Kenneth L Kellar Foundation FY2024 filing

Tax-deductible

Aitkin, MN501(c)(3)EIN 91-1425050Revenue $290K in FY2024

On file with the IRS312 Minnesota Avenue North Suite 2, 56431-1414 · Aitkin, MNTax-exempt since Apr 1991Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2024 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $53K a year · 19% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
990-PF Pt I · 6 filings
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$580K
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$290K
+2% vs prior year
Spent
$316K
Net assets
$555K
By yearFY2020–FY2025
Revenue
$290K
FY2024▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$265K
FY2021$268K
FY2022$268K
FY2023$284K
FY2024$290K
FY2025$280K
Expenses
$316K
FY2024▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$298K
FY2021$316K
FY2022$353K
FY2023$346K
FY2024$316K
FY2025$342K
Net assets
$555K
FY2024▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$795K
FY2021$747K
FY2022$663K
FY2023$600K
FY2024$555K
FY2025$514K

From the FY2024 Form 990 (year ending September 2024) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 5% · $17K Operating & administrative 95% · $299K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990-PF.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
Secretary/Treasury
$0Pt VII · Sec A
See Kenneth L Kellar Foundation executive salaries →

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Programs and updates

A private foundation based in Aitkin, MN.

Questions for Kenneth L Kellar Foundation

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 14 grants · $14K · 2024–2024
Scholarship America INC - Aitkin Area Dollar for ScholarsFY2024$5,000
Aitkin Public SchoolsFY2024$1,500
Minnesota Deer Hunters AssociationFY2024$1,350
Society of St Vincent De PaulFY2024$1,000
Knights of Columbus Council 3473FY2024$1,000
Aitkin Quarterbacks ClubFY2024$750
Individual RecipientFY2024$500
Alzheimers AssociationFY2024$500
Aitkin Public SchoolsFY2024$500
Aitkin Public SchoolsFY2024$500
University of Minnesota - Aitkin County 4hFY2024$450
Individual RecipientFY2024$300
Individual RecipientFY2024$100
Tunnel to Towers FoundationFY2024$100

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$968
Median grantPart XV$500
Largest grantPart XV$5K

By the numbers

The FY2024 990-PF, line by line.

1The main four
Money in
$290K
Other income$274K
Investment income$16K
Money out
$316K
Grants paid$17K
Running costs$299K
Owns and owes
$555K
net assets
Cash and savings$59K
Total assets$1.1M
Liabilities$580K
People
2
listed
Paid0
2In more detail
Revenue in detail
Investment income$16K
Other income$274K
Total revenue$290K
Assets in detailEnd of year
Cash and savings together$59K
Total assets$1.1M
Liabilities$580K
Net assets$555K
Operations
Fiscal year endsSeptember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $280K$342K−$62K$514K 990 PDF
FY2024 Viewing $290K$316K−$26K$555K 990 PDF
FY2023 $284K$346K−$62K$600K 990 PDF
FY2022 $268K$353K−$85K$663K 990 PDF
FY2021 $268K$316K−$48K$747K 990 PDF
FY2020 $265K$298K−$33K$795K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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