Robert Mclean & Jennifer & Edward Kelly Foundation 07222009
- Assets
- $15.3m
- Revenue
- $13.0m
- Investments
- $9.1m
- Employees
- 0
- Location
- Holicong, PA
- Founding
- 03/2010
- Data as of
- 12/2023
- EIN
- 35-6819324
Organization Overview
Robert Mclean & Jennifer & Edward Kelly Foundation 07222009 is located in Holicong, PA. The organization was established in 2010. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert Mclean & Jennifer & Edward Kelly Foundation 07222009 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, Robert Mclean & Jennifer & Edward Kelly Foundation 07222009 generated $13.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 49.7% each year . All expenses for the organization totaled $336.0k during the year ending 12/2023. While expenses have increased by 26.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Robert Mclean & Jennifer & Edward Kelly Foundation 07222009 has awarded 18 individual grants totaling $937,800. 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 |
|---|---|---|---|
Michael M Kelly Trustee | 10 | $0 | |
Joseph A O'connor Trustee | 4 | $44,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,507,353 |
| Interest on Savings | $0 |
| Dividends & Interest | $492,556 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,591 |
| Capital Gain Net Income | $19,591 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,019,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $44,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,438 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,569 |
| Printing and publications | $3,034 |
| Other expenses | $50,800 |
| Total operating and administrative expenses | $135,513 |
| Contributions, gifts, grants paid | $200,500 |
| Total expenses and disbursements | $336,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,810 |
| Savings and temporary cash investments | $6,161,368 |
| 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 | $1,275,021 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,275,217 |
| 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, Robert Mclean & Jennifer & Edward Kelly Foundation 07222009 has awarded $200,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BUCKINGHAM FRIENDS SCHOOL PURPOSE: BUILDING CAMPAIGN | $100,000 |
DEVON HORSESHOW FOUNDATION PURPOSE: MAINTENANCE | $500 |
THE HILL SCHOOL PURPOSE: BUILDING CAMPAIGN | $50,000 |
CHICAGO COMMUNITY FOUNDATION PURPOSE: BUILDING FUND | $50,000 |