Kelly Cares Foundation
- Assets
- $373.3k
- Revenue
- $421.8k
- Investments
- $0.0
- Employees
- 1
- Location
- South Bend, IN
- Founding
- 02/2011
- Data as of
- 12/2021
- EIN
- 26-3591070
Organization Overview
Kelly Cares Foundation is located in South Bend, IN. The organization was established in 2011. 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. Kelly Cares 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 12/2021, Kelly Cares Foundation generated $421.8k 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 (17.5%) each year. All expenses for the organization totaled $227.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Kelly Cares Foundation has awarded 81 individual grants totaling $2,038,655. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE KELLY CARES FOUNDATION STRENGTHENS COMMUNITIES AND INSPIRES HOPE BY INVESTING RESOURCES TO IMPROVE HEALTH & EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KELLY CARES FOUNDATION STRENGTHENS COMMUNITIES AND INSPIRES HOPE BY INVESTING RESOURCES TO IMPROVE HEALTH & EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patti Glascoe Director Of Finance | Officer | 40 | $88,355 |
Francisca Kelly President | OfficerTrustee | 1 | $0 |
Mike Wilcox Advisory Board Member | Officer | 1 | $0 |
Bennett Speyer Advisory Board Member | Officer | 1 | $0 |
Brian Caufield Advisory Board Member | Officer | 1 | $0 |
Brian Kelly Excutive Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $297,394 |
| Related organizations | $0 |
| Government grants | $73,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,126 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $491,620 |
| Total Program Service Revenue | $0 |
| Investment income | $18 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$76,894 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $421,809 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $81,935 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,516 |
| Compensation of current officers, directors, key employees. | $92,516 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $908 |
| Payroll taxes | $6,807 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,251 |
| Fees for services: Accounting | $4,821 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,921 |
| Advertising and promotion | $6,529 |
| Office expenses | $8,604 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,199 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22 |
| Insurance | $3,865 |
| All other expenses | $0 |
| Total functional expenses | $227,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,812 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,100 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2 |
| Investments—publicly traded securities | $175,743 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,602 |
| Other assets | $0 |
| Total assets | $373,259 |
| Accounts payable and accrued expenses | $26,217 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $26,217 |
| Net assets without donor restrictions | $347,042 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $373,259 |
Grants Awarded
Over the last fiscal year, Kelly Cares Foundation has awarded $45,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Long Grove, IL PURPOSE: SUPPORT | $20,000 |
South Bend, IN PURPOSE: SUPPORT | $10,000 |
South Bend, IN PURPOSE: SUPPORT | $5,000 |
Orlando, FL PURPOSE: SUPPORT | $5,000 |
Tucson, AZ PURPOSE: SUPPORT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kelly Cares Foundation has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Wilcox Family Foundation Inc Toledo, OH PURPOSE: GOLF OUTING | $7,500 |
Endowment Analysis
| Beg. Balance | $175,727 |
| Earnings | $16 |
| Ending Balance | $175,743 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert R Mccormick Foundation Chicago, IL | $1,522,880,168 | $43,489,096 |
David F And Margaret T Grohne Family Foundation Western Springs, IL | $161,662,019 | $15,904,271 |
The Burke Foundation Inc Milwaukee, WI | $121,362,007 | $6,169,378 |
Illinois Assistive Technology Program Springfield, IL | $10,127,419 | $6,900,669 |
Crossroads Fund Chicago, IL | $13,233,891 | $8,800,082 |
Vine And Branches Foundation Inc Brookfield, WI | $8,641,827 | $2,521,561 |
Association Of State Floodplain Managers Inc Madison, WI | $3,465,086 | $3,791,524 |
Alan Stone Family Charitable Foundation % Reed Smith LLP - Harry Rosenberg Chicago, IL | $0 | $100,169 |
Peter And Paula Fasseas Foundation Chicago, IL | $50,357,726 | $8,283,085 |
Jefferson City Parks And Recreation Foundation Jefferson City, MO | $842,423 | $291,038 |
Stephenson Family Foundation Schaumburg, IL | $89,371 | $3,480,000 |
Galesburg Community Foundation Galesburg, IL | $41,357,933 | $5,623,656 |