Kenneth D Bane Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
Kenneth D Bane Foundation Inc is a 501(c)(3) organization based in Salem, Massachusetts, registered in 2005, with $2,083 in FY2024 revenue. CharityIndex grades it F.
530 Loring Avenue, Salem, MA, 01970 EIN 20-2631734 Since 2005
Revenue (FY2024)
$2,083
▼ 18.3% vs prior year
Community median: $184K
Expenses (FY2024)
$33K
Net assets
$44K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Kenneth D Bane Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating16 mo reserves · -1483% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Kenneth D Bane Foundation Inc: 16 mo reserves · -1483% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Kenneth D Bane Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Kenneth D Bane Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 530 Loring Avenue, Salem, MA, 01970
- City
- Salem
- State
- Massachusetts
- Subcategory
- Community & Neighborhood Development
Financial trends
Revenue declined from $9,513 (FY2013) to $2,083 (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $44K
Operating margin
-1483.4%
Spent more than it raised in the latest fiscal year.
Total assets
$44K
Total liabilities
$0
Net assets
$44K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,083▼18.3% | $32,982▼2.8% | $44,285▼30.5% | $44,285▼30.5% | 990PF |
| 2023 | $2,551▼24.0% | $33,916▲3.4% | $63,694▼0.2% | $63,694▼0.2% | 990PF |
| 2022 | $3,356▼14.5% | $32,806▼3.7% | $63,825▼30.3% | $63,825▼30.3% | 990PF |
| 2021 | $3,926▼6.5% | $34,077▲59.2% | $91,551▼15.7% | $91,551▼15.7% | 990PF |
| 2020 | $4,200▼14.4% | $21,404▼8.8% | $108,652▼7.6% | $108,652▼7.6% | 990PF |
| 2019 | $4,908▲413% | $23,465▼1.1% | $117,621▼5.9% | $117,621▼5.9% | 990PF |
| 2018 | $957▼89.2% | $23,727▲21.5% | $125,001▼21.7% | $125,001▼21.7% | 990PF |
| 2017 | $8,857▼16.9% | $19,531▼54.5% | $159,659▼6.3% | $159,659▼6.3% | 990PF |
| 2016 | $10,662▲254% | $42,923▲95.2% | $170,333▼15.9% | $170,333▼15.9% | 990PF |
| 2015 | $3,016▼92.7% | $21,986▼0.5% | $202,593▼8.6% | $202,593▼8.6% | 990PF |
| 2014 | $41,466▲336% | $22,104▲79.3% | $221,574▲9.6% | $221,574▲9.6% | 990PF |
| 2013 | $9,513 | $12,326▲2.9% | $202,213▼1.4% | $202,213▼1.4% | 990PF |
| 2012 | — | $11,980▼16.7% | $205,026▼0.8% | $205,026▼0.8% | 990PF |
| 2011 | — | $14,380▲70.5% | $206,715▼4.3% | $206,715▼4.3% | 990PF |
| 2010 | — | $8,435 | $216,102 | $216,102 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Kenneth D Bane Foundation Inc a legitimate nonprofit?
- Yes. Kenneth D Bane Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-2631734, based in Salem, Massachusetts. Donations are tax-deductible.
- What is Kenneth D Bane Foundation Inc's EIN?
- Kenneth D Bane Foundation Inc's Employer Identification Number (EIN) is 20-2631734.
- How much revenue does Kenneth D Bane Foundation Inc report?
- Kenneth D Bane Foundation Inc reported $2,083 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Kenneth D Bane Foundation Inc have?
- CharityIndex grades Kenneth D Bane Foundation Inc F, based on financial health (reserves and operating margin).
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Data for Kenneth D Bane Foundation Inc (EIN 20-2631734) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.