Kelly Foundation
- Assets
- $32.9m
- Revenue
- $20.4m
- Investments
- $23.4m
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 10/1989
- Data as of
- 09/2021
- EIN
- 68-0175739
Organization Overview
Kelly Foundation is located in Sacramento, CA. The organization was established in 1989. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Kelly 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 09/2021, Kelly Foundation generated $20.4m in total revenue. All expenses for the organization totaled $640.8k during the year ending 09/2021. While expenses have increased by 10.6% per year over the past 3 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 2021, Kelly Foundation has awarded 61 individual grants totaling $625,000. 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 |
|---|---|---|---|
Michael Lovington Assistant Controller | 2.5 | $0 | |
Gregory G Kelly Director | 0.15 | $0 | |
Amber Holwell Director | 0.15 | $0 | |
Stephen H Johanson Director | 0.15 | $0 | |
Bea Ann Barbee Assistant Treasurer | 0.5 | $0 | |
Riley Gardner Director | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,271,013 |
| Interest on Savings | $69 |
| Dividends & Interest | $287,574 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $205,863 |
| Capital Gain Net Income | $205,863 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $651,041 |
| Total Revenue | $20,415,560 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $350 |
| Printing and publications | $0 |
| Other expenses | $7,116 |
| Total operating and administrative expenses | $15,844 |
| Contributions, gifts, grants paid | $625,000 |
| Total expenses and disbursements | $640,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,962 |
| Savings and temporary cash investments | $17,771 |
| 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 | $9,427,735 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,147 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $23,424,899 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $32,949,514 |
| 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, Kelly Foundation has awarded $625,000 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY OF GREATER SACRAMENTO PURPOSE: CORNERSTONE DEVELOPMENT - PHASE 1 | $100,000 |
SALVATION ARMY - DEL ORO DIVISION PURPOSE: EMERGENCY GRANT CA WILDFIRES - CALDOR FIRE RELIEF | $50,000 |
REDCROSS OF NORTHERN CA PURPOSE: EMERGENCY GRANT CA WILDFIRES - CALDOR FIRE RELIEF | $50,000 |
YOLO FAMILY POVERY REDUCTION PROGRAM PURPOSE: POVERY REDUCTION PILOT PROGRAM | $25,000 |
MERCY HOUSING CALIFORNIA PURPOSE: GENERAL SUPPORT OF MHC SACRAMENTO RESIDENT SERVICE PROGRAMS IN RESPONSE TO COVID-19 | $15,000 |
EASTER SEALS SUPERIOR CALIFORNIA PURPOSE: PEDIATRIC THERAPY CLINIC EQUIPMENT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sandler Foundation San Francisco, CA | $672,162,748 | $40,866,490 |
Leonard & Beryl Buck Foundation Las Vegas, NV | $1,159,755,958 | $49,528,085 |
Liliuokalani Trust Honolulu, HI | $828,579,677 | $45,937,660 |
Anne Wojcicki Foundation Los Altos, CA | $0 | $168,879,733 |
Hollywood Foreign Press Association West Hollywood, CA | $72,579,265 | $17,312,742 |
Panta Rhea Foundation Inc La Jolla, CA | $7,390,044 | $496,518 |
The Helen Diller Family Foundation San Francisco, CA | $1,836,980 | $8,770,214 |
Stephen M Silberstein Foundation Belvedere, CA | $79,901,221 | $6,376,686 |
Wholesale Beer Distributors Industry Trust Pleasanton, CA | $3,898,810 | $9,106,079 |
Tw Ld Mceachearn Las Vegas, NV | $148,667,574 | $29,051,713 |
Georgia A Lynch Trust Phoenix, AZ | $748,550 | $1,825,283 |
Rea Charitable Trust Las Vegas, NV | $108,024,869 | $14,015,969 |