Kully Family Foundation
- Assets
- $7.4m
- Revenue
- $278.9k
- Investments
- $7.1m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 10/2012
- Data as of
- 12/2023
- EIN
- 45-4027161
Organization Overview
Kully Family Foundation is located in Wilmington, DE. The organization was established in 2012. 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. Kully 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, Kully Family Foundation generated $278.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $491.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Kully Family Foundation has awarded 49 individual grants totaling $5,617,439. 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 |
|---|---|---|---|
Deborah G Kully Sec, Dir | 1 | $0 | |
Jonathan Kully Pres, Dir, Treas | 1 | $0 | |
Sandra Kully Dir, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19,223 |
| Dividends & Interest | $231,928 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,659 |
| Capital Gain Net Income | $27,659 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $84 |
| Total Revenue | $278,894 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,465 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,529 |
| Total operating and administrative expenses | $78,252 |
| Contributions, gifts, grants paid | $412,939 |
| Total expenses and disbursements | $491,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $245,861 |
| 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 | $7,394,409 |
| 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, Kully Family Foundation has awarded $412,939 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BELMONT DAY SCHOOL INC PURPOSE: SCHOLARSHIP FUND | $5,000 |
CHALLENGED ATHLETES INC PURPOSE: 2023 HEROES, HEART & HOPE GALA COURAGE SPONSORSHIP | $10,000 |
FRIENDS OF HUDSON RIVER PARK INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
FRIENDS OF THE CHILDREN-BOSTON INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
GO PROJECT INC PURPOSE: CHARITABLE EVENT | $10,000 |
GO PROJECT INC PURPOSE: ANNUAL FUND | $6,939 |