Corpus Christi, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)The John G and Marie Stella Kenedy Memorial Foundation, founded in 1960, is a mid-sized nonprofit in the Religion sector that reported $23.3M in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $21.5M left a modest 8% surplus.
The goal of the Foundation is to nurture and advance endeavors which contribute to the following core values: help 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.
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...
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 70% 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.
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 18,091 individuals have...
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 18,091 individuals have toured the museum or participated in its programs. Examples of programs may be viewed at www.kenedy.org.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $23,340,020 | $49,226,807 | -0.5% |
| Expenses | $21,540,965 | $22,004,481 | 0.0% |
| Net Income | $1,799,055 | $27,222,326 | -0.9% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Bishop Robert Coerver | Director | 1.00 |
Director
|
$13,800 | $53,874 | $88,650 |
| Gloria Hicks | Vice President | 2.00 |
Officer
Director
|
$13,800 | $0 | $13,800 |
| Robert J Sweeney | Treasurer | 1.00 |
Officer
Director
|
$13,800 | $0 | $13,800 |
| Jean Claire Turcotte | Secretary | 1.00 |
Officer
Director
|
$13,800 | $0 | $13,800 |
| Thomas E Dobson | Director | 2.00 |
Director
|
$1,000 | $0 | $1,000 |
| Brad Stewart | Director | 0.50 |
Director
|
$1,000 | $0 | $1,000 |
| Nicholas T Serafy Jr | Director | 2.00 |
Director
|
$13,800 | $0 | $13,800 |
| Marcela Garcia | Director | 1.50 |
Director
|
$12,800 | $0 | $12,800 |
| Michael F Terry | Director | 1.50 |
Director
|
$13,800 | $0 | $13,800 |
| Francis Hubert | Director | 0.50 |
Director
|
$12,800 | $0 | $12,800 |
| Ricardo Hinojosa | President | 0.48 |
Officer
Director
|
$0 | $0 | $0 |
| BP WM Michael Mulvey | Director | 1.00 |
Director
|
$12,600 | $45,716 | $86,318 |
| AB Gustavo Garcia-Siller | Director | 3.00 |
Director
|
$12,600 | $33,534 | $71,592 |
| Bishop John Cahill | Director | 1.50 |
Director
|
$13,800 | $40,938 | $72,738 |
| Sylvia Whitmore | CEO/Officer | 40.00 |
Officer
|
$293,854 | $52,768 | $346,622 |
| Paul Damerow | Comptroller | 40.00 |
Highest
|
$161,095 | $35,507 | $196,602 |
| Marco Castillo | Operations Officer | 40.00 |
Highest
|
$142,864 | $27,312 | $170,176 |
| Silvat Majeed | Investment Officer | 40.00 |
Highest
|
$119,410 | $17,060 | $136,470 |
| Linda E Galvan | Assistant Comptroller | 40.00 |
Highest
|
$115,143 | $24,311 | $139,454 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $23,340,020 | $21,540,965 | $447,376,604 | $1,799,055 |
| 2022 | $49,226,807 | $22,004,481 | $391,275,423 | $27,222,326 |
| 2021 | $73,765,655 | $19,899,876 | $427,674,743 | $53,865,779 |
| 2020 | $75,089,891 | $18,408,488 | $364,888,417 | $56,681,403 |
| 2019 | $23,664,032 | $18,685,512 | $343,706,599 | $4,978,520 |
| 2018 | $21,681,654 | $17,470,310 | $299,478,723 | $4,211,344 |
Compare The John G and Marie Stella Kenedy Memorial Foundation with other nonprofits in Texas and across the country.