Kelsey Research Foundation
- Assets
- $9.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 76-0637670
Organization Overview
Kelsey Research Foundation is located in Houston, TX. The organization was established in 2001. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kelsey Research 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 12/2022, Kelsey Research Foundation generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
KELSEY RESEARCH FOUNDATION WAS FOUNDED IN 1956 FOR THE PURPOSE OF ENCOURAGING AND ASSISTING RESEARCH AND EDUCATION PROGRAMS IN THE FIELD OF MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL RESEARCH AND EDUCATION IN THE FIELD OF MEDICINE
PHARMACEUTICAL SPONSORED STUDIES
CRUMP CANCER BREAST-CANCER SCREENING, RESEARCH AND EDUCATION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Alexander Mhsa President An | OfficerTrustee | 50 | $182,264 |
Herbert L Dupont MD Chief Scient | OfficerTrustee | 20 | $132,474 |
Michael E Newmark MD Medical Dire | OfficerTrustee | 4 | $0 |
Tara Mcneill Director Of | 40 | $139,386 | |
John Valenta Director Of | 40 | $111,505 | |
Spencer Berthelsen MD Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $125,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,191,263 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,316,263 |
| Total Program Service Revenue | $1,161,560 |
| Investment income | $281,978 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $36,072 |
| Net Income from Gaming Activities | $15,375 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,811,248 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $314,738 |
| Compensation of current officers, directors, key employees. | $32,808 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,155,906 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $177,740 |
| Payroll taxes | $93,797 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $227,817 |
| Advertising and promotion | $11,469 |
| Office expenses | $70,878 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,024 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,504 |
| Insurance | $17,298 |
| All other expenses | $55,715 |
| Total functional expenses | $2,419,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $953,658 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $590,924 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,357 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,800 |
| Net Land, buildings, and equipment | $397,794 |
| Investments—publicly traded securities | $7,729,190 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,807 |
| Total assets | $9,706,530 |
| Accounts payable and accrued expenses | $166,090 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $379,061 |
| Other liabilities | $72,235 |
| Total liabilities | $617,386 |
| Net assets without donor restrictions | $7,562,299 |
| Net assets with donor restrictions | $1,526,845 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,706,530 |
Grants Awarded
Over the last fiscal year, Kelsey Research Foundation has awarded $190,680 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF HOUSTON PURPOSE: PROTECT FIRST RESPON | $113,500 |
CITY OF PASADENA PURPOSE: PROTECT FIRST RESPON | $9,080 |
HARRIS COUNTY PURPOSE: PROTECT FIRST RESPON | $56,750 |
FORT BEND COUNTY PURPOSE: PROTECT FIRST RESPON | $11,350 |