The James B And Eileen M Kelly Foundation Inc
- Assets
- $684.9k
- Revenue
- $40.5k
- Investments
- $634.7k
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 03/1987
- Data as of
- 12/2022
- EIN
- 22-2777470
Organization Overview
The James B And Eileen M Kelly Foundation Inc is located in Traverse City, MI. The organization was established in 1987. 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. James B And Eileen M Kelly Foundation Inc 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, James B And Eileen M Kelly Foundation Inc generated $40.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $100.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, James B And Eileen M Kelly Foundation Inc has awarded 15 individual grants totaling $410,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen M Kelly Pr, Tr, Dir | 0.25 | $0 | |
Stephen R Kelly Vp, Sc, Dir | 0.25 | $0 | |
Michael M Kelly Dir, Tr | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $41,978 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,507 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,471 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $211 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $100,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,251 |
| 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 | $684,907 |
| 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, The James B And Eileen M Kelly Foundation Inc has awarded $100,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ELIZABETH LANE OLIVER CENTER FOR THE ARTS PURPOSE: PROGRAMS FOR THE ADVANCEMENT OF THE ARTS | $20,000 |
BENZIE AREA CHRISTIAN NEIGHBORS PURPOSE: PROGRAMS PROVIDING NEIGHBORS STRUGGLING WITH CRITICAL HUMAN NEEDS | $20,000 |
THE DIOCESE OF GAYLORD PURPOSE: GENERAL PURPOSE | $60,000 |