Kelly Family Foundation
- Assets
- $4.5m
- Revenue
- $202.9k
- Investments
- $3.7m
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 03/2005
- Data as of
- 12/2022
- EIN
- 20-2025122
Organization Overview
Kelly Family Foundation is located in Vero Beach, FL. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 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 12/2022, Kelly Family Foundation generated $202.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $426.5k during the year ending 12/2022. While expenses have increased by 7.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kelly Family Foundation has awarded 207 individual grants totaling $1,360,364. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES CHARITABLE CONTRIBUTIONS TO 501(C)(3) ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Kelly President | 0 | $47,000 | |
Robert M Kelly Officer | 0 | $0 | |
David M Kelly Jr Officer | 0 | $0 | |
Susan B Kelly Director | 0 | $0 | |
Michelle B Kelly Director | 0 | $0 | |
Michelle Kelly Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $193 |
| Dividends & Interest | $137,358 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,392 |
| Capital Gain Net Income | $65,392 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $202,943 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $47,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,010 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $29,633 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $83,153 |
| Contributions, gifts, grants paid | $343,356 |
| Total expenses and disbursements | $426,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $762,115 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,507,274 |
| 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, Kelly Family Foundation has awarded $343,356 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE TO PROTECT NANTUCKER SOUN PURPOSE: COMMUNITY SERVICE | $10,000 |
BARNSTABLE CWC PURPOSE: NATURE | $2,000 |
BETH ISRAEL DEACONESS PLYMOUTH PURPOSE: HEALTH CARE | $100,000 |
BOSTON COLLEGE PURPOSE: EDUCATION | $10,000 |
BOSTON COLLEGE HIGH SCHOOL PURPOSE: EDUCATION | $50,000 |
BOSTON COLLEGE TWIN CS PROGRAM PURPOSE: EDUCATION | $10,000 |