Nonprofit · EIN 76-0637670
KELSEY RESEARCH FOUNDATION
Tax-exempt · HOUSTON, TX 77005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,591,902 | $3,723,915 | -$132,013 | $10,484,334 | $707,297 | $9,777,037 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,114,433
- Program service revenue
- $1,911,479
- Investment income
- $559,620
- Net gain from sales of assets
- $217,403
- Net income from fundraising events
- $6,370
- Other revenue
- $6,370
Expenses
- Grants and similar amounts paid
- $136,457
- Compensation of officers, directors and key employees
- $396,715
- Other salaries and wages
- $1,786,021
- Salaries, compensation and benefits (total)
- $2,558,926
- Professional fundraising fees
- $0
- Accounting fees
- $51,536
- Occupancy
- $156,788
- Depreciation
- $4,934
- Program services (functional)
- $2,799,009
- Management and general (functional)
- $616,584
- Fundraising (functional)
- $308,322
Balance sheet and other
- Total assets, start of year
- $10,456,386
- Total assets, end of year
- $10,484,334
- Total liabilities, end of year
- $707,297
- Net assets, end of year
- $9,777,037
- Land, buildings and equipment
- $9,453
- Publicly traded securities
- $8,535,116
- Net assets without donor restrictions
- $8,644,974
- Net assets with donor restrictions
- $1,132,063
- Gross receipts
- $9,682,629
- Employees
- 25
- Volunteers
- 22
- Year formed
- 1956
- State of legal domicile
- TX
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Ashley Alexander | President and CEO Trustee or director, Officer | 50 | $225,497 | $39,120 |
| Tara McNeill | Senior Director, Dev & Comms Highest-paid employee | 40 | $161,564 | $18,331 |
| John Valenta | Senior Director, Research Highest-paid employee | 40 | $146,467 | $32,570 |
| Herbert DuPont MD | Chief Scientific Officer Trustee or director, Officer | 20 | $124,622 | $7,475 |
| Jonathan Nelson MD | Chair Trustee or director, Officer | 0.5 | $0 | $0 |
| Robert Weir Kelsey | Vice Chair Trustee or director, Officer | 0.25 | $0 | $0 |
| Michael Newmark MD | Medical Director Trustee or director, Officer | 4 | $0 | $0 |
| John Wilson Kelsey | Chair Emeritus Trustee or director | 0.25 | $0 | $0 |
| Donald Aga MD | Member Trustee or director | 0.25 | $0 | $0 |
| Spencer Berthelsen MD | Member Trustee or director | 0.25 | $0 | $0 |
| Cherise Conley-Harvey MD | Member Trustee or director | 0.25 | $0 | $0 |
| Benjamin Dillon MD | Member Trustee or director | 0.25 | $0 | $0 |
| William Kelsey | Member Trustee or director | 0.25 | $0 | $0 |
| Tony Lin MD | Member Trustee or director | 0.25 | $0 | $0 |
| John Lyle | Member Trustee or director | 0.5 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ron Millard | Member Trustee or director | 0.25 | $0 |
| Amanda Mount | Member Trustee or director | 0.5 | $0 |
| Jeffrey Parsons | Member Trustee or director | 0.25 | $0 |
| Sunil Patel MD | Member Trustee or director | 0.25 | $0 |
| Victor Simms MD | Member Trustee or director | 0.25 | $0 |
| Victoria Smith | Member Trustee or director | 0.5 | $0 |
| Ned Snyder MD | Member Trustee or director | 0.25 | $0 |
| Katherine Stacy | Member Trustee or director | 0.25 | $0 |
| Keith Williams | Member Trustee or director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 5615 KIRBY DR STE 660, HOUSTON, TX 77005-2489
- In care of
- % ASHLEY ALEXANDER
- Principal officer (990 for 2024)
- Ashley Alexander MHSA, 5615 Kirby Drive 660, Houston, TX 77005
- Signed the 990
- Ashley Alexander MHSA, President and CEO
- Phone
- (713) 239-4573
- Website
- www.kelseyresearch.com
- Return prepared by
- Blazek & Vetterling
Mission
Kelsey Research Foundation (KRF) was founded in 1956 for the purpose of encouraging and assisting research and education programs in the field of medicine.
Program accomplishments
- Kelsey Research Foundation leads and implements research within the greater Houston community through collaborations with other organizations, including academic and non-profit institutions in the Texas Medical Center and throughout the United States. KRF also provides education programs to help with disease prevention, brain health, and cancer survivorship. Additionally, KRF supports education of medical professionals through lectures and awards for emerging researchers.Expenses $1,542,670 · grants $136,457 · revenue $1,286,548
- Kelsey Research Foundation leads and implements clinical trials sponsored by pharmaceutical industry representatives. The goal of KRF is to make these trials more accessible by bringing them into the greater Houston community. In 2024, KRF served approximately 2,000 research participants.Expenses $932,799 · revenue $624,931
- The Crump Cancer Center at Kelsey Research Foundation focuses on cancer specific research and education. Through this Center, KRF collaborates, leads, and implements research initiatives focused on prevention and early detection of cancer. In addition, KRF oversees a cancer registry of over 40,000 cases.Expenses $323,540
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 76-0637670
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Voluntary health associations and medical disciplines (G129)
- Assets (IRS master file)
- $10,484,334
- Income (IRS master file)
- $9,682,629
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,591,902 | $3,723,915 | $10,484,334 | XML |
| 990 | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $2,811,248 | $2,419,840 | $9,706,530 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 76-0637670).
Questions about KELSEY RESEARCH FOUNDATION
- What is the EIN of KELSEY RESEARCH FOUNDATION?
- The employer identification number (EIN) of KELSEY RESEARCH FOUNDATION is 76-0637670.
- Is KELSEY RESEARCH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to KELSEY RESEARCH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KELSEY RESEARCH FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KELSEY RESEARCH FOUNDATION 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 KELSEY RESEARCH FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KELSEY RESEARCH FOUNDATION?
- The 990 for the year ended December 31, 2024 names Ashley Alexander MHSA.
- Who are the officers and directors of KELSEY RESEARCH FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 24 people; 4 received compensation from the organization, the highest $225,497 (Ashley Alexander, President and CEO).
- How much revenue does KELSEY RESEARCH FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,591,902, expenses of $3,723,915 and total assets of $10,484,334 at year end.
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