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← KELEN FAMILY FOUNDATION

Form 990 for tax year 2023

Filed by KELEN FAMILY FOUNDATION.

Totals

Total revenue
$1,143,846
Total expenses
$246,060
Contributions and grants received
$0
Grants paid
$243,300
Program service revenue
$0
Investment income
$833,865
Other revenue
$309,981
Total assets, end of year
$4,767,473
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,767,473
Program services expenses (Part IX)
$246,060
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$246,060

Program services were 100.0% 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 $98,844 · excluded $98,844

  • 7a · Gross sales of assets other than inventory

    securities $314,000 · other assets $2,188,390

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

    securities $467,388 · other assets $1,299,981

  • 7c · Gain or loss

    securities -$153,388 · other assets $888,409

  • 7d · Net gain or loss

    total $735,021 · excluded $735,021

  • 11a · Other revenue: PARTNERSHIP INCOME

    total $309,981 · related or exempt $309,981

  • 11e · Other revenue, total

    $309,981

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $243,300 · program services $243,300

  • 11c · Fees: accounting

    total $2,700 · program services $2,700

  • 24a · Other expenses: MISC EXPENSE

    total $35 · program services $35

  • 24b · Other expenses: MN STATE TAX FEE

    total $25 · program services $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $219,386 · end of year $327,505

  • 11 · Investments: publicly traded securities

    beginning of year $1,818,656 · end of year $2,963,761

  • 12 · Investments: other securities

    beginning of year $1,658,167 · end of year $1,476,207

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,696,209 · end of year $4,767,473

Mission and programs · 2023

Mission

THIS ORGANIZATION IS ORGANIZED FOR THE BENEFIT OF AND TO CARRY OUT THE PURPOSES OF THE MINNEAPOLIS FEDERATION FOR JEWISH SERVICES & THE JEWISH COMMUNITY FOUNDATION.

Activities or mission (Part I)

TO BENEFIT THE MINNEAPOLIS FEDERATION FOR JEWISH SERVICES & THE JEWISH COMMUNITY FOUNDATION.

  • THIS ORGANIZATION IS ORGANIZED FOR THE BENEFIT OF AND TO CARRY OUT THE PURPOSES OF THE MINNEAPOLIS FEDERATION FOR JEWISH SERVICES & THE JEWISH COMMUNITY FOUNDATION.

    Expenses $246,060 · Grants $243,300

As filed on the 2023 return.

Listed in Part VII

  • Erwin A Kelen

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Robert A Kelen

    PRESIDENT, DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Sarah A Kelen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Peter J Kelen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Frank Trestman

    DIRECTOR THRU 10/23

    Total calculated
    $0
    Hours/week
    0

  • Sheldon Levin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Morris M Sherman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Lawrence Perlman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Tom Sanders

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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.

  • MINNEAPOLIS FED FOR JEWISH SERVICES

    501(C)(3) · CIVIC · MN

  • JEWISH COMMUNITY FOUNDATION

    501(C)(3) · CIVIC · MN

Provenance

Return type
form_990
Tax year
2023
Filed
25 October 2024
IRS schema version
2023v5.1
Source object
202443069349300519

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