Kelsey Trust
- Assets
- $3.6m
- Revenue
- $240.9k
- Investments
- $3.5m
- Employees
- 0
- Location
- Lincoln, MA
- Founding
- 03/1989
- Data as of
- 06/2023
- EIN
- 04-6609917
Organization Overview
Kelsey Trust is located in Lincoln, MA. The organization was established in 1989. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Kelsey Trust 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 06/2023, Kelsey Trust generated $240.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $219.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Kelsey Trust has awarded 96 individual grants totaling $785,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula D Johnson Trustee - As Required | 0 | $0 | |
Stephen P Johnson Trustee - As Required | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $82,107 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $158,834 |
| Capital Gain Net Income | $158,834 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $240,941 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,401 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,185 |
| Total operating and administrative expenses | $31,714 |
| Contributions, gifts, grants paid | $187,500 |
| Total expenses and disbursements | $219,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $112,938 |
| 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 | $3,643,034 |
| 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, Kelsey Trust has awarded $187,500 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
SHELBURNE FARMS PURPOSE: GENERAL SUPPORT | $10,000 |
VERMONT COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $8,500 |
LAKESIDE SCHOOL PURPOSE: GENERAL SUPPORT | $5,000 |
VERMONT PUBLIC RADIO PURPOSE: GENERAL SUPPORT | $5,000 |
INTERVALE CENTER PURPOSE: GENERAL SUPPORT | $5,000 |
HELPING OVERCOME POVERTY'S EFFECTS PURPOSE: GENERAL SUPPORT | $7,500 |