Joseph Kellman Family Foundation
- Assets
- $9.1m
- Revenue
- $247.5k
- Investments
- $2.2m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/2001
- Data as of
- 12/2023
- EIN
- 36-7336206
Organization Overview
Joseph Kellman Family Foundation is located in Chicago, IL. The organization was established in 2001. 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. Joseph Kellman Family 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 12/2023, Joseph Kellman Family Foundation generated $247.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $695.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Joseph Kellman Family Foundation has awarded 24 individual grants totaling $1,535,639. 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 |
|---|---|---|---|
Jack Kellman President | 1 | $0 | |
Troy Ratliff Vice President/secretary | 5 | $60,000 | |
Lorrie Jones Treasurer | 1 | $0 | |
Colette Gillen Board Member | 1 | $0 | |
Kyle Gillen Board Member | 1 | $0 | |
Jake Kellman Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $92,058 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,878 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $117,551 |
| Capital Gain Net Income | $117,551 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $247,487 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $285,639 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $172,608 |
| Total operating and administrative expenses | $563,360 |
| Contributions, gifts, grants paid | $131,793 |
| Total expenses and disbursements | $695,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,969 |
| Savings and temporary cash investments | $7,484 |
| 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 | $2,180,871 |
| Net Land, buildings, and equipment | $6,934,711 |
| Other assets | $0 |
| Total assets | $9,133,035 |
| 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, Joseph Kellman Family Foundation has awarded $131,793 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HYDE PARK SCHOOL OF DANCE PURPOSE: GENERAL CHARITABLE PURPOSE | $10,000 |
KELLMAN CORPORATE COMMUNITY SCHOOLS OF AMERICA PURPOSE: GENERAL CHARITABLE PURPOSE | $121,793 |