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Kelsey Trust EIN 04-6609917

Kelsey Trust

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A private foundation based in Lincoln, MA. It reported about $234K in revenue for 2024. For fiscal year 2025 it reported $234K in revenue, $273K in expenses, and $3.8M in net assets.Pt I

Type
Private foundation / grantmaker · Nonprofit
Location
Lincoln, MA
Filings
5 on file (2021–2025)
Revenue
$234KFY2025
Expenses
$273K
Net assets
$3.8M
People
2
Filings
5
Updates
0
More identity details & actions ⌄
EIN  04-6609917 Private foundation / grantmaker Lincoln, MA
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Lincoln, MA. It reported about $234K in revenue for 2024.
Leadership
Paula D Johnson · Trustee - as Required
Money in and out
$234K revenue, $273K expenses
Bottom line
—
Grants paid & assets · FY2025
Total revenue
$234K
Pt VIII · Ln 12
Total expenses
$273K
Pt IX · Ln 25
Net assets
$3.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$39K
Total assets
3.8M
deployed as grants and operations
Grants paid
224K
in FY2025
Grants made
30grants
total in period
Payout rate
6%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 30 grants · $224K · 2024–2024
Planned Parenthood of Northern New EnglandFY2024$12,500
Vermont Community FoundationVT · FY2024$10,000
Shelburne FarmsVT · FY2024$10,000
Resource a Nonprofit Community Enterprise INCVT · FY2024$10,000
Boys and Girls Club of Burlington INCVT · FY2024$10,000
Planned Parenthood of the North Country Ny INCFY2024$10,000
Spectrum Youth & Family Services INCFY2024$10,000
John W Graham Emergency Shelter Services INCVT · FY2024$10,000
Addison County Community Action Group INC DBA HopeFY2024$10,000
Committee on Temporary ShelterVT · FY2024$10,000
Adirondack Community Foundation INCNY · FY2024$10,000
Champlain College IncorporatedVT · FY2024$8,000
Stern Center for Languard & LearningFY2024$8,000
Prevent Child Abuse-VermontVT · FY2024$8,000
Greater Burlington YMCA Foundation INC (6663-S01)FY2024$8,000
Vermont Youth Conservation Corps INCVT · FY2024$7,500
Intervale Center INCVT · FY2024$7,500
Conservation Law Foundation INCMA · FY2024$7,500
See all 30 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV20
Average grantPart XV$7K
Median grantPart XV$8K
Largest grantPart XV$12K
Top cause focusNTEEHuman Services (17%)

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$234K
FY2025▼ -51%
Expenses
$273K
FY2025▲ +2%
Total assets
$3.8M
FY2025▼ -1%
Total liabilities
$0
FY2025
Total revenue
$234K
Pt VIII · Ln 12
Total expenses
$273K
Pt IX · Ln 25
Net assets
$3.8M
Pt X · Ln 32
Total assetsPt II$3.8M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKelsey Trust
EINHdr · item D04-6609917
Principal addressHdr · item CLincoln, MA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1989

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Paula D Johnson
Trustee - as Required
$0Pt VII · Sec A
Stephen P Johnson
Trustee - as Required
$0Pt VII · Sec A
See Kelsey Trust executive salaries →

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Statement of Revenue

Part VIII
Investment income$218K · 93%
Contributions & grants$16K · 7%
Investment income93%$218K
Contributions & grants7%$16K
Total revenueLn 12$234K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.82 Operating & administrative $0.18
Grants & contributions paid82%$224K
Operating & administrative18%$50K
Total functional expensesLn 25$273K

Balance Sheet

Part X · end of year
CashLn 1$95K
Total assetsLn 16$3.8M
Total liabilitiesLn 26$0
Total net assetsLn 32$3.8M
Months of cash on handcomputed4.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $3.8M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $234K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $234K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $234K · Prior year $480K
-51%
Revenue CAGR
FY2020 $269K · FY2024 $234K
-3%
Net-asset trend (YoY)
End of year $3.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $234K · Expenses $273K
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $3.8M
—
Net-asset ratio
Net assets $3.8M · Total assets $3.8M
100%
People & payroll
Highest Reported Total Compensation
Individual Paula D Johnson · Reported title TRUSTEE - As required · Highest reported compensation $0 · Total expenses $273K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -51%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$234K revenue · viewing · ⤓ 990 PDF
FY2024$480K revenue · ⤓ 990 PDF
FY2023$241K revenue · ⤓ 990 PDF
FY2022$140K revenue · ⤓ 990 PDF
FY2021$269K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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