Kelly Foundation
- Assets
- $32.8m
- Revenue
- $2.8m
- Investments
- $21.2m
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 10/1989
- Data as of
- 09/2023
- EIN
- 68-0175739
Organization Overview
Kelly Foundation is located in Sacramento, CA. The organization was established in 1989. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. 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 09/2023, Kelly Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 46.4% each year . All expenses for the organization totaled $1.9m during the year ending 09/2023. While expenses have increased by 40.8% per year over the past 4 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.
Since 2021, Kelly Foundation has awarded 193 individual grants totaling $3,312,450. 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 |
|---|---|---|---|
Shawn L Devlin President | 1 | $0 | |
Scott G Nichols Treasurer | 1.5 | $0 | |
Bea Ann Barbee Assistant Treasurer | 1.5 | $4,693 | |
Kathy Bimson Secretary | 3 | $0 | |
Gregory G Kelly Director | 0.15 | $0 | |
Max Kelly Director | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $452,382 |
| Interest on Savings | $0 |
| Dividends & Interest | $438,796 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $646,706 |
| Capital Gain Net Income | $646,706 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,307,839 |
| Total Revenue | $2,845,723 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,693 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,858 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,745 |
| Printing and publications | $0 |
| Other expenses | $22,799 |
| Total operating and administrative expenses | $102,564 |
| Contributions, gifts, grants paid | $1,840,350 |
| Total expenses and disbursements | $1,942,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $614,535 |
| 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 | $11,021,696 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $21,173,121 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $39,314 |
| Total assets | $32,848,666 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $15,100 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,100 |
Grants Awarded
Over the last fiscal year, Kelly Foundation has awarded $1,840,350 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
3STRANDS GLOBAL PURPOSE: EMPLOY + EMPOWER | $10,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: 2023 WALK TO END ALZHEIMER'S | $10,000 |
ALAMEDA COUNTY COMMUNITY FOOD BANK PURPOSE: EMERGENCY FOOD DISTRIBUTION | $10,000 |
AMERICAN RED CROSS PURPOSE: HOME FIRE CAMPAIGN: FINANCIAL ASSISTANCE | $215,000 |
CASA EL DORADO PURPOSE: ADVOCATING FOR CHILDREN IN EL DORADO COUNTY FOSTER CARE | $5,000 |
CANINE COMPANIONS PURPOSE: PROGRAM SUPPORT IN SACRAMENTO | $10,000 |