Kelly Family Foundation Inc
- Assets
- $23.7m
- Revenue
- $420.6k
- Investments
- $23.0m
- Employees
- 0
- Location
- Needham, MA
- Founding
- 02/2011
- Data as of
- 12/2022
- EIN
- 27-1510984
Organization Overview
Kelly Family Foundation Inc is located in Needham, MA. The organization was established in 2011. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Kelly Family 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, Kelly Family Foundation Inc generated $420.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kelly Family Foundation Inc has awarded 114 individual grants totaling $3,382,860. 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 |
|---|---|---|---|
Sonja Kelly President | 25 | $92,880 | |
Deborah M Kelly Treasurer | 0 | $0 | |
Edmund F Kelly Clerk | 0 | $0 | |
Edmund F Kelly Director | 0 | $0 | |
Deborah M Kelly Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $676 |
| Dividends & Interest | $625,590 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$205,713 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $420,553 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $92,880 |
| Other employee salaries and wages | $24,344 |
| Pension plans, employee benefits | $7,882 |
| Interest | $0 |
| Taxes | $96,190 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46,423 |
| Total operating and administrative expenses | $375,932 |
| Contributions, gifts, grants paid | $835,185 |
| Total expenses and disbursements | $1,211,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $531,474 |
| 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 | $205,904 |
| 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 | $23,710,306 |
| Accounts payable and accrued expenses | $8,450 |
| 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 | $8,450 |
Grants Awarded
Over the last fiscal year, Kelly Family Foundation Inc has awarded $835,185 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGE BOSTON SCHOOL PURPOSE: CHARITABLE CONTRIBUTION UNRESTRICTED | $20,000 |
COMMUNITY SERVINGS PURPOSE: CHARITABLE CONTRIBUTION UNRESTRICTED | $5,000 |
RODMAN FOR KIDS PURPOSE: CHARITABLE CONTRIBUTION UNRESTRICTED | $15,000 |
ARCK PURPOSE: CHARITABLE CONTRIBUTION UNRESTRICTED | $10,000 |
BARNSTABLE CLEAN WATER COALITION PURPOSE: CHARITABLE CONTRIBUTION UNRESTRICTED | $5,000 |
BIG SISTER ASSOCIATION OF GREATER BOSTON PURPOSE: CHARITABLE CONTRIBUTION UNRESTRICTED | $50,000 |