Janice S Kelly Memorial Foundation
- Assets
- $2.0m
- Revenue
- $37.4k
- Investments
- $1.9m
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 12/2001
- Data as of
- 12/2023
- EIN
- 65-6369744
Organization Overview
Janice S Kelly Memorial Foundation is located in Sarasota, FL. The organization was established in 2001. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Janice S Kelly Memorial 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 12/2023, Janice S Kelly Memorial Foundation generated $37.4k 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 (6.9%) each year. All expenses for the organization totaled $157.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Janice S Kelly Memorial Foundation has awarded 74 individual grants totaling $849,500. 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 |
|---|---|---|---|
Charles R Baumann CPA Co-Trustee | 4 | $14,750 | |
Wayne F Seitl Pa Co-Trustee | 4 | $14,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,409 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,409 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,605 |
| Total operating and administrative expenses | $69,690 |
| Contributions, gifts, grants paid | $87,500 |
| Total expenses and disbursements | $157,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,014 |
| 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 | $960,654 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,953,582 |
| 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, Janice S Kelly Memorial Foundation has awarded $87,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS OF THE SUN COAST PURPOSE: GENERAL | $5,000 |
COMMUNITY FOUNDATION OF SARASOTA COUNTY PURPOSE: GENERAL | $25,000 |
SARASOTA MEMORIAL HEALTHCARE FOUNDATION PURPOSE: ROCK THE ROOF, RESEARCH SPONSOR | $17,500 |
SUNCOAST BLOOD CENTERS PURPOSE: GENERAL | $10,000 |
SARASOTA MEDICAL PREGNANCY CENTER PURPOSE: GENERAL | $10,000 |
HARVEST HOUSE PURPOSE: GENERAL | $10,000 |