Brian & Joelle Kelly Family Fdn
- Assets
- $56.4m
- Revenue
- $1.6m
- Investments
- $50.5m
- Employees
- 0
- Location
- Red Bank, NJ
- Founding
- 02/2008
- Data as of
- 12/2021
- EIN
- 26-6139249
Organization Overview
Brian & Joelle Kelly Family Fdn is located in Red Bank, NJ. The organization was established in 2008. 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. Brian & Joelle Kelly Family Fdn 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 12/2021, Brian & Joelle Kelly Family Fdn generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.4%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Brian & Joelle Kelly Family Fdn has awarded 1,143 individual grants totaling $17,705,655. 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 |
|---|---|---|---|
Brian G Kelly Trustee | 12 | $0 | |
Joelle S Kelly Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
J Tuite | 12/30/17 | $81,333 |
Cambridge Associates | 12/30/17 | $59,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,106,239 |
| Interest on Savings | $16,611 |
| Dividends & Interest | $960,888 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$460,531 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,623,207 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $68,500 |
| Pension plans, employee benefits | $0 |
| Interest | $2,846 |
| Taxes | $6,144 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,341 |
| Total operating and administrative expenses | $275,007 |
| Contributions, gifts, grants paid | $2,601,521 |
| Total expenses and disbursements | $2,876,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,822,770 |
| 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 | $51,989 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,333 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,385,447 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $56,384,554 |
| Accounts payable and accrued expenses | $19,317 |
| 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 | $19,317 |
Grants Awarded
Over the last fiscal year, Brian & Joelle Kelly Family Fdn has awarded $2,601,521 in support to 193 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: SUPPORT THIS LEADER IN PATIENT CARE, TEACHING, RESEARCH AND SERVICE TO LOCAL, STATE, NATIONAL AND INTERNATIONAL COMMUNITIES, REGARDLESS OF FINANCIAL ABILITY. | $417,144 |
NEW YORK PRESBYTERIAN PURPOSE: SUPPORT THIS LEADER IN PATIENT CARE, TEACHING, RESEARCH AND SERVICE TO LOCAL, STATE, NATIONAL AND INTERNATIONAL COMMUNITIES, REGARDLESS OF FINANCIAL ABILITY. | $416,667 |
BOSTON COLLEGE PURPOSE: GIFTS TO THE DISCRETIONARY FUND OF THE BIOLOGY DEPARTMENT IMPACT FACULTYS RESEARCH WITHIN THE AREAS OF MOLECULAR CELL BIOLOGY AND GENETICS, CANCER AND CELL CYCLE, NEUROBIOLOGY, DEVELOPMENTAL BIOLOGY, STRUCTURAL AND CELLULAR BIOCHEMISTRY, VECTOR BIOLOGY, INFECTIOUS DISEASE, AND BIOINFORMATICS. IN ADDITION, DONATIONS WILL HELP TO GROW STUDENT RESEARCH, RESEARCH THAT PLAYS A CRITICAL ROLE IN BOTH GRADUATE AND UNDERGRADUATE EDUCATION, BY PROVIDING OPPORTUNITIES TO A VAST MAJORITY OF BIOLOGY MAJORS WHO MIGHT OTHERWISE NOT HAVE THE OPPORTUNITY TO WORK IN A LABORATORY SETTING OR GAIN FURTHER ENRICHMENT BY TRAVELING TO CONFERENCES TO PRESENT THEIR RESEARCH FINDINGS. | $255,035 |
FIDELITY CHARITABLE PURPOSE: FIDELITY CHARITABLE IS A 501(C)(3) PUBLIC CHARITY. WE HELP DONORS MAXIMIZE THEIR GENEROSITY THROUGH OUR DONOR-ADVISED FUND, CALLED THE GIVING ACCOUNT. ESTABLISHED IN 1991, WE ARE THE NATIONS TOP GRANTMAKER, DISTRIBUTING $7.3 BILLION TO CHARITIES IN 2019.THE GIVING ACCOUNT STREAMLINES THE PROCESS OF STRATEGIC GIVING FOR A BROAD RANGE OF DONORS, ALLOWING THEM TO CONTRIBUTE MANY TYPES OF ASSETS AND PLAN THEIR GIVING MORE SYSTEMATICALLY. | $250,000 |
Bronx, NY PURPOSE: FORDHAM UNIVERSITY, THE JESUIT UNIVERSITY OF NEW YORK, IS COMMITTED TO THE DISCOVERY OF WISDOM AND THE TRANSMISSION OF LEARNING, THROUGH RESEARCH AND THROUGH UNDERGRADUATE, GRADUATE AND PROFESSIONAL EDUCATION OF THE HIGHEST QUALITY. GUIDED BY ITS CATHOLIC AND JESUIT TRADITIONS, FORDHAM FOSTERS THE INTELLECTUAL, MORAL AND RELIGIOUS DEVELOPMENT OF ITS STUDENTS AND PREPARES THEM FOR LEADERSHIP IN A GLOBAL SOCIETY. | $200,154 |
New York, NY PURPOSE: TO PROVIDE RESOURCES CRUCIAL TO EVERY FRONT IN THE FIGHT AGAINST CANCER, FROM GROUNDBREAKING RESEARCH TO FIRST-RATE EDUCATION TO THE DESIGN OF INNOVATIVE AND EFFECTIVE NEW THERAPIES. | $102,014 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |