Donald P And Byrd M Kelly Foundation
- Assets
- $6.4m
- Revenue
- $860.4k
- Investments
- $5.4m
- Employees
- 0
- Location
- Oak Brook, IL
- Founding
- 01/1987
- Data as of
- 06/2023
- EIN
- 36-3444536
Organization Overview
Donald P And Byrd M Kelly Foundation is located in Oak Brook, IL. The organization was established in 1987. 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. Donald P And Byrd M Kelly 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 06/2023, Donald P And Byrd M Kelly Foundation generated $860.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $173.0k during the year ending 06/2023. While expenses have increased by 1.2% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura K Smith President/treasurer/p.t | 0 | $0 | |
Thomas N Kelly Vice President/secretary/p.t. | 0 | $0 | |
Patrick J Kelly Vice President/part Time | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $211,764 |
| Net Rental Income | $17,352 |
| Net Gain on Sale of Assets | $625,336 |
| Capital Gain Net Income | $702,652 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,272 |
| Total Revenue | $860,361 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45,956 |
| Total operating and administrative expenses | $90,257 |
| Contributions, gifts, grants paid | $82,716 |
| Total expenses and disbursements | $172,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,121 |
| Savings and temporary cash investments | $164,823 |
| 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 | $848,045 |
| Investments—mortgage loans | $0 |
| Investments—other | $469,357 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,419,364 |
| Accounts payable and accrued expenses | $450 |
| 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 | $450 |
Grants Awarded
Over the last fiscal year, Donald P And Byrd M Kelly Foundation has awarded $82,716 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED STATEMENT PURPOSE: CHARITABLE | $56,891 |
SEE ATTACHED STATEMENT PURPOSE: CHARITABLE | $25,825 |