ROBERT AND RENEE KELLY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: ROBERT AND RENEE KELLY FOUNDATION (EIN 77-0547275)
Tax period: 2021-01-01 to 2021-12-31
Filed: 2022-05-12
IRS object ID: 202201329349104540
Schema version: 2021v4.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
Investments Corp Stock Schedule
Investments Other Schedule2
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-05-12T17:34:51-07:00	ReturnTs
Tax Period End	2021-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	462638405	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Steinbruner Hill CPAs	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	100 Clock Tower Pl Ste 130	AddressLine1Txt
City	Carmel	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	93923	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2021-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	770547275	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	The Robert & Renee Kelly Foundation	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	ROBE	BusinessNameControlTxt
Phone	8319158734	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	601 Lido Park Drive 3D	AddressLine1Txt
City	Newport Beach	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	92663	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Renee C Kelly	PersonNm
Person Title	President	PersonTitleTxt
Signature	2022-05-12	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	Renee C	PersonFirstNm
Person Last	Kelly	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Chris Steinbruner	PreparerPersonNm
PTIN	P00116183	PTIN
Phone	8312226111	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd
Federated Assurance Level	FAL1	FederatedAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$631,195	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$7	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$7	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$7	InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss	$39,422	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$39,422	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$39,422	DividendsAdjNetIncmAmt
Total Rev And Expnss	$39,429	TotalRevAndExpnssAmt
Total Net Invst Incm	$39,429	TotalNetInvstIncmAmt
Total Adj Net Incm	$39,429	TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss	$3,450	AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps	$3,450	AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss	$25	TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl	$25	TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$3,475	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$3,475	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$18,500	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$18,500	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$21,975	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$21,975	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$17,454	ExcessRevenueOverExpensesAmt
Net Investment Income	$39,429	NetInvestmentIncomeAmt
Adjusted Net Income	$39,429	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$62,831	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$80,285	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$80,285	SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY	$65,025	CorporateStockBOYAmt
Corporate Stock EOY	$65,025	CorporateStockEOYAmt
Corporate Stock EOYFMV	$30,639	CorporateStockEOYFMVAmt
Other Investments BOY	$587,315	OtherInvestmentsBOYAmt
Other Investments EOY	$587,315	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$520,271	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$715,171	TotalAssetsBOYAmt
Total Assets EOY	$732,625	TotalAssetsEOYAmt
Total Assets EOYFMV	$631,195	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$715,171	RetainedEarningBOYAmt
Retained Earning EOY	$732,625	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$715,171	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$732,625	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$715,171	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$732,625	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$715,171	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$17,454	ExcessRevenueOverExpensesAmt
Subtotal	$732,625	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$732,625	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$548	InvestmentIncomeExciseTaxAmt
Subtotal	$548	SubtotalAmt
Tax Based On Investment Income	$548	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$436	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$436	TotalPaymentsAndCreditsAmt
Tax Due	$112	TaxDueAmt
Applied To ES Tax	$0	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	CA	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	Steinbruner Hill CPAs	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8312226111	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	100 Clock Tower Pl Ste 130	AddressLine1Txt
City	Carmel	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	93923	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	Renee C Kelly	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	601 Lido Park Drive 3D	AddressLine1Txt
City	Newport Beach	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	926634462	ZIPCd

Field	Value	IRS element (for citing)
Title	President	TitleTxt
Average Hrs Per Wk Devoted To Pos	1.00	AverageHrsPerWkDevotedToPosRt
Compensation	$0	CompensationAmt

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$564,273	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$70,873	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$635,146	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$635,146	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$9,527	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$625,619	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$31,281	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$31,281	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$548	TaxBasedOnInvestmentIncomeAmt
Total Tax	$548	TotalTaxAmt
Distributable Before Adj	$30,733	DistributableBeforeAdjAmt
Distributable Before Ded	$30,733	DistributableBeforeDedAmt
Distributable As Adjusted	$30,733	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$21,975	ExpensesAndContributionsAmt
Qualifying Distributions	$21,975	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$30,733	DistributableAsAdjustedAmt
Undistributed Income PY	$8,190	UndistributedIncomePYAmt
Qualifying Distributions	$21,975	QualifyingDistributionsAmt
Applied To Year1	$8,190	AppliedToYear1Amt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$13,785	AppliedToCurrentYearAmt
Undistributed Income CY	$16,948	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	Renee C Kelly	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
Ed Asner Family Center
7915 Lindley Ave	Reseda	CA	91335	None	EOF	General Purposes	$15,000
CHP 11-99 Foundation
3188 Airway Avenue Ste C	Costa Mesa	CA	92626	None	EOF	General	$2,500
Wounded Warrior Project
4899 Belfort Road 300	Jacksonville	FL	32256	None	EOF	General	$1,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$18,500	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$7	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$39,422	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$39,429	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$39,429	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	Accounting	CategoryTxt
Amt	$3,450	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$3,450	DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
Citigroup, Inc	$34,850	$6,039
AT&T, Inc	$30,175	$24,600

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (5 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
Pimco Income Strategy Fund II	AT COST	$86,583	$62,381
Eaton Vance Floating Rate Fund	AT COST	$168,300	$150,800
Eaton Vance Senior Floating Rate Fund	AT COST	$168,300	$147,600
Pimco Corporate Opportunity Fund	AT COST	$88,409	$82,700
Pimco Income Strategy Fund	AT COST	$75,723	$76,790

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	Attorney General	CategoryTxt
Amt	$25	Amt
Disbursements Charitable Prps	$25	DisbursementsCharitablePrpsAmt

ROBERT AND RENEE KELLY FOUNDATION: Form 990PF, tax year 2021

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Preparer Person PreparerPersonGrp

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Persons With Books Name PersonsWithBooksName

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

US Address USAddress

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (5 entries)

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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