Kenneth O Melby Family Foundation
- Assets
- $1.2m
- Revenue
- $57.2k
- Investments
- $1.1m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 08/1994
- Data as of
- 12/2022
- EIN
- 87-0517013
Organization Overview
Kenneth O Melby Family Foundation is located in Salt Lake City, UT. The organization was established in 1994. 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. Kenneth O Melby Family 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 12/2022, Kenneth O Melby Family Foundation generated $57.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $80.3k during the year ending 12/2022. While expenses have increased by 6.1% per year over the past 5 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 2018, Kenneth O Melby Family Foundation has awarded 139 individual grants totaling $247,062. 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.
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth O Melby II President | 0.1 | $0 | |
Jason W Melby Vice President | 0.1 | $0 | |
Michael J Melby Secretary | 0.1 | $0 | |
Karen Teerlink Treasurer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,414 |
| Dividends & Interest | $24,907 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,832 |
| Capital Gain Net Income | $23,832 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,153 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $223 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,200 |
| Total operating and administrative expenses | $20,281 |
| Contributions, gifts, grants paid | $60,027 |
| Total expenses and disbursements | $80,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,435 |
| Savings and temporary cash investments | $141,856 |
| 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 | $1,600 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,222,277 |
| 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, Kenneth O Melby Family Foundation has awarded $60,027 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
SALT LAKE EDUCATION FOUNDATION PURPOSE: CHARITABLE | $1,000 |
REDWOOD ELEMENTARY SCHOOL PURPOSE: CHARITABLE | $1,000 |
MALIHEH FREE CLINIC PURPOSE: CHARITABLE | $3,000 |
UTAH FOOD BANK PURPOSE: CHARITABLE | $7,000 |
PRIMARY CHILDREN'S MEDICAL CENTER F PURPOSE: CHARITABLE | $2,000 |
THE WATERFORD SCHOOL PURPOSE: CHARITABLE | $4,000 |