Kelly Family Foundation Inc
- Assets
- $24.5m
- Revenue
- $2.9m
- Investments
- $23.7m
- Employees
- 0
- Location
- Needham, MA
- Founding
- 02/2011
- Data as of
- 12/2021
- EIN
- 27-1510984
Organization Overview
Kelly Family Foundation Inc is located in Needham, MA. The organization was established in 2011. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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 Family 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 12/2021, Kelly Family Foundation Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 34.5% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kelly Family Foundation Inc has awarded 80 individual grants totaling $2,547,675. 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 |
|---|---|---|---|
Sonja Kelly President | 25 | $86,400 | |
Deborah M Kelly Director | 0 | $0 | |
Edmund F Kelly Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17 |
| Dividends & Interest | $600,885 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,341,778 |
| Capital Gain Net Income | $2,341,778 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,942,680 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $86,400 |
| Other employee salaries and wages | $20,827 |
| Pension plans, employee benefits | $7,658 |
| Interest | $0 |
| Taxes | $28,585 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,189 |
| Total operating and administrative expenses | $279,608 |
| Contributions, gifts, grants paid | $1,192,675 |
| Total expenses and disbursements | $1,472,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2 |
| Savings and temporary cash investments | $679,654 |
| 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 | $160,766 |
| 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 | $24,498,805 |
| Accounts payable and accrued expenses | $4,664 |
| 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 | $4,664 |
Grants Awarded
Over the last fiscal year, Kelly Family Foundation Inc has awarded $1,192,675 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
MASS GENERAL HOSPITAL FOR CHILDREN PURPOSE: CHARITABLE CONTRIBUTION UNRESTRICTED | $280,000 |
CAMP HARBOR VIEW PURPOSE: CHARITABLE CONTRIBUTION UNRESTRICTED | $230,000 |
BOYS & GIRLS CLUB BOSTON PURPOSE: CHARITABLE CONTRIBUTION UNRESTRICTED | $75,000 |
CATHOLIC SCHOOLS FOUNDATION - INNER CITY SCHOLARSHIP FUND PURPOSE: CHARITABLE CONTRIBUTION UNRESTRICTED | $50,000 |
Boston, MA PURPOSE: CHARITABLE CONTRIBUTION UNRESTRICTED | $50,000 |
Boston, MA PURPOSE: CHARITABLE CONTRIBUTION UNRESTRICTED | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |
Sol Goldman Charitable Trust New York, NY | $0 | $3,639,060 |
Schwartz Fam Foundation Tr New York, NY | $15,701,646 | $4,641,500 |
Lyford Cay Foundation Inc Greenwich, CT | $29,953,842 | $2,393,799 |
Wings For Things Foundation Inc Sandy Hook, CT | $31,046,537 | $6,302,092 |