Dean R And Barbara A Kelsch Foundation
- Assets
- $216.0k
- Revenue
- -$18.7k
- Investments
- $67.1k
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 81-6959909
Organization Overview
Dean R And Barbara A Kelsch Foundation is located in Minneapolis, MN. The organization was established in 2018. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dean R And Barbara A Kelsch Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,696 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$21,372 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$18,676 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,783 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $231 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,000 |
| Total operating and administrative expenses | $6,867 |
| Contributions, gifts, grants paid | $16,000 |
| Total expenses and disbursements | $22,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $148,892 |
| 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 | $1,641 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $215,963 |
| 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, Dean R And Barbara A Kelsch Foundation has awarded $16,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
MOTT PUBLIC LIBRARY PURPOSE: GENERAL | $1,000 |
ST VINCENT'S CATHOLIC CHURCH PURPOSE: GENERAL SUPPORT | $2,000 |
MOTT AMERICAN LEGION POST #71 PURPOSE: GENERAL | $1,000 |
MOTT AMBULANCE SQUAD PURPOSE: GENERAL SUPPORT | $2,000 |
CAMP RECREATION PURPOSE: GENERAL SUPPORT | $1,000 |
MOTT FIRE DEPARTMENT PURPOSE: GENERAL SUPPORT | $2,000 |