Kelly Foundation
- Assets
- $430.4k
- Revenue
- $37.7k
- Investments
- $430.3k
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 06/1999
- Data as of
- 09/2023
- EIN
- 04-6880136
Organization Overview
Kelly Foundation is located in Wellesley, MA. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kelly Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Kelly Foundation generated $37.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $63.2k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrienne Eckart Co-Trustee | 1 | $0 | |
Christopher Kelly Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,537 |
| Net Rental Income | -$2,646 |
| Net Gain on Sale of Assets | $24,417 |
| Capital Gain Net Income | $24,417 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $766 |
| Total Revenue | $37,720 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $646 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,736 |
| Total operating and administrative expenses | $23,167 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $63,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $430,275 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $430,409 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $498 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $498 |
Grants Awarded
Over the last fiscal year, Kelly Foundation has awarded $40,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GREAT HARBOR YACHT CLUB FOUNDATION PURPOSE: UNRESTRICTED | $5,000 |
PROSTATE CANCER FOUNDATION PURPOSE: UNRESTRICTED | $5,000 |
NEWTON WELLESLEY HOSPITAL PURPOSE: UNRESTRICTED | $30,000 |