The Kevin Kane Memorial Fund Inc
Nonprofit profile at a glance
- EIN
- 043433121
- IRS 990-EZ coverage
- 2018–2021
- Forms available
- Form 990-EZ 2021
- Location
- Ashland, MA, USA
- Phone
- 5088812822
- Rating
- 44
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Private Grantmaking Foundations
Reported finances
- Revenue
- $9,915
- Expenses
- $7,405
- Assets
- $11,200
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Bernard R Kane dec 102721 (President)
People named in this filing
- Bernard R Kane dec 102721 (President)
- G Timothy Kane (Treasurer)
- B Christopher Kane (Clerk)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Kevin Kane Memorial Fund, Inc. holds fundraising events in the name of a courageous cancer victim, Kevin Kane. The funds received are granted as scholarships to deserving students in the local area. Grants are also given to local persons of distinction in the community that are dealing with life threatening cancer and other medical needs.
What it reported doing in 2021
The Kevin Kane Memorial Fund, Inc. granted scholarships to deserving students and courageous awards to persons of distinction in the community.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 11
- Transparency & Controls: 82
- Sustainability: 55
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 9.6%; rating input score 10
- Program expense ratio: 12.8%; rating input score 13
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 25.3%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 1.51; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -67.7% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: 4.3% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 21.6% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 9.6% of revenue deployed · 12.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $950 in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 7 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2018 to 2021
- Contacts: How to reach this organization
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 10/100.
- High — Financial Efficiency: Program expense ratio scored 13/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.