Kelsey Family Foundation
- Assets
- $1.1m
- Revenue
- $59.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 07/1999
- Data as of
- 12/2021
- EIN
- 95-4738164
Organization Overview
Kelsey Family Foundation is located in Los Angeles, CA. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Kelsey 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 12/2021, Kelsey Family Foundation generated $59.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $95.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Kelsey Family Foundation has awarded 233 individual grants totaling $416,049. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen K Macker V.P. & Operating Director | 2 | $0 | |
Van R Kelsey III V.P. & Operating Director | 2 | $0 | |
Mark R Kelsey President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,724 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,296 |
| Capital Gain Net Income | $51,572 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,715 |
| Total Revenue | $59,735 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $106 |
| Taxes | $34 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,757 |
| Total operating and administrative expenses | $34,813 |
| Contributions, gifts, grants paid | $61,000 |
| Total expenses and disbursements | $95,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,670 |
| 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 | $562,995 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,056,537 |
| 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, Kelsey Family Foundation has awarded $60,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC BIG BROTHERS BIG SISTERS OF LOS ANGELES COUNTY PURPOSE: CHAMPIONS FOR YOUTH VIRTUAL EVENT | $10,000 |
CATHOLIC EDUCATION FOUNDATION OF LOS ANGELES PURPOSE: TUITION FOR STUDENTS | $500 |
CORPUS CHRISTI CHURCH PURPOSE: GENERAL FUND | $2,500 |
DESERT COMMUNITY FOUNDATION PURPOSE: MARRAKESH SCHOLARSHIP FUND | $1,000 |
CORPUS CHRISTI SCHOOL PURPOSE: GENERAL FUND | $500 |
DOCTORS WITHOUT BORDERS PURPOSE: GENERAL FUND | $5,000 |