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Nonprofiteer
← KFK FOUNDATION INC

Form 990 for tax year 2024

Filed by KFK FOUNDATION INC.

Totals

Total revenue
$286,895
Total expenses
$373,407
Contributions and grants received
$427,123
Grants paid
$256,895
Program service revenue
$0
Investment income
$28
Other revenue
-$140,256
Total assets, end of year
$35,259
Total liabilities, end of year
$34,713
Net assets or fund balances, end of year
$546
Program services expenses (Part IX)
$256,895
Management and general expenses
$116,512
Fundraising expenses
$0
Program service expenses (Part III)
$256,895

Program services were 68.8% 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.

  • 1c · Fundraising events

    $395,275

  • 1f · All other contributions, gifts and grants

    $31,848

  • 3 · Investment income

    total $28 · excluded $28

  • 8a · Fundraising events: gross income

    $237,387

  • 8a · Fundraising events: contributions included on line 1c

    $395,275

  • 8b · Fundraising events: direct expenses

    $377,643

  • 8c · Net income from fundraising events

    total -$140,256 · excluded -$140,256

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $256,895 · program services $256,895

  • 7 · Other salaries and wages

    total $53,000 · management and general $53,000

  • 10 · Payroll taxes

    total $6,568 · management and general $6,568

  • 11c · Fees: accounting

    total $7,500 · management and general $7,500

  • 11g · Fees: other

    total $581 · management and general $581

  • 13 · Office expenses

    total $3,968 · management and general $3,968

  • 16 · Occupancy

    total $23,125 · management and general $23,125

  • 17 · Travel

    total $4,968 · management and general $4,968

  • 23 · Insurance

    total $2,772 · management and general $2,772

  • 24a · Other expenses: MISCELLANEOUS

    total $7,760 · management and general $7,760

  • 24b · Other expenses: PAYROLL PROCESSING FEES

    total $3,270 · management and general $3,270

  • 24c · Other expenses: TELEPHONE

    total $2,946 · management and general $2,946

  • 24d · Other expenses: BANK CHARGES

    total $54 · management and general $54

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $104,990 · end of year $30,260

  • 4 · Accounts receivable

    beginning of year $6,223 · end of year $3,800

  • 9 · Prepaid expenses and deferred charges

    end of year $1,199

  • 10a · Land, buildings and equipment: cost or other basis

    $15,826

  • 10b · Land, buildings and equipment: accumulated depreciation

    $15,826

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,155 · end of year $10,713

  • 19 · Deferred revenue

    end of year $24,000

  • 27 · Net assets without donor restrictions

    beginning of year $87,058 · end of year $546

Mission and programs · 2024

Mission

PROVIDE GRANTS TO VARIOUS ORGANIZATIONS THAT PRIMARILY BENEFIT CHILDREN BY IMPROVING THE QUALITY OF THEIR LIFE.

  • KELLY FOR KIDS FOUNDATION, INC. RAISES FUNDS AND SOLICITS CONTRIBUTIONS TO PROVIDE FINANCIAL SUPPORT TO OTHER CHARITABLE ORGANIZATIONS IN THE BUFFALO, NEW YORK AREA, PARTICULARLY THOSE CHARITIES WHICH BENEFIT CHILDREN.

    Expenses $256,895 · Grants $256,895

As filed on the 2024 return.

Listed in Part VII

  • James E Kelly

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Daniel J Kelly

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Anthony B Martino

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Mark K Cramer Esq

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • G Scott Murray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Hon Judge Penny Wolfgang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Christye Peterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Peter John Certo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Edward McGinn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Edward Rutkowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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
2024
Filed
15 September 2025
IRS schema version
2024v5.2
Source object
202523189349303507

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