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Nonprofit · EIN 46-1625964

KELLY FOUNDATION

Tax-exempt · LIBERTYVILLE, IL 60048

Financials

$849K$252K2023$610K$259K2024$2.2M$647K2025
Revenue Expenses · by fiscal year end
Financials of KELLY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$2,196,864$646,972$1,549,892$5,108,622$0$5,108,622
December 31, 2024990-PF$610,318$259,171$351,147$3,558,730$0$3,558,730
December 31, 2023990-PF$848,779$251,602$597,177$3,207,583$0$3,207,583
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$2,000,000
Dividends
$198,086
Net gain from sales of assets
-$1,222

Expenses

Grants and similar amounts paid
$606,600
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$607,800
Excise tax on investment income
$2,244

Balance sheet and other

Total assets, start of year
$3,558,730
Total assets, end of year
$5,108,622
Total liabilities, end of year
$0
Net assets, end of year
$5,108,622
Fair market value of assets
$4,893,370
Qualifying distributions
$607,800
Net investment income
$198,086

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
PAUL KELLY
953 18th Avenue South, Naples, FL 34102
PRESIDENT5$0
MICHELE KELLY
953 18th Avenue South, Naples, FL 34102
SECRETARY5$0
FREDERICK M LERNER
30 S WACKER DRIVE 1710, CHICAGO, IL 60606
DIRECTOR2$0
990-PF for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
PAUL KELLY
953 18th Avenue South, Naples, FL 34102
PRESIDENT5$0
MICHELE KELLY
953 18th Avenue South, Naples, FL 34102
SECRETARY5$0
FREDERICK M LERNER
30 S WACKER DRIVE 1710, CHICAGO, IL 60606
DIRECTOR2$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
PAUL KELLY
953 18th Avenue South, Naples, FL 34102
PRESIDENT5$0
MICHELE KELLY
953 18th Avenue South, Naples, FL 34102
SECRETARY5$0
FREDERICK M LERNER
30 S WACKER DRIVE 1710, CHICAGO, IL 60606
DIRECTOR2$0

Address and contacts

Address (IRS master file)
1925 ENTERPRISE CT, LIBERTYVILLE, IL 60048-9764
In care of
% PAUL KELLY
Signed the 990-PF
Paul Kelly, Officer
Phone
(847) 362-9800
Return prepared by
MILLER COOPER & CO LTD

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
46-1625964
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
2014
Accounting year ends
December
Files
Form 990-PF
Category (NTEE)
Education (B12)
Assets (IRS master file)
$5,108,622
Income (IRS master file)
$3,418,026

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$2,196,864$646,972$5,108,622IRS
990-PFDecember 2024$610,318$259,171$3,558,730IRS
990-PFDecember 2023$848,779$251,602$3,207,583XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2019–––IRS
990-PFDecember 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 46-1625964).

Questions about KELLY FOUNDATION

What is the EIN of KELLY FOUNDATION?
The employer identification number (EIN) of KELLY FOUNDATION is 46-1625964.
Is KELLY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to KELLY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does KELLY FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of KELLY FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KELLY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of KELLY FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does KELLY FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $2,196,864, expenses of $646,972 and total assets of $5,108,622 at year end.

Other nonprofits in LIBERTYVILLE

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