2015-11-16T14:39:24-06:00 2014-12-31 510227758 MASTER SIDLOW & ASSOCIATES PA 2002 WEST 14TH STREET WILMINGTON DE 19806 990 2014-01-01 233070339 KENNETT EDUCATION FOUNDATION INC KENN 6103880177 PO BOX 849 KENNETT SQUARE PA 19348 RUDOLPH KARKOSAK PRESIDENT 6103880177 2015-11-16 1 MICHAEL T MCCUDDEN P00161947 3026523480 2014 2016-04-25 22:37:26Z RUDOLPH KARKOSAK PO BOX 849 KENNETT SQUARE PA 19348 461599 0 X KENNETTEDUCATIONFOUNDATION.ORG X 2001 PA THE KENNETT EDUCATION FOUNDATION HAS PARTNERED WITH THE KENNETT CONSOLIDATED SCHOOL DISTRICT TO ENCOURAGE INNOVATIVE IDEAS, INVEST IN PROGRAMS THAT IMPROVE ACADEMIC PROGRESS, PROMOTE FAMILY INVOLVEMENT AND RECOGNIZE THE OUTSTANDING ACHIEVEMENTS OF EDUCATORS. 17 17 0 240 0 0 68531 59120 48982 95597 17655 84753 -13778 -9890 121390 229580 170863 58943 0 0 0 0 0 0 0 37744 14263 208607 73206 -87217 156374 510204 638446 108837 124347 401367 514099 X TO ENHANCE KINDERGARTEN THROUGH TWELFTH GRADE EDUCATIONAL EXPERIENCE IN THE KENNETT CONSOLIDATED SCHOOL DISTRICT; PROVIDE SUPPORT FOR CONTINUING HIGHER EDUCATION THROUGH SCHOLARSHIPS AND PROGRAMS; AND TO PROMOTE AND REWARD EXCELLENCE, CREATIVITY AND IMAGINATION FOR TEACHERS AND COMMUNITY LEADERS. 0 0 66188 58943 95597 TO ENHANCE KINDERGARTEN THROUGH TWELFTH GRADE EDUCATIONAL EXPERIENCE IN THE KENNETT CONSOLIDATED SCHOOL DISTRICT; PROVIDE SUPPORT FOR CONTINUING HIGHER EDUCATION THROUGH SCHOLARSHIPS AND PROGRAMS; AND TO PROMOTE AND REWARD EXCELLENCE, CREATIVITY AND IMAGINATION FOR TEACHERS AND COMMUNITY LEADERS. 66188 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 PA X RUDOLPH KARKOSAK 6103880177 PO BOX 849 KENNETT SQUARE PA 19348 X RUDOLPH KARKOSAK PRESIDENT 20.00 X 0 0 0 SUEANN HALL TREASURER 20.00 X 0 0 0 DAVE SCHAEN 1ST VICE PRESIDENT 10.00 X 0 0 0 MICHAEL H FINNEGAN 2ND VICE PRESIDENT 10.00 X 0 0 0 KAREN BUCHANAN SECRETARY 10.00 X 0 0 0 ALSION BILOON DIRECTOR 10.00 X 0 0 0 BARBARA DECARLO DIRECTOR 10.00 X 0 0 0 VICKI GEHRT DIRECTOR 10.00 X 0 0 0 ASHLEY HARRIS DIRECTOR 10.00 X 0 0 0 TONI JAROS DIRECTOR 10.00 X 0 0 0 JANIS REYNOLDS DIRECTOR 10.00 X 0 0 0 ELIZABETH STINSON DIRECTOR 20.00 X 0 0 0 DAVID SPENCE DIRECTOR 10.00 X 0 0 0 KARL BENNETT DIRECTOR 10.00 X 0 0 0 KORI J BROWN EX-OFFICIO 10.00 X 0 0 0 MICHAEL KELLY EX-OFFICIO 10.00 X 0 0 0 BARRY TOMASETTI EDD EX-OFFICIO 10.00 X 0 0 0 GEOFFREY BOSLEY DIRECTOR 10.00 X 0 0 0 LUIS HUEZO DIRECTOR 10.00 X 0 0 0 DEBORAH SEARS DIRECTOR 10.00 X 0 0 0 SUE ZERN DIRECTOR 10.00 X 0 0 0 0 0 0 0 0 0 0 0 59120 59120 CONTRIBUTIONS 611710 95597 95597 95597 19133 19133 282049 216429 65620 65620 65620 5700 59120 15590 -9890 -9890 229580 95597 0 74863 58943 58943 7245 7245 850 850 5563 5563 605 605 73206 66188 7018 0 12283 89179 1700 331073 375721 166848 171846 510204 638446 13006 41769 95831 82578 108837 124347 X 91725 141946 309642 372153 401367 514099 510204 