KC HENNINGER SOKOL FOUNDATION CARMEN M SOKOL

EIN: 862601255 501(c)(3)

MONROEVILLE, PA

Total Revenue
$20,614
Total Expenses
$68,600
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
PA
Principal Officer
CARMEN M SOKOL
Phone
4127607311
Tax Period
2023-01-01 to 2023-12-31

KC HENNINGER SOKOL FOUNDATION CARMEN M SOKOL, founded in 2021, is a micro nonprofit that reported $21K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $69K exceeded revenue, resulting in a 233% operating deficit.

Mission

THE NOT FOR PROFIT CORPORATION WAS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES UNDER CODE SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PURPOSE OF THE KC HENNINGER SOKOL FOUNDATION ARE EXCLUSIVELY CHARITABLE. CURRENTLY EXCESS NET REVENUE AND CONTRIBUTIONS GENERATED BY THE ORGANIZATION WILL BE DIRECTLY CONTRIBUTED TO THE MULTIPLE MYELOMA RESEARCH FOUNDATION. THE FOUNDATION WAS FORMED BY THE FAMILY OF KC HENNINGER SOKOL TO HELP KEEP HER MEMORY ALIVE. KC PASSED AWAY ON AUGUST 26TH, 2020 FROM THE DISEASE. IT IS THE INTENTION OF THE BOARD OF DIRECTORS TO CONTINUE HER LEGACY THROUGH ACTIVE DONATION SOLICITATION THROUGH THE ORGANIZATIONS WEBSITE AS WELL AS PROMOTING AN ANNUAL GALA WITH GOLF INVITATIONAL TO BE HELD EACH YEAR. OUR MISSION IS TO HELP SUCCEED IN FINDING A CURE FOR MULTIPLE MYELOMA. THE FOUNDATION WANTS TO PRESERVE KC'S BRIGHT SMILE AND HER GENUINE AND UNSELFISH SPIRIT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $23,870
Program Service Revenue $0
Investment Income $0
Other Revenue $-3,256
TOTAL REVENUE $20,614

Expense Breakdown

Grants Paid $68,600
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $68,600
Other Expenses $0
TOTAL EXPENSES $68,600

Year-over-Year Comparison

2023 2022 Change
Revenue $20,614 $35,458 -0.4%
Expenses $68,600 $75,000 -0.1%
Net Income $-47,986 $-39,542 +0.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
F WILLIAM HENNINGER VICE PRESIDE 0.25
Officer
$0 $0 $0
THOMAS H AYOOB III SECRETARY 0.25
Officer
$0 $0 $0
ANTHONY J PETROCELLI TREASURER 0.25
Officer
$0 $0 $0
CARMEN M SOKOL PRESIDENT 0.25
Officer
$0 $0 $0
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
2023 $20,614 $68,600 No data $-47,986
2022 $35,458 $75,000 $47,986 $-39,542
2021 $87,528 No data $87,528 No data
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