Nonprofit · EIN 26-1470777
KELLEY FOUNDATION INC
Tax-exempt · MOCKSVILLE, NC 27028
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $191,526 | $50,159 | $141,367 | $1,985,196 | $0 | $1,985,196 |
| December 31, 2023 | 990-PF | $879,208 | $41,797 | $837,411 | $1,844,344 | $0 | $1,844,344 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $140,000
- Dividends
- $11,424
- Interest
- $39,493
- Net gain from sales of assets
- $609
Expenses
- Grants and similar amounts paid
- $36,050
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $36,050
- Excise tax on investment income
- $462
Balance sheet and other
- Total assets, start of year
- $1,844,344
- Total assets, end of year
- $1,985,196
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,985,196
- Fair market value of assets
- $2,052,319
- Qualifying distributions
- $36,050
- Net investment income
- $47,332
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 |
|---|---|---|---|
| LYNNE STAPLETON KELLEY 481 BING CROSBY BOULEVARD, ADVANCE, NC 27006 | PRESIDENT | 2 | $0 |
| PHILIP D KELLEY JR 481 BING CROSBY BOULEVARD, ADVANCE, NC 27006 | TREASURER | 2 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LYNNE STAPLETON KELLEY 481 BING CROSBY BOULEVARD, ADVANCE, NC 27006 | PRESIDENT | 0 | $0 |
| PHILIP D KELLEY JR 481 BING CROSBY BOULEVARD, ADVANCE, NC 27006 | TREASURER | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 498 PINEVILLE RD, MOCKSVILLE, NC 27028-6242
- In care of
- % PHILIP D KELLY JR
- Signed the 990-PF
- LYNNE KELLEY, PRESIDENT
- Phone
- (336) 971-8141
- Return prepared by
- AVIOR TAX
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
- 26-1470777
- 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
- 2008
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $1,985,196
- Income (IRS master file)
- $376,645
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $191,526 | $50,159 | $1,985,196 | XML |
| 990-PF | December 2023 | $879,208 | $41,797 | $1,844,344 | 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 26-1470777).
Questions about KELLEY FOUNDATION INC
- What is the EIN of KELLEY FOUNDATION INC?
- The employer identification number (EIN) of KELLEY FOUNDATION INC is 26-1470777.
- Is KELLEY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to KELLEY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KELLEY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KELLEY FOUNDATION INC 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 KELLEY FOUNDATION INC 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 KELLEY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does KELLEY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $191,526, expenses of $50,159 and total assets of $1,985,196 at year end.
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