William & Ruth Kelly Family Foundation in Medina, Ohio (OH)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| William & Ruth Kelly Family Foundation | |
| Employer Identification Number (EIN) | 061661997 |
| Name of Organization | William & Ruth Kelly Family Foundation |
| In Care of Name | William H Kelly |
| Address | 4231 Beach Rd, Medina, OH 44256-7303 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $986,490 |
| Amount of Income | $270,618 |
| Form 990 Revenue Amount | $17,407 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2013: $270,618 (it was $341,702 in 2012)
| William & Ruth Kelly Family Foundation: | $270,618 |
| Other organizations performing similar types of work: | $107,502 |
Assets in 2013: $986,490 (it was $822,885 in 2012)
| This organization: | $986,490 |
| Other organizations performing similar types of work: | $322,766 |
Expenses in 2012: $25,375
| William & Ruth Kelly Family Foundation: | $25,375 |
| Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2012: 10.7
| William & Ruth Kelly Family Foundation: | 10.7 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2012: 97.4%
| This organization: | 97.4% |
| Other organizations performing similar types of work: | 98.7% |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $325,731 | $13,247 | $0 | |
| Contributions, gifts, grants, etc., received | $317,311 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $13,247 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $25,375 | $250 | $0 | $23,925 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,575 | $250 | $125 | |
| Contributions, gifts, grants paid | $23,800 | |||
| Excess of revenue over expenses and disbursements | $300,356 | |||
| Net investment income | $12,997 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $822,885 | $750,876 |
| Cash - non-interest-bearing | $11,274 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $222,389 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $589,222 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $822,885 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-4,827 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $130 |
| Total credits and payments | $532 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $332 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $200 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $402 |
| Amount to be credited to 2013 estimated tax | $402 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $467,450 |
| Net value of noncharitable-use assets | $460,440 |
| Minimum investment return | $23,022 |
| Distributable Amount (for 2012) | |
| Distributable amount | $22,892 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $22,892 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $19,626 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Westfield Insurance Foundation | PO BOX 5001, Westfield Ctr, OH 44251-5001 | OH | 2005-12 | $11,337,468 |
| 2 | Robert A Immerman Family Foundation | 30725 Solon Industrial Pkwy, Solon, OH 44139-4338 | OH | 2011-08 | $9,922,338 |
| 3 | Turner Farm Foundation Inc | Cors Bassett Llc 537 E Pete Rose, Cincinnati, OH 45202 | OH | 2011-07 | $9,056,847 |
| 4 | Third Federal Foundation | 7007 Broadway Ave, Cleveland, OH 44105-1441 | OH | 2007-11 | $3,164,515 |
| 5 | Vanhoose Stewart Foundation Inc, Vanhoose Foundation Inc | 8375 Gallia Pike, Frankln Frnce, OH 45629-8989 | OH | 2004-03 | $1,623,491 |
| 6 | Therapeutic Riding Center Foundation | 16497 Snyder Rd, Chagrin Falls, OH 44023-4313 | OH | 1997-10 | $1,426,114 |
| 7 | Thomas H Ingle And Evelyn H Ingle Trust | PO BOX 630858, Cincinnati, OH 45263-0858 | OH | 2001-01 | $1,104,316 |
| 8 | The@chester Family Foundation | 65 E State St Ste 1000, Columbus, OH 43215-4216 | OH | 2007-01 | $1,079,340 |
| 9 | The May Department Stores Company Foundation | 7 W Seventh St, Cincinnati, OH 45202-2424 | OH | 1996-02 | $926,441 |
| 10 | The Patrick And Susan Keefe Family Foundation Inc | 388 Baum St, Cincinnati, OH 45202-1603 | OH | 2011-11 | $568,010 |
| 11 | Warren Hensel And Bernice Hensel Foundation | 3616 Church St, Cincinnati, OH 45244-3004 | OH | 2003-08 | $533,036 |
| 12 | Ray W & Eleanor R Emerson Charitable Tr Uw | PO BOX 1558 DEPT EA4E86, Columbus, OH 43216-1558 | OH | 2013-07 | $506,083 |
| 13 | Virginia Conlogue Foundation, Johns Daniel T Ttee | 6610 Golf Green Dr, Centerville, OH 45459-5804 | OH | 2001-12 | $435,509 |
| 14 | Williams Memorial Fund 009428 | PO BOX 630858, Cincinnati, OH 45263-0858 | OH | 2005-10 | $326,694 |
| 15 | Supau Trust A Private Foundation 795 74c96, Reardon Elizabeth Ttee | 1422 Euclid Ave Ste 1130, Cleveland, OH 44115-2065 | OH | 2000-11 | $291,314 |
| 16 | Wuest-Fanning Family Foundation Inc | 6284 Crittenden Dr, Cincinnati, OH 45244-3979 | OH | 1999-04 | $290,964 |
| 17 | Stephen And Joanne Kirk Foundation | 30195 Chagrin Blvd, Cleveland, OH 44124-5719 | OH | 2011-09 | $289,463 |
| 18 | William & Ruth Kelly Family Foundation | 4231 Beach Rd, Medina, OH 44256-7303 | OH | 2003-02 | $270,618 |
| 19 | Weatherlow Foundation | 600 Superior Ave E Ste 1000, Cleveland, OH 44114-2619 | OH | 2011-08 | $257,017 |
| 20 | Sportys Foundation | Clermont County/Sportys Airport, Batavia, OH 45103 | OH | 2007-03 | $175,792 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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