Edward & Kathleen Kelly Family Foundation
- Assets
- $448.4k
- Revenue
- $18.2k
- Investments
- $399.8k
- Employees
- 0
- Location
- Devon, PA
- Founding
- 11/1999
- Data as of
- 12/2022
- EIN
- 25-6638459
Organization Overview
Edward & Kathleen Kelly Family Foundation is located in Devon, PA. The organization was established in 1999. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Edward & Kathleen 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, Edward & Kathleen Kelly Family Foundation generated $18.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $30.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Edward & Kathleen Kelly Family Foundation has awarded 87 individual grants totaling $207,000. 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 |
|---|---|---|---|
Edward Kelly Director | 0 | $0 | |
Kathleen Kelly Direstor | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $437 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,798 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,779 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,709 |
| Total Revenue | $18,165 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $437 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,840 |
| Total operating and administrative expenses | $6,277 |
| Contributions, gifts, grants paid | $24,000 |
| Total expenses and disbursements | $30,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,618 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $448,376 |
| 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, Edward & Kathleen Kelly Family Foundation has awarded $24,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
APPELBY FOUNDATION INC PURPOSE: CHARITABLE PURPOSES | $1,500 |
ART WELL PURPOSE: CHARITABLE PURPOSES | $500 |
AUTISM SPEAKS PURPOSE: CHARITABLE PURPOSES | $1,500 |
DOBBS FERRY SCHOOL FOUNDATION PURPOSE: CHARITABLE PURPOSES | $1,000 |
LUSTGARTEN FOUNDATION PURPOSE: CHARITABLE PURPOSES | $3,500 |
PARKINSON'S DISEASE FOUNDATION PURPOSE: CHARITABLE PURPOSES | $2,500 |