $172,940
2020 $365,031 $134,061 $4,685,477 $230,970
2019 $184,155 $130,788 $4,298,052 $53,367
2018 $243,684 $235,860 $3,887,707 $7,824
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