Kellar Family Foundation
- Assets
- $33.0m
- Revenue
- $829.0k
- Investments
- $32.9m
- Employees
- 0
- Location
- Falls Church, VA
- Founding
- 04/1997
- Data as of
- 02/2023
- EIN
- 52-2026425
Organization Overview
Kellar Family Foundation is located in Falls Church, VA. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Kellar Family 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 02/2023, Kellar Family Foundation generated $829.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $3.0m during the year ending 02/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Kellar President | 1 | $0 | |
J Kellar Box Vice-President | 1 | $0 | |
A Ridgway Secretary | 2 | $18,000 | |
C Box Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $227,325 |
| Dividends & Interest | $656,317 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$94,922 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $40,278 |
| Total Revenue | $828,998 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $24,477 |
| Taxes | $32,715 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $146,267 |
| Total operating and administrative expenses | $498,029 |
| Contributions, gifts, grants paid | $2,510,000 |
| Total expenses and disbursements | $3,008,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $89,959 |
| 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 | $14,848,874 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $32,982,998 |
| 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, Kellar Family Foundation has awarded $2,510,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY CHARITABLE PURPOSE: DONOR ADVISED FUND | $2,500,000 |
VETERANS OF FOREIGN AFFAIRS PURPOSE: CH | $10,000 |