The Kelton Foundation
- Assets
- $0.0
- Revenue
- -$2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/1983
- Data as of
- 12/2023
- EIN
- 52-1268434
Organization Overview
The Kelton Foundation is located in Washington, DC. The organization was established in 1983. 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. Kelton Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Kelton Foundation has awarded 14 individual grants totaling $8,365,624. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GAUGUIN ARTWORKS WERE LOANED TO THE "GAUGUIN: PORTRAITS" EXHIBITION AT THE NATIONAL GALLERY IN LONDON THROUGH JANUARY 26, 2020
BLUE WATER WEB MUSEUM WEBSITE
NOTE: DURING 2020, THE FOUNDATION WAS TRANSITIONING FROM AN OPERATING TO A NON-OPERATING FOUNDATION. MOST OF ITS EFFORTS WERE SPENT IN CONNECTION WITH THE SALES OF ITS VARIOUS COLLECTIONS THROUGH AUCTION HOUSES, ART DEALERS AND PRIVATE SALES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Kelton President/treasurer/director | 4 | $0 | |
Mark Leekley Vice President/secretary/director | 0.5 | $0 | |
Cecil Harrigan ESQ Assistant Secretary | 0.2 | $0 | |
Jessica Kelton Director | 0 | $0 | |
Danielle Kelton Sopko Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,920 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,863,244 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$2,852,324 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $12 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,597 |
| Total operating and administrative expenses | $57,674 |
| Contributions, gifts, grants paid | $646,599 |
| Total expenses and disbursements | $704,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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, The Kelton Foundation has awarded $646,599 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE SKYLANDIA FUND PURPOSE: SUPPORT OF CHARITABLE ACTIVITIES | $559,899 |
GUADALUPE KIDS COME FIRST FOUNDATON PURPOSE: SUPPORT OF CHARITABLE ACTIVITIES | $60,000 |
MARITIME MUSEUM OF SAN DIEGO PURPOSE: SUPPORT OF CHARITABLE ACTIVITIES | $24,200 |
PEABODY ESSEX MUSEUM PURPOSE: SUPPORT OF CHARITABLE ACTIVITIES | $1,500 |
UNIVERSITY OF VIRGINIA PURPOSE: SUPPORT OF CHARITABLE ACTIVITIES | $1,000 |