Keown Charitable Foundation

Nonprofit profile at a glance

EIN
742668057
IRS 990-PF coverage
2010–2024
Forms available
Form 990-PF 2024
Location
Bryan, TX, USA
Phone
9796805553
Rating
87
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$333,328
Expenses
$436,753

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Keown Charitable Foundation is a nonprofit. Location: Bryan, TX. EIN 742668057. Tax year 2024 Form 990-PF reports $333K revenue and $437K expenses.

What it reported funding in 2024

The foundation reported 64 grants totaling $297,918. The stated grant purposes included grant, scholarship, and fellowship, plus 5 other reported purposes.

Operating model

Revenue model
Investment-supported. 98% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 76% of its reported charitable disbursements as grants.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. The filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: 88
  • Cost Efficiency: 68
  • Transparency: 100
  • Compliance: 94
  • Endowment Health: 80

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 88.1%; rating input score 88; 26th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 68.2%; rating input score 68; 23rd percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 17 of 19 controls in place; rating input score 89
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Fail
    • Compensation paid to a disqualified person: Fail
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 24.05; rating input score 80; 80th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 88.1% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 80th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 35 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Compliance: Part VII-B activity disclosures: 2 of 19 not reported.