Mary K And Daniel M Kelly Foundation
- Assets
- $11.0m
- Revenue
- $1.2m
- Investments
- $10.3m
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 11/2006
- Data as of
- 12/2022
- EIN
- 20-1826362
Organization Overview
Mary K And Daniel M Kelly Foundation is located in Des Moines, IA. The organization was established in 2006. 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. Mary K And Daniel M Kelly 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 12/2022, Mary K And Daniel M Kelly Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $684.1k during the year ending 12/2022. While expenses have increased by 16.9% per year over the past 7 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.
Since 2015, Mary K And Daniel M Kelly Foundation has awarded 363 individual grants totaling $2,558,740. 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 |
|---|---|---|---|
Mary K Kelly President | 0.5 | $0 | |
Daniel M Kelly Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $676,351 |
| Interest on Savings | $0 |
| Dividends & Interest | $394,872 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $173,749 |
| Capital Gain Net Income | $173,749 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $201 |
| Total Revenue | $1,245,173 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27,371 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60,839 |
| Total operating and administrative expenses | $90,530 |
| Contributions, gifts, grants paid | $593,550 |
| Total expenses and disbursements | $684,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $649,095 |
| 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 | $1,465,504 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,960,924 |
| 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, Mary K And Daniel M Kelly Foundation has awarded $593,550 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
826LA PURPOSE: GENERAL OPERATIONS | $2,000 |
ASSUMPTION ABBEY PURPOSE: GENERAL OPERATIONS | $3,500 |
CARROLL COLLEGE PURPOSE: GENERAL OPERATIONS | $10,000 |
DES MOINES ART CENTER PURPOSE: GENERAL OPERATIONS | $172,550 |
COLLEGE OF THE HOLY CROSS PURPOSE: GENERAL OPERATIONS | $1,500 |
DES MOINES COMMUNITY PLAYHOUSE PURPOSE: GENERAL OPERATIONS | $1,000 |