BETA

KEN KELLEY FAMILY FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
KEN KELLEY FAMILY FOUNDATION (EIN 26-4049904)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-11-15
IRS object ID
201613209349103216
Schema version
2015v2.1
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

FieldValueIRS element (for citing)
Return2016-11-15T14:36:34-06:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN752333913PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WILSON HAAG & CO PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1418 S POLK ST STE 200AddressLine1Txt
CityAMARILLOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP791011430ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN264049904EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KEN KELLEY FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKENKBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12100 SPRUCE STAddressLine1Txt
CityAMARILLOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79103ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonOLIVER KENDALL KELLYPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8065764595PhoneNum
Signature2016-11-15SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTRUITT V HAYES CPAPreparerPersonNm
PTINP01247294PTIN
Phone8063723331PhoneNum
Preparation2016-11-15PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$826,203FMVAssetsEOYAmt
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$7,982InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$7,982InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$4,424DividendsRevAndExpnssAmt
Dividends Net Invst Incm$4,424DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$16,032NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$716,616GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$16,032CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$28,438TotalRevAndExpnssAmt
Total Net Invst Incm$28,438TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$125LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$125LegalFeesNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,500AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,500AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$256TaxesRevAndExpnssAmt
Taxes Net Invst Incm$27TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$4,698OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$4,698OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$7,579TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$7,350TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$28,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$28,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$36,079TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$7,350TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$28,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$7,641ExcessRevenueOverExpensesAmt
Net Investment Income$21,088NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$123,393SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$817,386SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$817,386SavAndTempCashInvstEOYFMVAmt
Prepaid Expenses BOY$8,810PrepaidExpensesBOYAmt
Prepaid Expenses EOY$8,817PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$8,817PrepaidExpensesEOYFMVAmt
US Government Obligations BOY$175,206USGovernmentObligationsBOYAmt
Corporate Stock BOY$350,826CorporateStockBOYAmt
Other Investments BOY$174,550OtherInvestmentsBOYAmt
Total Assets BOY$832,785TotalAssetsBOYAmt
Total Assets EOY$826,203TotalAssetsEOYAmt
Total Assets EOYFMV$826,203TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$832,785RetainedEarningBOYAmt
Retained Earning EOY$826,203RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$832,785TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$826,203TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$832,785TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$826,203TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$832,785TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$7,641ExcessRevenueOverExpensesAmt
Other Increases$1,059OtherIncreasesAmt
Subtotal$826,203SubtotalAmt
Tot Net Ast Or Fund Balances EOY$826,203TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICLY TRADED SECURITIESP$5,484$5,474$10$10
PUBLICLY TRADED SECURITIESP$711,132$695,110$16,022$16,022
FieldValueIRS element (for citing)
Capital Gain Net Income$16,032CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$10NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$849,771AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,129,874NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.752094DistributionYr1Rt
Adjusted Qlfy Distri Yr2$60,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$2,666,373NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.022502DistributionYr2Rt
Adjusted Qlfy Distri Yr3$171,656AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$2,713,385NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.063263DistributionYr3Rt
Adjusted Qlfy Distri Yr4$47,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$2,772,746NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.016951DistributionYr4Rt
Adjusted Qlfy Distri Yr5$257,258AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$3,156,886NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.081491DistributionYr5Rt
Total Distribution0.936301TotalDistributionRt
Average Distribution0.187260AverageDistributionRt
Net Vl Noncharitable Assets$820,500NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$153,647AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$211NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$153,858AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$28,500QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$422InvestmentIncomeExciseTaxAmt
Subtotal$422SubtotalAmt
Tax Based On Investment Income$422TaxBasedOnInvestmentIncomeAmt
Tax Due$422TaxDueAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
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 Line1HAPPY STATE BANK AND TRUST COBusinessNameLine1Txt
Business Name Line2HAPPY STATE BANK AND TRUST COBusinessNameLine2Txt
FieldValueIRS element (for citing)
Phone8063568787PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1701 S TAYLOR STE 200AddressLine1Txt
Address Line2701 S TAYLOR STE 200AddressLine2Txt
CityAMARILLOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79101ZIPCd
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
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
OLIVER KENDALL KELLY
2100 SPRUCE STAMARILLOTX79103PRESIDENT2.50$0$0$0
JACKSON BRYAN KELLEY
2100 SPRUCE STAMARILLOTX79103VICE PRESIDE0.50$0$0$0
TAYLOR KENDALL KELLEY
2100 SPRUCE STAMARILLOTX79103SECRETARY/TR0.50$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$354,669AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$478,326AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$832,995TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$832,995AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$12,495CashDeemedCharitableAmt
Net Vl Noncharitable Assets$820,500NetVlNoncharitableAssetsAmt
Minimum Investment Return$41,025MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$41,025MinimumInvestmentReturnAmt
Tax Based On Investment Income$422TaxBasedOnInvestmentIncomeAmt
Total Tax$422TotalTaxAmt
Distributable Before Adj$40,603DistributableBeforeAdjAmt
Distributable Before Ded$40,603DistributableBeforeDedAmt
Distributable As Adjusted$40,603DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$28,500ExpensesAndContributionsAmt
Qualifying Distributions$28,500QualifyingDistributionsAmt
Adjusted Qualifying Distri$28,500AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$40,603DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$716,889ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$716,889TotalExcessDistributionCyovAmt
Qualifying Distributions$28,500QualifyingDistributionsAmt
Applied To Current Year$28,500AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$12,103ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$12,103ExcessDistributionCyovAppCYAmt
Total Corpus$704,786TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$704,786ExcessDistriCyovToNextYrAmt
Excess From Year1$704,786ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
TEXAS PANHANDL IND FUTURE FND
2100 SPRUCE STAMARILLOTX79103PCGENERAL FUND$25,000
HILLTOP SENIOR CITIZENS ASSOCIATION
13111 NORTH TAYLOR STAMARILLOTX79107PCGENERAL FUND$1,000
AMARILLO MUSEUM OF ART
2200 S VAN BUREN STAMARILLOTX79109PCCHRISTMAS ROUNDUP$2,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$28,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$7,982ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,424ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$16,032ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$28,438ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$28,438TotalIncomeProducingActyAmt

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)
CategoryACCOUNTING FEESCategoryTxt
Amt$2,500Amt
Net Investment Income$2,500NetInvestmentIncomeAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

StockStockNm
REAL ESTATE SECURITIES
DOMESTIC EQUITY
DOMESTIC EQUITY SMALL CAP
INTERNATIONAL EQUITY
EMERGING MARKETS EQUITY

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or Item5 YEAR GLOBAL FIXED INCOMECategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$125LegalFeesAmt
Net Investment Income$125NetInvestmentIncomeAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
ADMINESTRATIVE FEES$4,698$4,698

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescPREVIOUSLY UNKNOWN ASSETSDesc
Amt$1,059Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAXES PAID$27$27
FEDERAL INCOME TAXES$229

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.