Kelsey Research Foundation
- Assets
- $10.1m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 01/2001
- Data as of
- 12/2021
- EIN
- 76-0637670
Organization Overview
Kelsey Research Foundation is located in Houston, TX. The organization was established in 2001. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kelsey Research 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 12/2021, Kelsey Research Foundation generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 2.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KELSEY RESEARCH FOUNDATION WAS FOUNDED IN 1956 FOR THE PURPOSE OF ENCOURAGING AND ASSISTING RESEARCH AND EDUCATION PROGRAMS IN THE FIELD OF MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL RESEARCH AND EDUCATION IN THE FIELD OF MEDICINE
PHARMACEUTICAL SPONSORED STUDIES
CRUMP CANCER CENTER BREAST-CANCER SCREENING, RESEARCH AND EDUCATION
COVID-RELATED DIRECT ASSISTANCE FOR FIRST RESPONDERS AND EMPLOYEES OF KELSEY SEYBOLD CLINIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Alexander Mhsa President An | OfficerTrustee | 40 | $176,002 |
Tara Mcneill Director Of | 40 | $128,402 | |
Herbert L Dupont MD Chief Scient | OfficerTrustee | 20 | $116,816 |
Michael E Newmark MD Medical Dire | OfficerTrustee | 4 | $0 |
Robert Wier Kelsey Vice Chairma | Trustee | 0.25 | $0 |
Ron Millard Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,050,031 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,050,031 |
| Total Program Service Revenue | $847,252 |
| Investment income | $195,565 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $244,587 |
| Net Income from Fundraising Events | $267,834 |
| Net Income from Gaming Activities | $16,076 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,621,345 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,000 |
| Grants and other assistance to domestic individuals. | $30,352 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $292,818 |
| Compensation of current officers, directors, key employees. | $31,680 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,069,650 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $185,112 |
| Payroll taxes | $88,901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $222,643 |
| Advertising and promotion | $24,976 |
| Office expenses | $46,896 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,177 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,090 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,287 |
| Insurance | $7,502 |
| All other expenses | $25,867 |
| Total functional expenses | $2,295,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $690,107 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $497,256 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $50,711 |
| Net Land, buildings, and equipment | $17,244 |
| Investments—publicly traded securities | $8,806,022 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,362 |
| Total assets | $10,072,702 |
| Accounts payable and accrued expenses | $125,753 |
| Grants payable | $0 |
| Deferred revenue | $21,413 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $83,358 |
| Total liabilities | $230,524 |
| Net assets without donor restrictions | $8,113,392 |
| Net assets with donor restrictions | $1,728,786 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,072,702 |
Grants Awarded
Over the last fiscal year, Kelsey Research Foundation has awarded $381,360 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF HOUSTON PURPOSE: PROTECT FIRST RESPON | $113,500 |
CITY OF HOUSTON PURPOSE: PROTECT FIRST RESPON | $113,500 |
HARRIS COUNTY PURPOSE: PROTECT FIRST RESPON | $56,750 |
HARRIS COUNTY PURPOSE: PROTECT FIRST RESPON | $56,750 |
FORT BEND COUNTY PURPOSE: PROTECT FIRST RESPON | $11,350 |
FORT BEND COUNTY PURPOSE: PROTECT FIRST RESPON | $11,350 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kelsey Research Foundation has recieved totaling $1,250.
| Awarding Organization | Amount |
|---|---|
Krips Family Foundation Houston, TX PURPOSE: SUPPORT MEDICAL RESEARCH | $1,250 |
Endowment Analysis
| Beg. Balance | $8,438,386 |
| Earnings | $660,177 |
| Admin Expense | $39,042 |
| Other Expense | $253,499 |
| Ending Balance | $8,806,022 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kelsey Research Foundation Houston, TX | $10,072,702 | $2,621,345 |
San Antonio Cancer Foundation San Antonio, TX | $28,212,911 | $2,248,713 |
Mission Clinical Services Hot Springs, AR | $679,407 | $1,180,610 |
Texas 4000 For Cancer Austin, TX | $778,162 | $1,006,921 |
Triumph Over Kid Cancer Foundation Corpus Christi, TX | $1,064,676 | $789,744 |
Careity Foundation Fort Worth, TX | $2,308,296 | $1,614,148 |
Birds For Sofia Inc Frisco, TX | $0 | $0 |
Burning Limb Foundation Frisco, TX | $234,079 | $770,072 |
Sadie Keller Foundation Argyle, TX | $96,097 | $613,495 |
Cheyanna Foundation For Children Austin, TX | $980,670 | $718,140 |
Knapp Medical Center Foundation Inc Weslaco, TX | $12,401,741 | $1,617,711 |
Golfers Against Cancer Inc Houston, TX | $82,477 | $408,112 |