KEN KELLEY FAMILY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: KEN KELLEY FAMILY FOUNDATION (EIN 26-4049904)
Tax period: 2021-01-01 to 2021-12-31
Filed: 2022-11-22
IRS object ID: 202203269349100220
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
Other Expenses Schedule
Other Increases Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-11-22T17:57:39-05:00	ReturnTs
Tax Period End	2021-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	844100509	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	WILSON HAAG PLLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	418 S POLK ST STE 200	AddressLine1Txt
City	AMARILLO	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	791011430	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	264049904	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	KEN KELLEY FAMILY FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	KENK	BusinessNameControlTxt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 31598	AddressLine1Txt
City	AMARILLO	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	79120	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	OLIVER KENDALL KELLY	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	8065764595	PhoneNum
Signature	2022-11-22	SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	OLIVER	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	TRUITT V HAYES CPA	PreparerPersonNm
PTIN	P01247294	PTIN
Phone	8063723331	PhoneNum
Preparation	2022-11-22	PreparationDt

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)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$776,632	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	$8	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$8	InterestOnSavNetInvstIncmAmt
Total Rev And Expnss	$8	TotalRevAndExpnssAmt
Total Net Invst Incm	$8	TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss	$2,067	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$2,067	AccountingFeesNetInvstIncmAmt
Other Expenses Rev And Expnss	$294	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$294	OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss	$2,361	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$2,361	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$500	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$500	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$2,861	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$2,361	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$500	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$2,853	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$778,648	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$776,632	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$776,632	SavAndTempCashInvstEOYFMVAmt
Total Assets BOY	$778,648	TotalAssetsBOYAmt
Total Assets EOY	$776,632	TotalAssetsEOYAmt
Total Assets EOYFMV	$776,632	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$778,648	RetainedEarningBOYAmt
Retained Earning EOY	$776,632	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$778,648	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$776,632	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$778,648	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$776,632	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$778,648	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$2,853	ExcessRevenueOverExpensesAmt
Other Increases	$837	OtherIncreasesAmt
Subtotal	$776,632	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$776,632	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

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	false	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	TX	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	HAPPY TRUST COMPANY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8063568787	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	701 S TAYLOR STE 200	AddressLine1Txt
Address Line2	701 S TAYLOR STE 200	AddressLine2Txt
City	AMARILLO	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	79101	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
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 (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
TAYLOR KENDALL KELLEY
2100 SPRUCE ST	AMARILLO	TX	79103	SECRETARY/TR	0.50	$0	$0	$0
JACKSON BRYAN KELLEY
2100 SPRUCE ST	AMARILLO	TX	79103	VICE PRESIDE	0.50	$0	$0	$0
OLIVER KENDALL KELLY
2100 SPRUCE ST	AMARILLO	TX	79103	PRESIDENT	1.00	$0	$0	$0

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

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$775,236	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$3,432	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$778,668	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$778,668	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$11,680	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$766,988	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$38,349	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$38,349	MinimumInvestmentReturnAmt
Distributable Before Adj	$38,349	DistributableBeforeAdjAmt
Distributable Before Ded	$38,349	DistributableBeforeDedAmt
Distributable As Adjusted	$38,349	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$500	ExpensesAndContributionsAmt
Qualifying Distributions	$500	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$38,349	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3	$108,607	ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov	$108,607	TotalExcessDistributionCyovAmt
Qualifying Distributions	$500	QualifyingDistributionsAmt
Applied To Current Year	$500	AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus	$37,849	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$37,849	ExcessDistributionCyovAppCYAmt
Total Corpus	$70,758	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$70,758	ExcessDistriCyovToNextYrAmt
Excess From Year3	$70,758	ExcessFromYear3Amt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GATEWAY TO SUCCESS INC	BusinessNameLine1Txt

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 3564	AddressLine1Txt
City	AMARILLO	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	79116	ZIPCd

Field	Value	IRS element (for citing)
Recipient Foundation Status	PC	RecipientFoundationStatusTxt
Grant Or Contribution Purpose	GENERAL	GrantOrContributionPurposeTxt
Amt	$500	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$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	$8	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$8	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$8	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 & LEGAL EXPENSE	CategoryTxt
Amt	$2,067	Amt
Net Investment Income	$2,067	NetInvestmentIncomeAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt
EXPENSES
ADMIN FEES	$294	$294

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	FEDERAL TAX REFUND	Desc
Amt	$837	Amt

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