Kelly Family Foundation
- Assets
- $0.0
- Revenue
- $16.4k
- Investments
- $356.9k
- Employees
- 0
- Location
- Brownwood, TX
- Founding
- 11/1990
- Data as of
- 08/2019
- EIN
- 75-2298202
Organization Overview
Kelly Family Foundation is located in Brownwood, TX. The organization was established in 1990. 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.
For the year ending 08/2019, Kelly Family Foundation generated $16.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $35.5k during the year ending 08/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN JUNE, THE FOUNDATION RECEIVES APPLICATIONS AND APPROVED 13 SCHOLARSHIPS OF $1,000 EACH AND 2 SCHOLARSHIPS OF $1,500 EACH FOR COLLEGE TUITON FOR BROWNWOOD AREA STUDENTS
THROUGHOUT THE YEAR MADE DONATIONS TO LOCAL CHURCH YOUR GROUPS, LOCAL AREA YOUTH SPORTS ORGANIZATIONS AND OTHER CHARITABLE GROUPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Kelly President | 1 | $0 | |
Stephen Kelly Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19,111 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,392 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $54 |
| Total operating and administrative expenses | $704 |
| Contributions, gifts, grants paid | $34,839 |
| Total expenses and disbursements | $35,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $370 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Kelly Family Foundation has awarded $37,945 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BROWN COUNTY UNITED WAY PURPOSE: CONTRIBUTION-GENERAL FUND | $3,500 |
CASA IN THE HEART OF TEXAS PURPOSE: CONTRIBUTION-GENERAL FUND | $1,000 |
BROWNWOOD SPORTSATHLETICS PURPOSE: CONTRIBUTION-GENERAL FUND | $3,000 |
PROJECT GRADUATION - BHS PURPOSE: CONTRIBUITON-GENERAL FUND | $200 |
HOWARD PAYNE UNIVERSITY PURPOSE: SCHOLARSHIP | $1,000 |
PEARL GRIFFIN LATCH KEY PURPOSE: CONTRIBUTION-GENERAL FUND | $100 |