Kelley Foundation Inc
- Assets
- $1.8m
- Revenue
- $879.2k
- Investments
- $928.6k
- Employees
- 0
- Location
- Mocksville, NC
- Founding
- 01/2008
- Data as of
- 12/2023
- EIN
- 26-1470777
Organization Overview
Kelley Foundation Inc is located in Mocksville, NC. The organization was established in 2008. 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. Kelley Foundation Inc 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, Kelley Foundation Inc generated $879.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 51.9% each year . All expenses for the organization totaled $41.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Kelley Foundation Inc has awarded 22 individual grants totaling $173,777. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynne Stapleton Kelley President | 0 | $0 | |
Philip D Kelley Jr Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $700,000 |
| Interest on Savings | $9,136 |
| Dividends & Interest | $10,219 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $159,853 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $879,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,447 |
| Total operating and administrative expenses | $5,697 |
| Contributions, gifts, grants paid | $36,100 |
| Total expenses and disbursements | $41,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,929 |
| 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 | $170,697 |
| Net Land, buildings, and equipment | $722,818 |
| Other assets | $0 |
| Total assets | $1,844,344 |
| 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, Kelley Foundation Inc has awarded $36,100 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GREEN MEADOWS BAPTIST CHURCH PURPOSE: GENERAL OPERATIONS | $13,000 |
THE PREGNANCY NETWORK PURPOSE: GENERAL OPERATIONS | $600 |
YOUNG LIFE PURPOSE: GENERAL OPERATIONS | $16,000 |
NEW HOPE PRESBYTERIAN PURPOSE: GENERAL OPERATIONS | $1,500 |
PRIORITY ONE FOUNDATION PURPOSE: GENERAL OPERATIONS | $2,000 |
PRINTING INDUSTRY OF THE CAROLINAS PURPOSE: GENERAL OPERATIONS | $3,000 |