Ensign C Markland Kelly Jr Memorial Foundation Inc
- Assets
- $6.4m
- Revenue
- $227.6k
- Investments
- $6.2m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 02/1948
- Data as of
- 12/2022
- EIN
- 52-6033330
Organization Overview
Ensign C Markland Kelly Jr Memorial Foundation Inc is located in Baltimore, MD. The organization was established in 1948. 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. Ensign C Markland Kelly Jr Memorial 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, Ensign C Markland Kelly Jr Memorial Foundation Inc generated $227.6k 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 (16.2%) each year. All expenses for the organization totaled $494.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ensign C Markland Kelly Jr Memorial Foundation Inc has awarded 43 individual grants totaling $909,781. 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 |
|---|---|---|---|
Bowen P Weisheit Jr Treas | 10 | $2,400 | |
Carol W Hunt President | 40 | $92,870 | |
Bowen P Weisheit III VP | 20 | $46,000 | |
Scott Ensor Dir | 5 | $2,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $225,861 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,779 |
| Capital Gain Net Income | $1,779 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $227,640 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $143,670 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,364 |
| Depreciation | $0 |
| Occupancy | $14,643 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $43,567 |
| Total operating and administrative expenses | $228,414 |
| Contributions, gifts, grants paid | $265,910 |
| Total expenses and disbursements | $494,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,936 |
| Savings and temporary cash investments | $104,420 |
| 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 | $240,848 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,355,270 |
| 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, Ensign C Markland Kelly Jr Memorial Foundation Inc has awarded $265,910 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BALTIMORE REGIONAL BURN CENTER PURPOSE: PROGRAM SUPPORT | $2,500 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: PROGRAM SUPPORT | $25,000 |
ENS C MARKLAND KELLY JR TIMONIUM MEMORIAL POST #174 PURPOSE: GRANTS MADE FOR CHARITABLE ACTIVITIES CONDUCTED BY THE POST. THE FOUNDATION MONITORS THE AMOUNTS DISTRIBUTED THROUGH THE POST TO VARIOUS YOUTH, ATHLETIC, AMERICANISM, AND FLAG CHARITIES. | $19,410 |
INDEPENDENT COLLEGE FUND OF MARYLAND PURPOSE: EDUCATIONAL | $5,000 |
GILMAN SCHOOL PURPOSE: EDUCATIONAL | $50,000 |
MARYLAND SCHOOL FOR THE BLIND PURPOSE: PROGRAM SUPPORT | $5,000 |