Lillian Marie Kelley Foundation
- Assets
- $818.3k
- Revenue
- $103.1k
- Investments
- $750.5k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 83-1542283
Organization Overview
Lillian Marie Kelley Foundation is located in Wilmington, DE. The organization was established in 2019. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lillian Marie Kelley 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, Lillian Marie Kelley Foundation generated $103.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $45.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian T Humphreys VP | 1 | $0 | |
Lauren K Humphreys Sec | 3 | $0 | |
Thomas K Humphreys Dir, Pres, Treas | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $77,493 |
| Interest on Savings | $6,357 |
| Dividends & Interest | $20,267 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,024 |
| Capital Gain Net Income | $26,228 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,093 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $782 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $115 |
| Printing and publications | $0 |
| Other expenses | $6,446 |
| Total operating and administrative expenses | $12,430 |
| Contributions, gifts, grants paid | $32,550 |
| Total expenses and disbursements | $44,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $67,732 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $818,262 |
| 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, Lillian Marie Kelley Foundation has awarded $32,550 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL PHILANTHROPIC TRUST PURPOSE: LM KELLEY MEMORIAL FOUNDATION | $32,000 |
PAN-MASSACHUSETTS CHALLENGE INC PURPOSE: CHARITABLE EVENT | $400 |
UNIVERSITY OF MASSACHUSETTS AMHERST PURPOSE: WOMEN FOR UMASS STEERING COMMITTEE | $150 |