Bishop Kelly Foundation Inc
- Assets
- $17.2m
- Revenue
- $5.8m
- Investments
- $15.3m
- Employees
- 0
- Location
- Boise, ID
- Founding
- 11/1977
- Data as of
- 06/2021
- EIN
- 82-0332399
Organization Overview
Bishop Kelly Foundation Inc is located in Boise, ID. The organization was established in 1977. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bishop Kelly Foundation Inc 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 06/2021, Bishop Kelly Foundation Inc generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.3% each year . All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 4.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PRINCIPAL GOAL HAS BEEN TO PROVIDE FUNDING FOR SCHOLARSHIPS, OPERATIONS, AND CAPITAL IMPROVEMENTS THAT WILL KEEP BISHOP KELLY'S STANDARDS AND QUALITY AT THE HIGHEST LEVEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL DISTRIBUTION TO BISHOP KELLY HIGH SCHOOL FOR GENERAL SUPPORT. DISTRIBUTION TO BISHOP KELLY HIGH SCHOOL IS CALCULATED ACCORDING TO BISHOP KELLY FOUNDATION'S BYLAWS.
SCHOLARSHIPS TO BISHOP KELLY STUDENTS.
TWO POST SECONDARY SCHOLARSHIPS FOR $3,700 TO BISHOP KELLY GRADUATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Malvick Executive Director | Trustee | 32 | $60,000 |
Tim Lamott Vice President | Officer | 2 | $0 |
Jeff Lliteras Treasurer | Officer | 2 | $0 |
Nancy Jones Secretary | Officer | 2 | $0 |
Torry Mcalvain President | Officer | 2 | $0 |
Katherine Ball Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,345,336 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,345,336 |
| Total Program Service Revenue | $0 |
| Investment income | $279,669 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,011,672 |
| Net Income from Fundraising Events | $142,993 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,779,670 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $644,674 |
| Grants and other assistance to domestic individuals. | $550,989 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $20,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $4,440 |
| Other employee benefits | $0 |
| Payroll taxes | $4,354 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,991 |
| 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 | $1,471 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,787 |
| All other expenses | $0 |
| Total functional expenses | $1,299,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,084 |
| Savings and temporary cash investments | $949,866 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,347,112 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $734,436 |
| Total assets | $17,212,998 |
| Accounts payable and accrued expenses | $47,803 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $47,803 |
| Net assets without donor restrictions | $12,681,461 |
| Net assets with donor restrictions | $4,483,734 |
| 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 | $17,212,998 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bishop Kelly Foundation Inc has recieved totaling $268,433.
| Awarding Organization | Amount |
|---|---|
Miller Family Foundation Portland, OR PURPOSE: CHARITABLE CONTRIBUTION | $141,683 |
John B And Joan H Carley Foundation Boise, ID PURPOSE: CHARITABLE CONTRIBUTION | $126,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wgu Advancement Salt Lake City, UT | $262,529 | $10,776,481 |
University Of Utah Research Foundation Salt Lake City, UT | $360,749,047 | $26,132,674 |
Idaho State University Foundation Inc Pocatello, ID | $103,380,553 | $14,176,900 |
Choice Regional Health Network Olympia, WA | $24,377,222 | $13,582,793 |
Casper College Foundation Casper, WY | $118,882,238 | $11,522,950 |
Nnh Support Reno, NV | $5,000 | $0 |
Foundation Of Montana State University-Billings Billings, MT | $43,347,395 | $13,750,019 |
Great Basin College Foundation Elko, NV | $13,766,452 | $2,685,144 |
Housing Northwest Inc Portland, OR | $58,641,349 | $5,917,895 |
Seattle Public Library Foundation Seattle, WA | $96,431,810 | $10,213,683 |
Clark Community College District 14 Foundation Vancouver, WA | $121,917,031 | $11,491,033 |
Montana Technological University Foundation Butte, MT | $62,802,705 | $7,987,188 |