William & Ruth Kelly Family Foundation
- Assets
- $1.1m
- Revenue
- $52.0k
- Investments
- $979.7k
- Employees
- 0
- Location
- Medina, OH
- Founding
- 02/2003
- Data as of
- 12/2023
- EIN
- 06-1661997
Organization Overview
William & Ruth Kelly Family Foundation is located in Medina, OH. The organization was established in 2003. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. William & Ruth Kelly Family 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 12/2023, William & Ruth Kelly Family Foundation generated $52.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $66.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, William & Ruth Kelly Family Foundation has awarded 62 individual grants totaling $255,580. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert W Kelly President | 0 | $0 | |
Raymond C Kelly Secretary | 0 | $0 | |
James C Kelly Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,512 |
| Dividends & Interest | $29,709 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,746 |
| Capital Gain Net Income | $20,746 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,967 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $900 |
| Total operating and administrative expenses | $1,100 |
| Contributions, gifts, grants paid | $65,810 |
| Total expenses and disbursements | $66,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $96,533 |
| 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 | $850,454 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,076,243 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, William & Ruth Kelly Family Foundation has awarded $65,810 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BERKSHIRE LOCAL SCHOOL PURPOSE: THOMPSON STUDENT SCHOLARSHIPS | $2,000 |
WESTERN RESERVE PBS PURPOSE: GENERAL OPERATIONS | $60 |
THE SUMMA HEALTH FOUNDATION PURPOSE: GENERAL OPERATIONS | $20,000 |
HOSPICE OF MEDINA COUNTY PURPOSE: GENERAL OPERATIONS | $1,000 |
SPECIAL OLYMPICS OHIO INC PURPOSE: GENERAL OPERATIONS | $450 |
GRANGER UNITED METHODIST CHURCH PURPOSE: FUND 317069 PANCREATIC CANCER FUND | $10,000 |