Kelcurt Foundation INC EIN 83-0558576

Kelcurt Foundation INC

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Kelcurt Foundation INC is a community improvement nonprofit based in Soddy Daisy, TN, formed in 2023. For fiscal year 2025 it reported $196K in revenue, $164K in expenses, and $82K in net assets.Pt I

Founded
2023
Type
Public charity (501(c)(3)) · Community Development
Location
Soddy Daisy, TN
Filings
6 on file (2020–2025)
Revenue
$196KFY2025
Expenses
$164K
Net assets
$82K
People
1
Filings
6
Updates
0
More identity details & actions ⌄
EIN  83-0558576 Public charity (501(c)(3)) Soddy Daisy, TN Founded 2023
Form 990 (PDF)
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Size
$100K–1M
What they do
a community improvement nonprofit
Leadership
Money in and out
$196K revenue, $164K expenses
Bottom line
37% program efficiency
Where the money goes · FY2025
Total revenue
$196K
Pt VIII · Ln 12
Total expenses
$164K
Pt IX · Ln 25
Net assets
$82K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $31K
Where spending went · Part IX cols B–D
Program services $0.37 Management & general $0.63
Program efficiency
37%
of spending reaches programs
Operating runway
5.1mo
months of highly liquid reserves at operating expense rate▲ +42% vs prior filing year
Surplus margin
+16%
revenue over expenses, this year▲ +204% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$196K
FY2025▲ +34%
Total revenue
$196K
Pt VIII · Ln 12
Total expenses
$164K
Pt IX · Ln 25
Net assets
$82K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$31K
Total assetsPt X · Ln 16$91K
Program-expense ratioPt IX · col B37%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

2 program services account for $60K of program spending, described in the organization's own filed words · FY2025.
01

Literacy programming

$58Kprogram expense
02

Food sustainability

$2Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKelcurt Foundation INC
EINHdr · item D83-0558576
Principal addressHdr · item CSoddy Daisy, TN
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2023
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S99)
Ruling yearIRS BMFJul 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A

Curtis Cecil’s $21K as Agriculture & Economic Development Coordinator is at the 11th percentile of top reported officer pay among 1711 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Curtis Cecil$20,731$16,019$13,192$1,885$1,500
Kevlin Flemings$20,731$16,019$13,192$1,885$1,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$174K · 89%
Other revenue$20K · 10%
Investment income$1K · 1%
Contributions & grants89%$174K
Other revenue10%$20K
Investment income1%$1K
Total revenueLn 12$196K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.37 Management & general $0.63
Program services37%$60K
Management & general63%$104K
Total functional expensesLn 25$164K

Balance Sheet

Part X · end of year
CashLn 1$70K
Total assetsLn 16$91K
Total liabilitiesLn 26$8K
Total net assetsLn 32$82K
Months of cash on handcomputed5.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $70K · Operating expenses/yr $164K
5.1 months
Where the money goes
Program services
Program services $60K · Total expenses $164K
37%
Management & General
Management & general $104K · Total expenses $164K
63%
Fundraising
Fundraising $0 · Total expenses $164K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $174K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $174K · Total revenue $196K
89%
Government reliance
Government grants — · Total revenue $196K
Earned-income share
Program service revenue $0 · Total revenue $196K
0%
Investment reliance
Investment income $1K · Total revenue $196K
+0.6%
Program self-sufficiency
Program service revenue $0 · Total expenses $164K
0%
Growth & trend
Revenue growth (YoY)
This year $196K · Prior year $146K
+34%
Revenue CAGR
FY2020 $38K · FY2025 $196K
+39%
Net-asset trend (YoY)
End of year $82K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $196K · Expenses $164K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $91K
Net-asset ratio
Net assets $82K · Total assets $91K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $91K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual None · Reported title None · Highest reported compensation $0 · Total expenses $164K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $79K · Total expenses $164K
48%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 37%
Overhead ratio 63%
Revenue growth 34%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

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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)$196K revenue · viewing · ⤓ 990 PDF
FY2024$146K revenue · ⤓ 990 PDF
FY2023$126K revenue · ⤓ 990 PDF
FY2022$108K revenue · ⤓ 990 PDF
FY2021$50K revenue · ⤓ 990 PDF
FY2020$38K 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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