Civic Intelligence

The Kernaghan Foundation Inc

990PF • Fiscal year 2022 • EIN 20-0060175

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

Organization Profile
203 Willow StreetSnow Hill, MD 21863

(410) 632-4562

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

69th percentile

0.13x

Higher debt load relative to assets than 69% of similar nonprofits.

2022 filings • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

97th percentile

4.69x

Higher debt load relative to revenue than 97% of similar nonprofits.

2022 filings • $1M-$5M nonprofits • Source year 2022

Net Margin

4th percentile

-268%

Higher net margin than 4% of similar nonprofits.

2022 filings • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • $1M-$5M nonprofits • Source year 2022

Asset Growth

13th percentile

-14%

Faster asset growth than 13% of similar nonprofits.

2022 filings • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

5th percentile

-79%

Faster revenue growth than 5% of similar nonprofits.

2022 filings • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$1,008,711

Down $168,077 (-14%) from 2021

Net Assets

Down

$875,824

Down $70,157 (-7.4%) from 2021

Liabilities

Down

$132,887

Down $97,920 (-42%) from 2021

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin4th percentile

Revenue

Down

$28,351

Down $109,560 (-79%) from 2021

Expenses

Up

$104,420

Up $82,713 (+381%) from 2021

Net Income

Down

-$76,069

Down $192,273 (-165%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2014: $9,603Liabilities 2014: -$553Net Assets 2014: $10,1562014Assets 2015: $8,215Liabilities 2015: -$891Net Assets 2015: $9,1062015Assets 2016: $8,714Liabilities 2016: -$392Net Assets 2016: $9,1062016Assets 2017: $966,881Liabilities 2017: $2,111Net Assets 2017: $964,7702017Assets 2018: $781,166Liabilities 2018: -$127,805Net Assets 2018: $908,9712018Assets 2019: $852,829Liabilities 2019: $0Net Assets 2019: $852,8292019Assets 2020: $810,049Liabilities 2020: $6,600Net Assets 2020: $803,4492020Assets 2021: $1,176,788Liabilities 2021: $230,807Net Assets 2021: $945,9812021Assets 2022: $1,008,711Liabilities 2022: $132,887Net Assets 2022: $875,8242022Assets 2023: $587,984Liabilities 2023: -$94,846Net Assets 2023: $682,8302023Assets 2024: $587,484Liabilities 2024: $0Net Assets 2024: $587,4842024

Highlighted filing

2022

Assets$1,008,711
Liabilities$132,887
Net Assets$875,824
Open 2022 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $942,374Expenses 2017: $10,873Net Income 2017: $931,5012017Revenue 2018: $0Expenses 2018: $110,133Net Income 2018: -$110,1332018Revenue 2019: $72,242Expenses 2019: $116,028Net Income 2019: -$43,7862019Revenue 2020: $6,677Expenses 2020: $34,248Net Income 2020: -$27,5712020Revenue 2021: $137,911Expenses 2021: $21,707Net Income 2021: $116,2042021Revenue 2022: $28,351Expenses 2022: $104,420Net Income 2022: -$76,0692022Revenue 2023: -$17,338Expenses 2023: $118,070Net Income 2023: -$135,4082023Revenue 2024: $0Expenses 2024: $10,000Net Income 2024: -$10,0002024

Highlighted filing

2022

Revenue$28,351
Expenses$104,420
Net Income-$76,069
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tammy J SimpsonVice PresidentPT$0--
Amanda FuchslugerPresidentPT$0--
Kathy J GordonSecretaryPT$0--
Emma B SimpsonTreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
The Kernaghan Foundation Inc
EIN
20-0060175
Phone
4106324562
Address
203 Willow Street, Snow Hill, MD 21863

Signing Officer

Name
Kathy J Gordon
Title
Treasurer
Phone
4106324562
Signed
2023-11-13

Preparer

Firm
Trilogy Tax Services
Address
203 Willow St, Snow Hill, MD 21863
Preparer
Kathy J Gordon
Phone
4106324562
Raw XML Appendix332 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm2Kathy J Gordon
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm3Emma B Simpson
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IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0MD
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd0false
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt0Trilogy Tax Services
IRS990PF/StatementsRegardingActyGrp/PhoneNum04106324562
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd0true
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd0true
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd0false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0N/A
IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt0None
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses1Amt00
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt07427
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0operations
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0Town Cats
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0n/a
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0PO Box 1415
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0Berlin
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0MD
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd021811
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt07427
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt06600
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt06600
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt081500
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt0119700
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt025000
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt06600
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt06600
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt00
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt081500
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt025000
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt025000
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0119700
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt094700
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt011814
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Rental Expenses:Insurance
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Rental Expenses:Repairs & Maintenance
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2Business expenses:Bank Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3Depreciation & amortization exp:Deprec & amort - allowable
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc4Misc expenses:Interest expense - general
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc5Property Insurance
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt03613
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt182
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt211538
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt320583
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt41199
OtherIncomeSchedule2/OtherIncomeDetail/Desc0Realized Gains/Losses
OtherIncreasesSchedule/OtherIncreasesDetail/Amt0507354
OtherIncreasesSchedule/OtherIncreasesDetail/Desc0Unrealized Capital Gains
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/BOYBookValueAmt0-19193
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/Desc0Unrealized Gains/Losses
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/EOYBookValueAmt0-115940
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt017597
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0Gray Crosby Property Management
TaxesSchedule/TaxesDetail/Amt0747
TaxesSchedule/TaxesDetail/Amt1319
TaxesSchedule/TaxesDetail/CategoryTxt0Business expenses:Taxes - other
TaxesSchedule/TaxesDetail/CategoryTxt1Rental Expenses:Tax & License
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Kathy J Gordon
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum04106324562
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Kernaghan Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0KERN
ReturnHeader/Filer/EIN0200060175
ReturnHeader/Filer/PhoneNum04106324562
ReturnHeader/Filer/USAddress/AddressLine1Txt0203 Willow Street
ReturnHeader/Filer/USAddress/CityNm0Snow Hill
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021863
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0811743187
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Trilogy Tax Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0203 Willow St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Snow Hill
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021863
ReturnHeader/PreparerPersonGrp/PhoneNum04106324562
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kathy J Gordon
ReturnHeader/ReturnTs02023-11-14T11:05:57-08:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Kathy
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Gordon
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,008,711
Liabilities
$132,887
Net assets
$875,824
Revenue
$28,351
Expenses
$104,420
Net income
-$76,069
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$0.00$0.01$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.59$0.09$0.68$0.02$0.12$0.14
2022Detailed filing. Detailed filing data is available for this year.$1.01$0.13$0.88$0.03$0.10$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.18$0.23$0.95$0.14$0.02$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.81$0.01$0.80$0.01$0.03$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.07$0.12$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.78$0.13$0.91$0.00$0.11$0.11
2017Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.96$0.94$0.01$0.93
2016Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.00$0.00$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.00$0.00$0.00