Kelly - Laustsen Family Foundation
- Assets
- $1.1m
- Revenue
- $252.1k
- Investments
- $751.3k
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 05/2014
- Data as of
- 12/2023
- EIN
- 90-1016482
Organization Overview
Kelly - Laustsen Family Foundation is located in Santa Barbara, CA. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Kelly - Laustsen Family 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, Kelly - Laustsen Family Foundation generated $252.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $72.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kelly - Laustsen Family Foundation has awarded 55 individual grants totaling $404,308. 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 |
|---|---|---|---|
Stafford T Kelly Trustee | 4 | $0 | |
Elaine M Laustsen Trustee | 4 | $0 | |
Rolf B Kelly Trustee | 1 | $0 | |
Alison R Del Duca Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,075 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,411 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $211,594 |
| Capital Gain Net Income | $211,594 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $252,080 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,924 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $775 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $8,874 |
| Contributions, gifts, grants paid | $63,750 |
| Total expenses and disbursements | $72,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $356,668 |
| Savings and temporary cash investments | $0 |
| 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 | $1,107,945 |
| 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, Kelly - Laustsen Family Foundation has awarded $63,750 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO SCHOOL OF MINES SCHOLARSHIP PURPOSE: UNRESTRICTED FOR CHARITABLE EXEMPT PURPOSE | $20,000 |
DUKE UNIVERSITY PURPOSE: UNRESTRICTED FOR CHARITABLE EXEMPT PURPOSE | $12,500 |
GOD'S HIDDEN TREASURES - PRESBYTERIAN FOUNDATION PURPOSE: UNRESTRICTED FOR CHARITABLE EXEMPT PURPOSE | $250 |
FIRST PRESBYTERIAN CHURCH PURPOSE: UNRESTRICTED FOR CHARITABLE EXEMPT PURPOSE | $13,500 |
RENSSELAER POLYTECHNIC INSTITUTE PURPOSE: UNRESTRICTED FOR CHARITABLE EXEMPT PURPOSE | $5,000 |
TEXAS A&M FOUNDATION PURPOSE: UNRESTRICTED FOR CHARITABLE EXEMPT PURPOSE | $7,500 |