Forest C And Ruth V Kelsey Foundation
- Assets
- $10.6m
- Revenue
- $1.6m
- Investments
- $9.9m
- Employees
- 0
- Location
- Montesano, WA
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 91-2013369
Organization Overview
Forest C And Ruth V Kelsey Foundation is located in Montesano, WA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Forest C And Ruth V Kelsey 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, Forest C And Ruth V Kelsey Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $778.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Forest C And Ruth V Kelsey Foundation has awarded 16 individual grants totaling $4,256,058. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SCHOLARSHIPS TO QUALIFIED STUDENTS
GRANTS AND DONATIONS TO COMMUNITY ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Randich President | 2 | $2,300 | |
Kimberley Lillegard Secy/treasurer | 5 | $1,270 | |
Doug Lewis Trustee | 2 | $1,200 | |
Loni Crass Vice President | 2 | $1,200 | |
Teresa Frafjord Trustee | 2 | $1,200 | |
Mike Hliboki Trustee | 2 | $1,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $346,020 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,214,494 |
| Capital Gain Net Income | $1,214,494 |
| Net ST Capital Gain | $137,128 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,560,514 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,170 |
| Other employee salaries and wages | $5,110 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,002 |
| Depreciation | $0 |
| Occupancy | $14,848 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $114,802 |
| Total operating and administrative expenses | $156,560 |
| Contributions, gifts, grants paid | $622,350 |
| Total expenses and disbursements | $778,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $667,318 |
| 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 | $4,784,280 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,642 |
| Total assets | $10,589,197 |
| Accounts payable and accrued expenses | $275 |
| 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 | $275 |
Grants Awarded
Over the last fiscal year, Forest C And Ruth V Kelsey Foundation has awarded $622,350 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIPS PURPOSE: SCHOLARSHIPS TO QUALIFIED STUDENTS. | $498,350 |
COMMUNITY GRANTS DONATIONS PURPOSE: TO PROMOTE EDUCATION AND OTHER PROGRAMS FOR THE YOUTH IN GRAYS HARBOR. | $124,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bezos Family Foundation Seattle, WA | $130,746,152 | $60,417,966 |
Holland M Ware Charitable Foundation Eagle, ID | $219,618,856 | $24,900,954 |
Raikes Foundation Seattle, WA | $117,221,519 | $16,360,598 |
Aldarra Foundation Seattle, WA | $1,907,346 | $20,570,824 |
James F And Marion L Miller Foundation Portland, OR | $164,280,841 | $30,090,803 |
Gary E Milgard Family Foundation-Cari Tacoma, WA | $114,220,911 | $3,602,287 |
Samis Foundation Seattle, WA | $93,922,239 | $13,751,752 |
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
The Russell Family Foundation Gig Harbor, WA | $102,077,149 | $6,093,203 |
Mckenzie River Gathering Foundation Portland, OR | $17,520,565 | $8,839,824 |
Gary E Milgard Family Foundation - Mark Tacoma, WA | $117,467,534 | $7,345,386 |
The Sarkowsky Family Charitable Foundation Seattle, WA | $565,957 | $3,012,734 |