William R Kenan Jr Charitable Trust
Only null% goes to programs Strong reserves Declining revenue
William R Kenan Jr Charitable Trust is a 501(c)(3) organization based in Chapel Hill, North Carolina, registered in 2012, with $26,806,347 in FY2023 revenue. CharityIndex grades it D.
100 Europa Dr Ste 525, Chapel Hill, NC, 27517 EIN 13-6192029 Since 2012
Revenue (FY2023)
$26.8M
▼ 67.1% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$37.7M
Net assets
$655.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—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 William R Kenan Jr Charitable Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating209 mo reserves · -41% 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 William R Kenan Jr Charitable Trust: 209 mo reserves · -41% margin earns a D 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 William R Kenan Jr Charitable Trust— 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 William R Kenan Jr Charitable Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 100 Europa Dr Ste 525, Chapel Hill, NC, 27517
- City
- Chapel Hill
- State
- North Carolina
- Subcategory
- Private Foundations
- Phone
- …
Financial trends
Revenue declined from $137.6M (FY2020) to $26.8M (FY2023) across 4 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $655.6M
Operating margin
-40.6%
Spent more than it raised in the latest fiscal year.
Total assets
$655.6M
Total liabilities
$0
Net assets
$655.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $26,806,347▼67.1% | $37,684,743▼11.4% | $655,572,008▼1.6% | $655,572,008▼1.6% | 990PF |
| 2022 | $81,478,601▼22.2% | $42,518,521▲2.2% | $666,454,369▲6.2% | $666,454,369▲6.2% | 990PF |
| 2021 | $104,676,286▼23.9% | $41,609,843▲8.4% | $627,541,458▲11.2% | $627,541,458▲11.2% | 990PF |
| 2020 | $137,606,226 | $38,368,152 | $564,490,046 | $564,490,046 | 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.
Leadership & compensation (FY2023)
Highest-paid: Jp Morgan Chase Bank Na — $2,826,831 (7.50% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jp Morgan Chase Bank Na | Trustee | 40 | $2,826,831 |
| Lawrence Lewis Gray | Co-trustee | 12 | $160,000 |
| Thomas S Kenan III | Co-trustee | 12 | $160,000 |
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Frequently asked questions
- Is William R Kenan Jr Charitable Trust a legitimate nonprofit?
- Yes. William R Kenan Jr Charitable Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-6192029, based in Chapel Hill, North Carolina. Donations are tax-deductible.
- What is William R Kenan Jr Charitable Trust's EIN?
- William R Kenan Jr Charitable Trust's Employer Identification Number (EIN) is 13-6192029.
- How much revenue does William R Kenan Jr Charitable Trust report?
- William R Kenan Jr Charitable Trust reported $26,806,347 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does William R Kenan Jr Charitable Trust have?
- CharityIndex grades William R Kenan Jr Charitable Trust D, based on financial health (reserves and operating margin).
- How much does William R Kenan Jr Charitable Trust's highest-paid employee make?
- The highest reported compensation on William R Kenan Jr Charitable Trust's latest Form 990 is $2,826,831, paid to Jp Morgan Chase Bank Na (Trustee).
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Data for William R Kenan Jr Charitable Trust (EIN 13-6192029) 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.