KEN KELLEY FAMILY FOUNDATION: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- KEN KELLEY FAMILY FOUNDATION (EIN 26-4049904)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-11-13
- IRS object ID
- 201933179349102303
- Schema version
- 2018v3.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-11-13T14:46:31-06:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 752333913 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILSON HAAG & CO PC | 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 | 2018-01-01 | 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 | 2019-11-08 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TRUITT V HAYES CPA | PreparerPersonNm |
| PTIN | P01247294 | PTIN |
| Phone | 8063723331 | PhoneNum |
| Preparation | 2019-11-08 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 66.62.146.86 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-11-13 | IPDt |
| IP Tm | 14:46:31 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | F7E6EE07194AAD8FD0E545FA42CBC482C9FAAF53 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 0039BDDA14AEB63F358E1BC86AE8CC94B447AED9 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-03-31 21:24:44Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $751,271 | 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 | $118,630 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $118,630 | InterestOnSavNetInvstIncmAmt |
| Total Rev And Expnss | $118,630 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $118,630 | TotalNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $2,852 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $2,852 | AccountingFeesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $69 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $69 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $2,921 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,921 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $180,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $180,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $182,921 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,921 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $180,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$64,291 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $115,709 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $815,562 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $751,271 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $751,271 | SavAndTempCashInvstEOYFMVAmt |
| Total Assets BOY | $815,562 | TotalAssetsBOYAmt |
| Total Assets EOY | $751,271 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $751,271 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $815,562 | RetainedEarningBOYAmt |
| Retained Earning EOY | $751,271 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $815,562 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $751,271 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $815,562 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $751,271 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $815,562 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$64,291 | ExcessRevenueOverExpensesAmt |
| Subtotal | $751,271 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $751,271 | TotNetAstOrFundBalancesEOYAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $17,000 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $816,487 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.020821 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $5,000 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $823,059 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.006075 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $28,500 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $820,500 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.034735 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $849,771 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $1,129,874 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.752094 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $60,000 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $2,666,373 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.022502 | DistributionYr5Rt |
| Total Distribution | 0.836227 | TotalDistributionRt |
| Average Distribution | 0.167245 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $748,686 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $125,214 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $1,157 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $126,371 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $180,000 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $1,157 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $1,157 | SubtotalAmt |
| Tax Based On Investment Income | $1,157 | TaxBasedOnInvestmentIncomeAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $46 | EsPenaltyAmt |
| Tax Due | $1,203 | TaxDueAmt |
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 STATE BANK AND TRUST CO | BusinessNameLine1Txt |
| Business Name Line2 | HAPPY STATE BANK AND TRUST CO | BusinessNameLine2Txt |
| 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 | $756,655 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $3,432 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $760,087 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $760,087 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $11,401 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $748,686 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $37,434 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $37,434 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,157 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,157 | TotalTaxAmt |
| Distributable Before Adj | $36,277 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $36,277 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $36,277 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $180,000 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $180,000 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $1,157 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $178,843 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $36,277 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr4 | $645,171 | ExcessDistributionCyovYr4Amt |
| Total Excess Distribution Cyov | $645,171 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $180,000 | QualifyingDistributionsAmt |
| Applied To Current Year | $36,277 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $143,723 | RemainingDistriFromCorpusAmt |
| Total Corpus | $788,894 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $788,894 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $645,171 | ExcessFromYear4Amt |
| Excess From Current Year | $143,723 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| SUSAN G KOMEN FOUNDATION | ||||||
| 1655 MAIN ST SUITE 203 | LUBBOCK | TX | 79401 | PC | CANCER RESEARCH | $2,500 |
| TEXAS PANHANDLE INDEPENDENT FUTURES | ||||||
| PO BOX 1233 | AMARILLO | TX | 79105 | PC | ASSISTED LIVING | $165,000 |
| WESTMINSTER PRESBYTERIAN CHURCH | ||||||
| 2525 WIMBERLY RD | AMARILLO | TX | 79109 | PC | GENERAL | $10,000 |
| OPPORTUNITY SCHOOL | ||||||
| 1103 VAN BUREN | AMARILLO | TX | 79101 | PC | GENERAL | $2,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $180,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $118,630 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $118,630 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $118,630 | 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 | $2,852 | Amt |
| Net Investment Income | $2,852 | NetInvestmentIncomeAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| EXPENSES | ||
| ADMINISTRATIVE FEES | $69 | $69 |
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