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ROBERT AND RENEE KELLY FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
ROBERT AND RENEE KELLY FOUNDATION (EIN 77-0547275)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-06-29
IRS object ID
202001819349101120
Schema version
2019v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2020-06-29T13:38:23-07:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN462638405PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Steinbruner Hill CPAsBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 Clock Tower Pl Ste 130AddressLine1Txt
CityCarmelCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93923ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN770547275EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Robert & Renee Kelly FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlROBEBusinessNameControlTxt
Phone8312226111PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12170 Century Park East 1807AddressLine1Txt
CityLos AngelesCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90067ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRenee KellyPersonNm
Person TitlePresidentPersonTitleTxt
Signature2020-06-29SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonChris SteinbrunerPreparerPersonNm
PTINP00116183PTIN
Phone8312226111PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$642,862FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$157InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$157InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$44,118DividendsRevAndExpnssAmt
Dividends Net Invst Incm$44,118DividendsNetInvstIncmAmt
Total Rev And Expnss$44,275TotalRevAndExpnssAmt
Total Net Invst Incm$44,275TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,300AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$3,300AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$14,929OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$14,929OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$830TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$830TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$19,059TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$14,929TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$4,130TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$10,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$10,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$29,059TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$14,929TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$14,130TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$15,216ExcessRevenueOverExpensesAmt
Net Investment Income$29,346NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$60,253SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$75,969SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$75,969SavAndTempCashInvstEOYFMVAmt
Rcvbl From Officers BOY$500RcvblFromOfficersBOYAmt
Corporate Stock BOY$65,025CorporateStockBOYAmt
Corporate Stock EOY$65,025CorporateStockEOYAmt
Corporate Stock EOYFMV$47,069CorporateStockEOYFMVAmt
Other Investments BOY$587,315OtherInvestmentsBOYAmt
Other Investments EOY$587,315OtherInvestmentsEOYAmt
Other Investments EOYFMV$519,824OtherInvestmentsEOYFMVAmt
Total Assets BOY$713,093TotalAssetsBOYAmt
Total Assets EOY$728,309TotalAssetsEOYAmt
Total Assets EOYFMV$642,862TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$713,093RetainedEarningBOYAmt
Retained Earning EOY$728,309RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$713,093TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$728,309TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$713,093TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$728,309TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$713,093TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$15,216ExcessRevenueOverExpensesAmt
Subtotal$728,309SubtotalAmt
Tot Net Ast Or Fund Balances EOY$728,309TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$18,280AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$592,892NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.03083DistributionYr1Rt
Adjusted Qlfy Distri Yr2$37,503AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$595,723NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.06295DistributionYr2Rt
Adjusted Qlfy Distri Yr3$22,955AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$538,286NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.04265DistributionYr3Rt
Adjusted Qlfy Distri Yr4$29,582AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$552,714NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.05352DistributionYr4Rt
Adjusted Qlfy Distri Yr5$57,488AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$627,069NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.09168DistributionYr5Rt
Total Distribution0.281629TotalDistributionRt
Average Distribution0.056326AverageDistributionRt
Net Vl Noncharitable Assets$600,334NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$33,814AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$293NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$34,107AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$14,130QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$587InvestmentIncomeExciseTaxAmt
Subtotal$587SubtotalAmt
Tax Based On Investment Income$587TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$552EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$552TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$9EsPenaltyAmt
Tax Due$44TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Steinbruner Hill CPAsBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8312226111PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1100 Clock Tower Pl Ste 130AddressLine1Txt
CityCarmelCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93923ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonRenee KellyPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12170 Century Park East 1807AddressLine1Txt
CityLos AngelesCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90067ZIPCd
FieldValueIRS element (for citing)
TitlePresidentTitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$542,713AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$66,763AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$609,476TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$609,476AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$9,142CashDeemedCharitableAmt
Net Vl Noncharitable Assets$600,334NetVlNoncharitableAssetsAmt
Minimum Investment Return$30,017MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$30,017MinimumInvestmentReturnAmt
Tax Based On Investment Income$587TaxBasedOnInvestmentIncomeAmt
Total Tax$587TotalTaxAmt
Distributable Before Adj$29,430DistributableBeforeAdjAmt
Distributable Before Ded$29,430DistributableBeforeDedAmt
Distributable As Adjusted$29,430DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$14,130ExpensesAndContributionsAmt
Qualifying Distributions$14,130QualifyingDistributionsAmt
Adjusted Qualifying Distri$14,130AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$29,430DistributableAsAdjustedAmt
Undistributed Income PY$5,371UndistributedIncomePYAmt
Qualifying Distributions$14,130QualifyingDistributionsAmt
Applied To Year1$5,371AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$8,759AppliedToCurrentYearAmt
Undistributed Income CY$20,671UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerRenee KellyContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonEd Asner Family CenterRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line112400 Ventura Blvd 371AddressLine1Txt
CityStudio CityCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91604ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNoneRecipientRelationshipTxt
Recipient Foundation StatusEOFRecipientFoundationStatusTxt
Grant Or Contribution PurposeGeneral PurposesGrantOrContributionPurposeTxt
Amt$10,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$10,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$157ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$44,118ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$44,275ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$44,275TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccountingCategoryTxt
Amt$3,300Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$3,300DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
Citigroup, Inc$34,850$7,989
AT&T, Inc$30,175$39,080

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (5 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
Pimco Income Strategy Fund IIAT COST$86,583$69,174
Eaton Vance Floating Rate FundAT COST$168,300$137,200
Eaton Vance Senior Floating Rate FundAT COST$168,300$135,500
Pimco Corporate Opportunity FundAT COST$88,409$95,000
Pimco Income Strategy FundAT COST$75,723$82,950

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment FeesCategoryTxt
Amt$14,929Amt
Net Investment Income$14,929NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Attorney General$25$25
Federal Excise Tax$795$795
Franchise Tax Board$10$10

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