Skip to content
Nonprofiteer
← HORACE KELLEY ART FOUNDATION

Form 990 for tax year 2023

Filed by HORACE KELLEY ART FOUNDATION.

Totals

Total revenue
$431,349
Total expenses
$367,235
Contributions and grants received
$0
Grants paid
$360,000
Program service revenue
$0
Investment income
$431,349
Other revenue
$0
Total assets, end of year
$11,947,520
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$11,947,520
Program services expenses (Part IX)
$360,000
Management and general expenses
$7,235
Fundraising expenses
$0
Program service expenses (Part III)
$360,000

Program services were 98.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $397,757 · excluded $397,757

  • 7a · Gross sales of assets other than inventory

    securities $2,430,959

  • 7b · Less cost or other basis and sales expenses

    securities $2,397,367

  • 7c · Gain or loss

    securities $33,592

  • 7d · Net gain or loss

    total $33,592 · excluded $33,592

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $360,000 · program services $360,000

  • 11b · Fees: legal

    total $2,066 · management and general $2,066

  • 11c · Fees: accounting

    total $4,850 · management and general $4,850

  • 24a · Other expenses: OHIO FILING FEE

    total $200 · management and general $200

  • 24b · Other expenses: INTEREST EXPENSE

    total $119 · management and general $119

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,071,584 · end of year $411,637

  • 11 · Investments: publicly traded securities

    beginning of year $10,811,822 · end of year $11,535,883

  • 27 · Net assets without donor restrictions

    beginning of year $11,883,406 · end of year $11,947,520

Mission and programs · 2023

Mission

CHARITABLE GIVING AND SUPPORT OF THE CLEVELAND MUSEUM OF ART

  • GRANTS MADE TO SUPPORT THE EDUCATIONAL PURPOSES OF THE CLEVELAND MUSEUM OF ART

    Expenses $360,000 · Grants $360,000

As filed on the 2023 return.

Listed in Part VII

  • Curtin G Kelley MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • H Kim Kelley III

    VP & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kevin Gray

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Matthew M Kelley

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Meghan Friesen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202413179349304796

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.