Charles B & Vivian Kelly Charitable Tr
- Assets
- $322.6k
- Revenue
- $31.3k
- Investments
- $318.1k
- Employees
- 0
- Location
- Mason City, IA
- Founding
- 08/2002
- Data as of
- 12/2022
- EIN
- 42-6619852
Organization Overview
Charles B & Vivian Kelly Charitable Tr is located in Mason City, IA. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles B & Vivian Kelly Charitable Tr 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, Charles B & Vivian Kelly Charitable Tr generated $31.3k 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 (4.3%) each year. All expenses for the organization totaled $26.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charles B & Vivian Kelly Charitable Tr has awarded 80 individual grants totaling $162,232. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $55 |
| Dividends & Interest | $6,811 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,482 |
| Capital Gain Net Income | $24,482 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,348 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,949 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $496 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $5,893 |
| Contributions, gifts, grants paid | $21,015 |
| Total expenses and disbursements | $26,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,521 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $322,605 |
| 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, Charles B & Vivian Kelly Charitable Tr has awarded $21,015 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
EASTER SEALS SOCIETY OF IOWA PURPOSE: GENERAL DONATION | $7,005 |
HOSPICE OF NORTH IOWA PURPOSE: GENERAL DONATION | $7,005 |
LILLIAN CASTLEISU PURPOSE: COLLEGE SCHOLARSHIP | $700 |
PAIGE LEININGERNIACC PURPOSE: COLLEGE SCHOLARSHIP | $700 |
JOHN FITZSIMMONSBENEDICTINE COLLEG PURPOSE: COLLEGE SCHOLARSHIP | $700 |
MERRITT MCCARDLEGRANDVIEW UNIV PURPOSE: COLLEGE SCHOLARSHIP | $700 |