Overview
What is The Colonel David B Kelly Foundation Inc?
The Colonel David B Kelly Foundation Inc, located in Red Bank, New Jersey, is a dedicated nonprofit organization. Their primary mission is to provide secondary school scholarships for qualified children of New Jersey State Troopers. By offering these scholarships, they aim to support the educational aspirations of the families connected to the state troopers, thereby contributing to their overall well-being. The foundation's activities are focused on this singular yet significant purpose, making a meaningful difference in the lives of these children.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 70%)
The Colonel David B Kelly Foundation Inc has received a mixed evaluation, achieving a Two-Star rating with an overall score of 70%. The charity excels in its financial accountability, scoring 100% in this category, which indicates a strong commitment to transparency and responsible management of funds. Notably, the organization has a well-composed board, with all members being independent, and demonstrates prudent financial practices with a high program expense ratio of 85.27%.
However, there are significant gaps in the foundation's governance practices, as highlighted by the absence of key tax form disclosures and policies on its website. The lack of conflict of interest, whistleblower, and document retention policies, along with missing board meeting minutes, suggests areas where the organization could improve its operational transparency and governance. These limitations may affect its credibility and stakeholder trust.
Overall, while the Colonel David B Kelly Foundation demonstrates strong financial health and effective board governance, enhancing its transparency and compliance with best practices will be crucial for improving its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The Colonel David B Kelly Foundation Inc legitimate?
The Colonel David B Kelly Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Colonel David B Kelly Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Colonel David B Kelly Foundation Inc?
The Colonel David B Kelly Foundation Inc's primary mission is to offer educational scholarships to deserving children who have lost their parent or guardian, serving as a New Jersey State Trooper. By providing these scholarships, the foundation aims to alleviate some of the financial burden associated with secondary education, enabling these children to pursue their educational goals. The foundation's activities are centered around this mission, ensuring that qualified children can continue their education despite their personal circumstances. The foundation's scholarship program is a testament to its commitment to support the families of fallen New Jersey State Troopers and honor their memories.
What is the revenue of The Colonel David B Kelly Foundation Inc?
The Colonel David B Kelly Foundation Inc's revenue in 2023 was $43,710.
Who are the executives of The Colonel David B Kelly Foundation Inc and what are their salaries?
There 6 volunteers at The Colonel David B Kelly Foundation Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for The Colonel David B Kelly Foundation Inc?
The Colonel David B Kelly Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Colonel David B Kelly Foundation Inc
The Colonel David B Kelly Foundation Inc is dedicated to extending a helping hand to qualified children who have lost a parent serving as a New Jersey State Trooper. Their primary mission is to provide secondary school scholarships to these deserving young individuals, ensuring they have the opportunity to pursue their education and build a brighter future. By offering these scholarships, the Foundation aims to alleviate some of the financial burden often associated with higher education, providing these children with the means to pursue their academic dreams.
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Impact
August, 2024
The Colonel David B Kelly Foundation Inc's impact is evident in its provision of secondary school scholarships to qualified children of New Jersey State Troopers. By offering these scholarships, the foundation helps support the education and future prospects of these deserving individuals. This initiative contributes to the educational development of the recipients and underscores the foundation's commitment to supporting the families of those in law enforcement.
This information is meant to be a general summary of The Colonel David B Kelly Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $704
- Gross Receipts: $158,195
Assets and Liabilities:
- Total Assets: $32,350
- Total Liabilities: $0
- Net Assets: $32,350
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Organization Details
Founding Year
1977
Principal Officer
Sean R Kelly
NTEE Category
Code: B82 - Education
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