Nonprofit · EIN 20-2025122
KELLY FAMILY FOUNDATION
Tax-exempt · VERO BEACH, FL 32967
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $504,769 | $363,348 | $141,421 | $4,451,311 | $222 | $4,451,089 |
| December 31, 2023 | 990-PF | $171,059 | $374,949 | -$203,890 | $4,306,806 | $0 | $4,306,806 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $305,000
- Dividends
- $163,744
- Net gain from sales of assets
- $36,025
Expenses
- Grants and similar amounts paid
- $279,889
- Compensation of officers, directors and key employees
- $60,000
- Disbursements for charitable purposes
- $360,775
- Excise tax on investment income
- $2,768
Balance sheet and other
- Total assets, start of year
- $4,306,806
- Total assets, end of year
- $4,451,311
- Total liabilities, end of year
- $222
- Net assets, end of year
- $4,451,089
- Fair market value of assets
- $9,221,733
- Qualifying distributions
- $360,775
- Net investment income
- $199,769
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID M KELLY 4845 RIVER VILLAGE DRIVE, VERO BEACH, FL 32967 | PRESIDENT | 1 | $60,000 |
| ROBERT M KELLY 4845 RIVER VILLAGE DRIVE, VERO BEACH, FL 32967 | OFFICER | 0 | $0 |
| DAVID M KELLY JR 4845 RIVER VILLAGE DRIVE, VERO BEACH, FL 32967 | OFFICER | 0 | $0 |
| SUSAN B KELLY 4845 RIVER VILLAGE DRIVE, VERO BEACH, FL 32967 | DIRECTOR | 0 | $0 |
| MICHELLE B KELLY 4845 RIVER VILLAGE DRIVE, VERO BEACH, FL 32967 | DIRECTOR | 0 | $0 |
| MICHELLE KELLY 4845 RIVER VILLAGE DRIVE, VERO BEACH, FL 32967 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID M KELLY 4845 RIVER VILLAGE DRIVE, VERO BEACH, FL 32967 | PRESIDENT | 0 | $30,000 |
| ROBERT M KELLY 4845 RIVER VILLAGE DRIVE, VERO BEACH, FL 32967 | OFFICER | 0 | $0 |
| DAVID M KELLY JR 4845 RIVER VILLAGE DRIVE, VERO BEACH, FL 32967 | OFFICER | 0 | $0 |
| SUSAN B KELLY 4845 RIVER VILLAGE DRIVE, VERO BEACH, FL 32967 | DIRECTOR | 0 | $0 |
| MICHELLE B KELLY 4845 RIVER VILLAGE DRIVE, VERO BEACH, FL 32967 | DIRECTOR | 0 | $0 |
| MICHELLE KELLY 4845 RIVER VILLAGE DRIVE, VERO BEACH, FL 32967 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 4845 RIVER VILLAGE DR, VERO BEACH, FL 32967-7452
- In care of
- % DAVID M KELLY
- Signed the 990-PF
- DAVID M KELLY, PRESIDENT
- Phone
- (772) 539-9770
- Return prepared by
- KMETZ ELWELL GRAHAM & ASSOC PLLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-2025122
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $4,451,311
- Income (IRS master file)
- $890,896
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $504,769 | $363,348 | $4,451,311 | XML |
| 990-PF | December 2023 | $171,059 | $374,949 | $4,306,806 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2025122).
Questions about KELLY FAMILY FOUNDATION
- What is the EIN of KELLY FAMILY FOUNDATION?
- The employer identification number (EIN) of KELLY FAMILY FOUNDATION is 20-2025122.
- Is KELLY FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to KELLY FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KELLY FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KELLY FAMILY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KELLY FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of KELLY FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $60,000 (DAVID M KELLY, PRESIDENT).
- How much revenue does KELLY FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $504,769, expenses of $363,348 and total assets of $4,451,311 at year end.
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All nonprofits in VERO BEACH · Florida · Philanthropy, voluntarism and grantmaking foundations