Margaret Kelly Fund

Organization Overview

Margaret Kelly Fund is located in Englewood, NJ. The organization was established in 1997. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Margaret Kelly Fund 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 12/2020, Margaret Kelly Fund generated $23.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $10.2k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (23.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Margaret Kelly Fund has awarded 24 individual grants totaling $250,531. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2020

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORTS CHARITABLE ORGANIZATIONS THAT ARE ORGANIZED FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, OR EDUCATIONAL PURPOSES OR FOR THE PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS. SEE PART XV


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Board, Officers & Key Employees

Name (title)Compensation
Margaret Kelly
Trustee
$0
Susan Panian
Trustee
$0
Mariann Kelly
Trustee
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $9,838
Net Rental Income$0
Net Gain on Sale of Assets $13,586
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $23,424

Grants Awarded

Over the last fiscal year, Margaret Kelly Fund has awarded $106,000 in support to 2 organizations.

Grant RecipientAmount

REYNOLDS CENTER TLC

PURPOSE: IMPROVING TEACHING & LEARNING

$105,000

WOODS FUND

PURPOSE: SUPPORTS COMMUNITIES TO FIGHT RACISM

$1,000
View Grant Profile

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