638446 156374 -43642 0 X 1 X 0 0 0 X 197278 36803 49016 46650 95597 425344 197278 36803 49016 46650 95597 425344 105000 6500 10000 12500 11020 145020 0 105000 6500 10000 12500 11020 145020 280324 4299 90 41361 63276 41226 150252 4299 90 41361 63276 41226 150252 6200 115 6315 201577 43093 90377 109926 136938 581911 0.48170 0.52350 0.25820 0.21160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 FIXED ANNUITY 31170 F VARIABLE ANNUINTY 140676 F 171846 STEM GRANT PAYABLE - LONG TERM 82578 82578 X PART X, LINE 2: THE ORGANIZATION FOLLOWS PROFESSIONAL STANDARDS WHICH CLARIFY THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS AND PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. THE STANDARDS ALSO PROVIDE GUIDANCE ON DERECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. THE ORGANIZATION FILES INFORMATION TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE ORGANIZATION'S FEDERAL INCOME TAX RETURNS FOR TAX YEARS 2011 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION DID NOT HAVE ANY UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2014 AND DOES NOT EXPECT THIS TO CHANGE SIGNIFICANTLY OVER THE NEXT TWELVE MONTHS. THE ASSOCIATION WILL RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX BENEFITS AS A COMPONENT OF INCOME TAX EXPENSE. AS OF DECEMBER 31, 2014, THE ORGANIZATION HAS NOT ACCRUED INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX PROVISIONS. SPRING DINNER 57580 51880 5700 13397 MONSTER MASH 7240 7240 2193 64820 59120 5700 15590 15590 -9890 1 EDUCATIONAL GRANTS AND SCHOLARSHIPS 42 58943 PART I, LINE 2: APPLICANTS ARE REQUIRED TO SUBMIT DETAILED APPLICATIONS OF USE AND SPECIAL PURPOSE OF REQUESTED GRANTS DETAILING CURRICULUM, OBJECTIVES, BUDGET, AND COMMUNITY INVOLVEMENT ASSOCIATED WITH THE GRANTS. FORM 990, PART VI, SECTION B, LINE 11 EACH YEAR, PRIOR TO THE SUBMISSION OF THE ORGANIZATION'S FORM 990 TO THE INTERNAL REVENUE SERVICE, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, AS DISCLOSED IN 990 - SCHEDULE O, SHALL BE PROVIDED WITH A COPY OF THE DRAFT FORM 990 AS COMPLETED BY A CERTIFIED TAX ACCOUNTANT. COMMITTEE MEMBERS SHALL BE PROVIDED WITH AT LEAST FIVE BUSINESS DAYS TO REVIEW THE FORM AND SHOULD HAVE AN OPPORTUNITY TO RAISE QUESTIONS, MAKE SUGGESTIONS, AND ADDRESS ANY POTENTIAL PROBLEMS OR CONCERNS WITH THE FINANCE COMMITTEE CHAIR, WHO MAY CONFER WITH ACCOUNTANTS AND LEGAL COUNSEL OF THE ORGANIZATION WITH RESPECT TO DRAFTS OF THE FORM 990. THIS PROCESS WILL PROVIDE THE BOARD THE OPPORTUNITY TO REVIEW THE FORM 990 WHILE ALSO ENSURING THAT ANNUAL FILING DEADLINES MAY BE MET. A COPY OF THE FILED FORM 990, IF THE FINAL VERSION WAS NOT CIRCULATED PRIOR TO FILING, SHALL BE MADE AVAILABLE TO THE ENTIRE BOARD OF DIRECTORS AS PROMPTLY AS REASONABLY PRACTICAL AFTER THE FILING. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.