Civic Intelligence

Kendal on Hudson Charitable Fund

990 • Fiscal year 2017 • EIN 46-3359139

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 08, 2018

1010 Kendal waysleepy hollow, NY 10591

(914) 922-1000

Siviq Scores

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

Liabilities / Assets

12th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • NTEE E • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

12th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • NTEE E • $1M-$5M nonprofits • Source year 2017

Net Margin

94th percentile

62%

Higher net margin than 94% of similar nonprofits.

2017 filings • NTEE E • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

78th percentile

$264,853

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 131.7% of source-year revenue.

2017 filings • NTEE E • $1M-$5M nonprofits • Source year 2017

Asset Growth

15th percentile

-14%

Faster asset growth than 15% of similar nonprofits.

2017 filings • NTEE E • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

23rd percentile

-9.2%

Faster revenue growth than 23% of similar nonprofits.

2017 filings • NTEE E • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,086,626

Down $171,401 (-14%) from 2016

Net Assets

Up

$1,086,626

Up $681,142 (+168%) from 2016

Liabilities

Down

$0

Down $852,543 (-100%) from 2016

Revenue

Down

$201,111

Down $20,498 (-9.2%) from 2016

Expenses

Down

$75,605

Down $18,265 (-19%) from 2016

Net Income

Down

$125,506

Down $2,233 (-1.7%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2013: $76,215Liabilities 2013: $02013Assets 2014: $1,040,672Liabilities 2014: $80,882Net Assets 2014: $959,7902014Assets 2015: $1,120,245Liabilities 2015: $0Net Assets 2015: $1,120,2452015Assets 2016: $1,258,027Liabilities 2016: $852,543Net Assets 2016: $405,4842016Assets 2017: $1,086,626Liabilities 2017: $0Net Assets 2017: $1,086,6262017Assets 2018: $1,156,844Liabilities 2018: $70,247Net Assets 2018: $1,086,5972018Assets 2019: $1,420,854Liabilities 2019: $191,124Net Assets 2019: $1,229,7302019Assets 2020: $1,437,807Liabilities 2020: $80,977Net Assets 2020: $1,356,8302020Assets 2021: $1,698,468Liabilities 2021: $92,168Net Assets 2021: $1,606,3002021Assets 2022: $1,536,146Liabilities 2022: $124,872Net Assets 2022: $1,411,2742022Assets 2023: $1,740,024Liabilities 2023: $143,098Net Assets 2023: $1,596,9262023Assets 2024: $1,892,939Liabilities 2024: $164,969Net Assets 2024: $1,727,9702024

Highlighted filing

2017

Assets$1,086,626
Liabilities$0
Net Assets$1,086,626

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $76,215Expenses 2013: $0Net Income 2013: $76,2152013Revenue 2014: $883,585Expenses 2014: $10Net Income 2014: $883,5752014Revenue 2015: $244,238Expenses 2015: $88,050Net Income 2015: $156,1882015Revenue 2016: $221,609Expenses 2016: $93,870Net Income 2016: $127,7392016Revenue 2017: $201,111Expenses 2017: $75,605Net Income 2017: $125,5062017Revenue 2018: $128,883Expenses 2018: $70,249Net Income 2018: $58,6342018Revenue 2019: $78,849Expenses 2019: $91,165Net Income 2019: -$12,3162019Revenue 2020: $108,941Expenses 2020: $80,996Net Income 2020: $27,9452020Revenue 2021: $183,065Expenses 2021: $96,094Net Income 2021: $86,9712021Revenue 2022: $168,987Expenses 2022: $121,871Net Income 2022: $47,1162022Revenue 2023: $180,108Expenses 2023: $140,131Net Income 2023: $39,9772023Revenue 2024: $211,697Expenses 2024: $163,369Net Income 2024: $48,3282024

Highlighted filing

2017

Revenue$201,111
Expenses$75,605
Net Income$125,506
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 8, 2018
Return Version
2017v2.3
Gross Receipts
$201,111
Mission and Program Overview

Mission

To foster, promote and support programs and services for the benefit of senior citizens by fundraising and distribution of funds to other charitable organizations who seek to create, improve and execute innovative programs and services to enhance the financial, recreational, social and physical well-being of the elderly. enhance the financial, recreational, social and physical well-being of the elderly.

To foster, promote and support programs and services for the benefit of senior citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,200,118$1,051,367▼ $148,751
Pledges and Grants Receivable$57,909$35,259▼ $22,650
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,258,027$1,086,626▼ $171,401
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$852,543$0▼ $852,543
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$852,543$0▼ $852,543
Net Assets / Fund Balance
Temporarily Rstr Net Assets$399,187$828,252▲ $429,065
Unrestricted Net Assets$6,297$258,374▲ $252,077
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$405,484$1,086,626▲ $681,142
Total Liabilities and Net Assets / Fund Balance$1,258,027$1,086,626▼ $171,401
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jennifer AndersonCFO$114,694$114,694

Board Members and Trustees

NameTitle
Leonard AndrewChair
Ed HaninVice Chairman
Mary Nicholsdirector
Tracey Eve Johnstondirector
Patricia DoyleCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$184,256
Program Service Revenue
$0
Investment Income
$16,855
Other Revenue
$0
All Other Contributions
$184,256
Change in Net Assets
$125,506
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$73,919
Other Expenses$1,686
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$73,919--$73,919
Other Expenses-$1,686-$1,686
Total Functional Expenses$73,919$1,686$0$75,605
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kendal on HudsonSleepy Hollow, NY501(c)(3)General Support$73,919
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, LINE 7A

Per the organization's bylaws, the Kendal on Hudson Charitable Fund board of directors must seek and obtain the approval of its parent organization, Kendal on Hudson, to select new members to the Board of Directors. FORM 990, PART VI, LINE 7B Per the organization's bylaws, the Kendal on Hudson Charitable Fund board of directors must seek and obtain the approval of its parent organization, Kendal on Hudson, on the following governance matters: a. Dissolution, merger or consolidation with another entity division or acquiring control of another entity; and, b. Amendments to the Certificate of Incorporation or to certain provisions of the bylaws.

