Denise And Michael Kellen Foundation Inc
- Assets
- $0.0
- Revenue
- $2.6m
- Investments
- $40.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-3440549
Organization Overview
Denise And Michael Kellen Foundation Inc is located in New York, NY. The organization was established in 2015. 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. Denise And Michael Kellen 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, Denise And Michael Kellen Foundation Inc generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (35.9%) each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Denise And Michael Kellen Foundation Inc has awarded 51 individual grants totaling $21,482,000. 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 Kellen President/treasurer | 0.1 | $0 | |
Denise T Kellen Vice-President | 0.1 | $0 | |
Caroline Kellen Director | 0.1 | $0 | |
Christopher Kellen Director | 0.1 | $0 | |
Tracy Tucker-Knox Director | 0.1 | $0 | |
Maria Szabo-Goessler Secretary | 0.1 | $26,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $540,631 |
| Profit on Inventory Sales | $0 |
| Other Income | $225,339 |
| Total Revenue | $2,579,968 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $153,557 |
| Contributions, gifts, grants paid | $4,227,500 |
| Total expenses and disbursements | $4,381,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,426 |
| Investments—mortgage loans | $0 |
| Investments—other | $40,223,901 |
| Other assets | $11,743,500 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Denise And Michael Kellen Foundation Inc has awarded $5,324,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ACT OF CONNECTICUT PURPOSE: GENERAL FUND | $250,000 |
CHAPEL & YORK FOUNDATION PURPOSE: GENERAL FUND | $127,500 |
ROCKEFELLER UNIVERSITY PURPOSE: GENERAL FUND | $100,000 |
VASSAR BROTHERS HOSPITAL PURPOSE: GENERAL FUND | $500,000 |
MELANOMA RESEARCH ALLIANCE FOUNDATION PURPOSE: GENERAL FUND | $350,000 |
WEILL MEDICAL COLLEGE PURPOSE: GENERAL FUND | $100,000 |