Skip to content
ProPublica Donate
ProPublica Donate

Kelly Foundation

  • Libertyville, IL
  • Tax-exempt since June 2014
  • EIN: 46-1625964

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$610k (2024)

Expenses
$259k (2024)

Total Assets
$3.56M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2013 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$610,318
Expenses
$259,171
Net Income
$351,147
Net Assets
$3,558,730
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $400,000
65.5%
Interest Revenue $0
Dividends $207,383
34.0%
Sales of Assets $2,935
0.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $229,020
88.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,558,730
Total Liabilities $0
Net Assets $3,558,730
Compensation
Key Employees and Officers Compensation Other
Paul Kelly (President) $0 $0
Michele Kelly (Secretary) $0 $0
Frederick M Lerner (Director) $0 $0

Document Links

990-PF
Filed on May 9, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$848,779
Expenses
$251,602
Net Income
$597,177
Net Assets
$3,207,583
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $800,000
94.3%
Interest Revenue $0
Dividends $59,220
7.0%
Sales of Assets -$10,441
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $228,420
90.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,207,583
Total Liabilities $0
Net Assets $3,207,583
Compensation
Key Employees and Officers Compensation Other
Paul Kelly (President) $0 $0
Michele Kelly (Secretary) $0 $0
Frederick M Lerner (Director) $0 $0

Document Links

990-PF
Filed on May 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$840,788
Expenses
$328,816
Net Income
$511,972
Net Assets
$2,610,406
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $800,000
95.1%
Interest Revenue $0
Dividends $22,213
2.6%
Sales of Assets $18,575
2.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $306,400
93.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,610,406
Total Liabilities $0
Net Assets $2,610,406
Compensation
Key Employees and Officers Compensation Other
Paul Kelly (President) $0 $0
Michele Kelly (Secretary) $0 $0
Frederick M Lerner (Director) $0 $0

Document Links

990-PF
Filed on May 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$656,362
Expenses
$462,426
Net Income
$193,936
Net Assets
$2,098,434
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $500,000
76.2%
Interest Revenue $7,756
1.2%
Dividends $18,442
2.8%
Sales of Assets $130,164
19.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $443,917
96.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,098,434
Total Liabilities $0
Net Assets $2,098,434
Compensation
Key Employees and Officers Compensation Other
Paul Kelly (President) $0 $0
Michele Kelly (Secretary) $0 $0
Frederick M Lerner (Director) $0 $0

Document Links

990-PF
Filed on May 16, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$400,071
Expenses
$1,475,725
Net Income
-$1,075,654
Net Assets
$1,904,497
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $400,000
100.0%
Interest Revenue $15,712
3.9%
Dividends $16,075
4.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,450,514
98.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,904,498
Total Liabilities $1
Net Assets $1,904,497
Compensation
Key Employees and Officers Compensation Other
Paul Kelly (President) $0 $0
Michele Kelly (Secretary) $0 $0
Frederick M Lerner (Director) $0 $0

Document Links

990-PF
Filed on July 20, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$968,057
Expenses
$236,124
Net Income
$731,933
Net Assets
$2,980,151
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $800,000
82.6%
Interest Revenue $16,122
1.7%
Dividends $29,379
3.0%
Sales of Assets $122,556
12.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $205,270
86.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,980,152
Total Liabilities $1
Net Assets $2,980,151
Compensation
Key Employees and Officers Compensation Other
Paul Kelly (President) $0 $0
Michele Kelly (Secretary) $0 $0
Frederick M Lerner (Director) $0 $0

Document Links

990-PF
Filed on May 27, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$865,638
Expenses
$257,105
Net Income
$608,533
Net Assets
$2,248,219
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $800,000
92.4%
Interest Revenue $9,419
1.1%
Dividends $23,187
2.7%
Sales of Assets $33,032
3.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $240,820
93.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,248,219
Total Liabilities $0
Net Assets $2,248,219
Compensation
Key Employees and Officers Compensation Other
Paul Kelly (President) $0 $0
Michele Kelly (Secretary) $0 $0
Frederick M Lerner (Director) $0 $0

Document Links

990-PF
Filed on Nov. 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$819,241
Expenses
$253,224
Net Income
$566,017
Net Assets
$1,639,686
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $800,015
97.7%
Interest Revenue $5,139
0.6%
Dividends $16,615
2.0%
Sales of Assets -$2,528
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $241,450
95.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,639,686
Total Liabilities $0
Net Assets $1,639,686
Compensation
Key Employees and Officers Compensation Other
Paul Kelly (President) $0 $0
Michele Kelly (Secretary) $0 $0
Frederick M Lerner (Director) $0 $0

Document Links

990-PF
Filed on May 22, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$403,617
Expenses
$260,122
Net Income
$143,495
Net Assets
$1,073,669
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $400,000
99.1%
Interest Revenue $4,424
1.1%
Dividends $14,552
3.6%
Sales of Assets -$15,359
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $250,400
96.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,073,669
Total Liabilities $0
Net Assets $1,073,669
Compensation
Key Employees and Officers Compensation Other
Paul Kelly (President) $0 $0
Michele Kelly (Secretary) $0 $0
Frederick M Lerner (Director) $0 $0

Document Links

990-PF
Filed on May 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$207,525
Expenses
$269,265
Net Income
-$61,740
Net Assets
$930,174
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $200,000
96.4%
Interest Revenue $4,410
2.1%
Dividends $17,956
8.7%
Sales of Assets -$14,841
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $258,350
95.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $930,174
Total Liabilities $0
Net Assets $930,174
Compensation
Key Employees and Officers Compensation Other
Paul Kelly (President) $0 $0
Michele Kelly (Secretary) $0 $0
Frederick M Lerner (Director) $0 $0

Document Links

990-PF
Filed on May 11, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$155,248
Expenses
$209,030
Net Income
-$53,782
Net Assets
$991,914
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $150,000
96.6%
Interest Revenue $1,189
0.8%
Dividends $8,514
5.5%
Sales of Assets -$4,455
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $204,600
97.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $991,914
Total Liabilities $0
Net Assets $991,914
Compensation
Key Employees and Officers Compensation Other
Paul Kelly (President) $0 $0
Michele Kelly (Secretary) $0 $0
Frederick M Lerner (Director) $0 $0

Document Links

990-PF
Filed on Aug. 17, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$800,446
Expenses
$154,758
Net Income
$645,688
Net Assets
$1,045,696
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $800,000
99.9%
Interest Revenue $446
0.1%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $147,450
95.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,045,696
Total Liabilities $0
Net Assets $1,045,696

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Contact Us

About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated