Brian & Joelle Kelly Family Fdn
- Assets
- $51.9m
- Revenue
- $2.6m
- Investments
- $51.1m
- Employees
- 0
- Location
- Red Bank, NJ
- Founding
- 02/2008
- Data as of
- 12/2022
- EIN
- 26-6139249
Organization Overview
Brian & Joelle Kelly Family Fdn is located in Red Bank, NJ. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Brian & Joelle Kelly Family Fdn 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, Brian & Joelle Kelly Family Fdn generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Brian & Joelle Kelly Family Fdn has awarded 1,367 individual grants totaling $20,352,718. 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 |
|---|---|---|---|
Brian G Kelly Trustee | 12 | $0 | |
Joelle S Kelly Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 12/30/17 | $59,250 |
J Tuite | 12/30/17 | $81,333 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,199,666 |
| Interest on Savings | $41,418 |
| Dividends & Interest | $1,051,942 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $261,462 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,554,488 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $81,250 |
| Pension plans, employee benefits | $0 |
| Interest | $3,096 |
| Taxes | $3,610 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,484 |
| Total operating and administrative expenses | $261,108 |
| Contributions, gifts, grants paid | $2,647,063 |
| Total expenses and disbursements | $2,908,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $787,930 |
| 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 | $14,333 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,958,492 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $51,920,166 |
| Accounts payable and accrued expenses | $51,941 |
| 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 | $51,941 |
Grants Awarded
Over the last fiscal year, Brian & Joelle Kelly Family Fdn has awarded $2,647,063 in support to 224 organizations.
| Grant Recipient | Amount |
|---|---|
HERITAGE ACTION FOR AMERICA PURPOSE: WORKING TO MAKE YOUR VOICE HEARD IN WASHINGTON, DC, USING YOUR DONATIONS FOR EDUCATIONAL EXPENDITURES. | $50,000 |
IMMACULATE CONCEPTION CHURCH PURPOSE: CHURCH OF THE IMMACULATE CONCEPTION OF THE BLESSED VIRGIN MARY IS A ROMAN CATHOLIC PARISH CHURCH UNDER THE AUTHORITY OF THE ROMAN CATHOLIC ARCHDIOCESE OF NEW YORK, | $100 |
CHURCH OF ST IGNATIUS PURPOSE: OPERATING WITHIN THE FRAMEWORK OF IGNATIAN SPIRITUALITY AND THE JESUIT TRADITION, WE SEEK SHARED MINISTRY AS A TRUE COMMUNITY OF DISCIPLES, GATHERED IN PRAYER AND WORSHIP, SHARING THE UNIVERSAL CHURCHS MISSION OF EVANGELIZATION AND SERVICE TO CONDUCT AND ADDRESS SOCIAL AND HEALTH ACTIVITIES/ISSUES IN THE COMMUNITY. | $128,000 |
FRANCISCAN MISSION ASSOCIATES PURPOSE: PROMOTES INFORMATION ABOUT AND INTEREST IN THE MISSIONARIES AND THEIR PEOPLE - PARTICULARLY IN THE FRANCISCAN MISSIONS OF CENTRAL AMERICA, BUT ALSO IN THE INNER CITIES OF THE UNITED STATES AND CANADA AS WELL AS EVERY CONTINENT IN THE WORLD. OUR MISSION IS: EXCELLENCE IN THE PROVISION OF HEALTHCARE ... THEIR FAMILY MEMBERS, NURSING ASSOCIATES, HOSPITAL ASSOCIATES. | $100 |
MARINE SGT EDDIE RYAN PURPOSE: TO HELP, AID AND SUPPORT WOUNDED MARINE SGT. EDDIE RYAN WITH THE TASK OF GETTING HIM BACK ON HIS FEET. | $15,000 |
ST IGNATIUS LOYOLA DAY NURSERY PURPOSE: THE DAY NURSERY OFFERS A CHALLENGING PRESCHOOL PROGRAM THAT FOCUSES ON EACH CHILDS UNIQUENESS AND THEIR SOCIAL, EMOTIONAL AND COGNITIVE GROWTH. | $100 |