Estelle J Kelsey Foundation
- Assets
- $17.4m
- Revenue
- $1.9m
- Investments
- $16.5m
- Employees
- 0
- Location
- Reno, NV
- Founding
- 11/2013
- Data as of
- 12/2022
- EIN
- 46-3362061
Organization Overview
Estelle J Kelsey Foundation is located in Reno, NV. The organization was established in 2013. 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. Estelle J Kelsey 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 12/2022, Estelle J Kelsey Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 8.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Estelle J Kelsey Foundation has awarded 148 individual grants totaling $5,536,010. 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 |
|---|---|---|---|
Donald Bernard Sr Trustee/chairman/president | 20 | $65,000 | |
Carolyn Bernard Trustee/secretary/treasure | 4 | $40,000 | |
Donald Bernard II Trustee | 1 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $33 |
| Dividends & Interest | $348,171 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,550,559 |
| Capital Gain Net Income | $1,550,559 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,898,763 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $46,809 |
| Depreciation | $3,237 |
| Occupancy | $9,165 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,367 |
| Total operating and administrative expenses | $187,028 |
| Contributions, gifts, grants paid | $1,300,200 |
| Total expenses and disbursements | $1,487,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,947 |
| Savings and temporary cash investments | $397,576 |
| 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 | $144,485 |
| Other assets | $0 |
| Total assets | $17,430,762 |
| 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, Estelle J Kelsey Foundation has awarded $1,300,200 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ARTOWN PURPOSE: ARTS | $10,000 |
BOYS AND GIRLS CLUB (MASON VALLEY) PURPOSE: YOUTH PROGRAMS | $15,000 |
ASSISTANCE LEAGUE OF RENO SPARKS PURPOSE: OPERATION SCHOOL BELL | $20,000 |
BOYS AND GIRLS CLUB OF TRUCKEE MEADOWS PURPOSE: EARLY LEARNING CENTER; PURCHASE OF BUS FOR TRANSPORTING YOUTH; HEALTH EDUCATION | $245,000 |
BOYS AND GIRLS CLUB OF WESTERN NEVADA PURPOSE: LEARNING CENTER | $20,000 |
CATHOLIC CHARITIES PURPOSE: DISADVANTAGED FAMILIES | $10,000 |