Skip to main content

Nonprofit · EIN 39-1494625

KELBEN FOUNDATION INC

Tax-exempt · MILWAUKEE, WI 53202

Financials

$22.7M$6.3M2023$19.4M$5.7M2024
Revenue Expenses · by fiscal year end
Financials of KELBEN FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$19,443,211$5,681,909$13,761,302$62,688,392$0$62,688,392
December 31, 2023990-PF$22,747,907$6,342,192$16,405,715$55,664,834$0$55,664,834
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$10,811,383
Dividends
$888,864
Net gain from sales of assets
$7,728,556
Other income
$14,408

Expenses

Grants and similar amounts paid
$4,906,979
Compensation of officers, directors and key employees
$135,000
Salaries, compensation and benefits (total)
$249,620
Disbursements for charitable purposes
$5,212,037
Excise tax on investment income
$131,714

Balance sheet and other

Total assets, start of year
$55,664,834
Total assets, end of year
$62,688,392
Total liabilities, end of year
$0
Net assets, end of year
$62,688,392
Fair market value of assets
$92,126,267
Qualifying distributions
$5,212,037
Net investment income
$10,094,990

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
LAURA KELLNER LUECK
13140 GREEN BAY AVENUE, MEQUON, WI 53097
DIRECTOR15$45,000
KRISTIN KELLNER SCHULTZ
6070 NORTH HIGHWAY 83, HARTLAND, WI 53029
DIRECTOR15$45,000
JACK T KELLNER
1344 ALABAMA STREET APT A, SAN FRANCISCO, CA 94110
DIRECTOR15$45,000
MARY T KELLNER
5112 WEST HIGHLAND ROAD, MEQUON, WI 53092
PRES, TREAS, DIRECTOR25$0
TED D KELLNER
5112 WEST HIGHLAND ROAD, MEQUON, WI 53092
V PRES, SECRETARY, DIRECTO20$0
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
LAURA KELLNER LUECK
13140 GREEN BAY AVENUE, MEQUON, WI 53097
DIRECTOR15$40,000
KRISTIN KELLNER SCHULTZ
6070 NORTH HIGHWAY 83, HARTLAND, WI 53029
DIRECTOR15$40,000
JACK T KELLNER
1344 ALABAMA STREET APT A, SAN FRANCISCO, CA 94110
DIRECTOR15$40,000
MARY T KELLNER
5112 WEST HIGHLAND ROAD, MEQUON, WI 53092
PRES, TREAS, DIRECTOR25$0
TED D KELLNER
5112 WEST HIGHLAND ROAD, MEQUON, WI 53092
V PRES, SECRETARY, DIRECTO20$0

Address and contacts

Address (IRS master file)
790 N WATER ST STE 2175, MILWAUKEE, WI 53202-4084
Signed the 990-PF
MARY T KELLNER, PRESIDENT
Phone
(414) 909-9097
Return prepared by
DELOITTE TAX LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
39-1494625
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1984
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$62,688,392
Income (IRS master file)
$20,744,556

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$19,443,211$5,681,909$62,688,392XML
990-TDecember 2024–––IRS
990-PFDecember 2023$22,747,907$6,342,192$55,664,834XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1494625).

Questions about KELBEN FOUNDATION INC

What is the EIN of KELBEN FOUNDATION INC?
The employer identification number (EIN) of KELBEN FOUNDATION INC is 39-1494625.
Is KELBEN FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
Are donations to KELBEN FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does KELBEN FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of KELBEN FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KELBEN FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of KELBEN FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 5 people; 3 received compensation from the organization, the highest $45,000 (LAURA KELLNER LUECK, DIRECTOR).
How much revenue does KELBEN FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $19,443,211, expenses of $5,681,909 and total assets of $62,688,392 at year end.

Other nonprofits in MILWAUKEE

All nonprofits in MILWAUKEE · Wisconsin