Kelly Family Foundation
- Assets
- $0.0
- Revenue
- $16.4k
- Investments
- $356.9k
- Employees
- 0
- Location
- Brownwood, TX
- Founding
- 11/1990
- Data as of
- 08/2019
- EIN
- 75-2298202
Organization Overview
Kelly Family Foundation is located in Brownwood, TX. The organization was established in 1990. 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.
For the year ending 08/2019, Kelly Family Foundation generated $16.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $35.5k during the year ending 08/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN JUNE, THE FOUNDATION RECEIVES APPLICATIONS AND APPROVED 13 SCHOLARSHIPS OF $1,000 EACH AND 2 SCHOLARSHIPS OF $1,500 EACH FOR COLLEGE TUITON FOR BROWNWOOD AREA STUDENTS
THROUGHOUT THE YEAR MADE DONATIONS TO LOCAL CHURCH YOUR GROUPS, LOCAL AREA YOUTH SPORTS ORGANIZATIONS AND OTHER CHARITABLE GROUPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Kelly President | 1 | $0 | |
Stephen Kelly Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19,111 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,392 |
| 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 | $54 |
| Total operating and administrative expenses | $704 |
| Contributions, gifts, grants paid | $34,839 |
| Total expenses and disbursements | $35,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $370 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Kelly Family Foundation has awarded $37,945 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL TEXAS VETERANS MEMORIAL PURPOSE: SCHOLARSHIP | $11,000 |
BROWN COUNTY UNITED WAY PURPOSE: CONTRIBUTION-GENERAL FUND | $3,500 |
TEXAS AM UNIVERSITY PURPOSE: SCHOLARSHIP | $3,500 |
BROWNWOOD SPORTSATHLETICS PURPOSE: CONTRIBUTION-GENERAL FUND | $3,000 |
UNIVERSITY OF TEXAS PURPOSE: SCHOLARSHIP | $3,000 |
TEXAS TECH UNIVERSITY PURPOSE: SCHOLARSHIP | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Irene W And C B Pennington Foundation Baton Rouge, LA | $0 | $6,041,681 |
Hamon Charitable Foundation Dallas, TX | $77,984,763 | $10,364,017 |
Alumbra Innovations Foundation Bentonville, AR | $55,483,470 | $25,346,784 |
Biogen Foundation Inc Dallas, TX | $25,561,498 | $3,880,862 |
The Margaret And Al Hill Family Foundation Dallas, TX | $0 | $526,228 |