Form 990, Part VI, Line 11

The Form 990 was prepared by an independent accounting firm in conjunction with the organization's financial department. A copy of the draft form 990 was circulated to the full board of trustees for discussion and comment. Each board member was provided ample opportunity to comment on the information contained in the 990 prior to its filing with the Internal Revenue Service.

Form 990, Part VI, Line 12

Kendal on Hudson Charitable Fund follows the conflict of interest policy of its parent, Kendal on Hudson. Each officer, director, trustee and key employee of Kendal on Hudson is required to disclose any conflicts of interest that arise by virtue of employment, board service, or position with the organization. Kendal on Hudson monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately. Form 990, Part VI, line 13 and 14 the Kendal on Hudson Charitable Fund operates under the whistleblower and document retention policy of its parent organization, Kendal on Hudson.

Form 990, Part VI, Line 19

The organization makes its form 990 available to the public by retaining a copy at its place of business. The Form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.

Filing and Contact Details

Filer

Filer Name
Kendal on Hudson Charitable Fund
EIN
46-3359139
In Care Of
% JEAN ECCLESTON
Phone
9149221000
Address
1010 Kendal way, sleepy hollow, NY 10591

Signing Officer

Name
Jean Eccleston
Title
CFO
Phone
9149221000
Signed
2018-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Antonucci
Formed
2013
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Grant Thornton Llp
Address
757 THIRD AVENUE 3RD FLOOR, NEW YORK, NY 10017-2013
Preparer
Scott Thompsett
Phone
2125990100
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Net assets released from restrictions for property and equipment $469,176 ---------- total: $469,176 ==========

Financial Statement Notes

Schedule D, Part X, Line 2

Kendal on Hudson Charitable Fund does not receive its own standalone audited financial statements; its financial operations are included within the consolidated audit report of its parent organization, Kendal on Hudson. Accordingly, the below FIN-48, Uncertain Tax Position footnote, is reproduced from the consolidated audited financial statement report. KOH follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the consolidated financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. KOH is exempt from federal income tax, though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. KOH has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. KOH has determined that there are no material uncertain tax positions that require recognition or disclosure in the consolidated financial statements.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Kendal on Hudson Charitable Fund does not receive its own standalone audited financial statements; its financial operations are included within the consolidated audit report of its parent organization, Kendal on Hudson. Accordingly, the below FIN-48, Uncertain Tax Position footnote, is reproduced from the consolidated audited financial statement report. KOH follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the consolidated financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. KOH is exempt from federal income tax, though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. KOH has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. KOH has determined that there are no material uncertain tax positions that require recognition or disclosure in the consolidated financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General Support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Kendal on Hudson
IRS990ScheduleI/RecipientTable/RecipientEIN0133971396
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01010 Kendal Way
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Sleepy Hollow
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010591
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Charitable Fund's primary exempt purpose is to provide funding that supports the charitable mission of its parent organization, Kendal on Hudson. Both organizations share financial management and so exercising due diligence in a formal capacity is not required. All funds gifted to Kendal on Hudson are used to further its programmatic endeavors.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Schedule I, Part I, Line 1
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Patricia Doyle
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Per the organization's bylaws, the Kendal on Hudson Charitable Fund board of directors must seek and obtain the approval of its parent organization, Kendal on Hudson, to select new members to the Board of Directors. FORM 990, PART VI, LINE 7B Per the organization's bylaws, the Kendal on Hudson Charitable Fund board of directors must seek and obtain the approval of its parent organization, Kendal on Hudson, on the following governance matters: a. Dissolution, merger or consolidation with another entity division or acquiring control of another entity; and, b. Amendments to the Certificate of Incorporation or to certain provisions of the bylaws.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 was prepared by an independent accounting firm in conjunction with the organization's financial department. A copy of the draft form 990 was circulated to the full board of trustees for discussion and comment. Each board member was provided ample opportunity to comment on the information contained in the 990 prior to its filing with the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Kendal on Hudson Charitable Fund follows the conflict of interest policy of its parent, Kendal on Hudson. Each officer, director, trustee and key employee of Kendal on Hudson is required to disclose any conflicts of interest that arise by virtue of employment, board service, or position with the organization. Kendal on Hudson monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately. Form 990, Part VI, line 13 and 14 the Kendal on Hudson Charitable Fund operates under the whistleblower and document retention policy of its parent organization, Kendal on Hudson.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization makes its form 990 available to the public by retaining a copy at its place of business. The Form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NET ASSETS RELEASED FROM RESTRICTIONS FOR PROPERTY AND EQUIPMENT $469,176 ---------- TOTAL: $469,176 ==========
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, LINE 7a
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, LINE 12
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, Line 9
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0KENDAL AT OBERLIN

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