Civic Intelligence

Kelley Professorship Trust 25255390

EIN 41-6053438 • 4947(a)1 • Milwaukee, WI

Profile

Support william mitchell college of law by covering the salary of one fulltime instructor

PO Box 0634Milwaukee, WI 53201-0634
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

4947(a)1 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

4947(a)1 • <$500k nonprofits • Source year 2024

Net Margin

17th percentile

-89%

Higher net margin than 17% of similar nonprofits.

4947(a)1 • <$500k nonprofits • Source year 2024

Top Officer Pay

96th percentile

$10,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 33.5% of source-year revenue.

4947(a)1 • <$500k nonprofits • Source year 2024

Asset Growth

27th percentile

-6.6%

Faster asset growth than 27% of similar nonprofits.

4947(a)1 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

100th percentile

2129%

Faster revenue growth than 100% of similar nonprofits.

4947(a)1 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$376,538

Down $84,648 (-18%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$376,538

Down $84,648 (-18%) from 2022

Operations
Liabilities / Revenue92nd percentileNet Margin17th percentile

Revenue

Down

$29,872

Down $59,158 (-66%) from 2022

Expenses

Down

$56,498

Down $4,263 (-7.0%) from 2022

Net Income

Down

-$26,626

Down $54,895 (-194%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth27th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2010: $497,051Liabilities 2010: $16Net Assets 2010: $497,0352010Assets 2011: $471,523Liabilities 2011: $0Net Assets 2011: $471,5232011Assets 2012: $455,438Liabilities 2012: $0Net Assets 2012: $455,4382012Assets 2013: $525,258Liabilities 2013: $177Net Assets 2013: $525,0812013Assets 2016: $581,760Liabilities 2016: $0Net Assets 2016: $581,7602016Assets 2017: $558,911Liabilities 2017: $0Net Assets 2017: $558,9112017Assets 2018: $547,072Liabilities 2018: $0Net Assets 2018: $547,0722018Assets 2019: $501,138Liabilities 2019: $0Net Assets 2019: $501,1382019Assets 2020: $454,860Liabilities 2020: $0Net Assets 2020: $454,8602020Assets 2021: $433,082Liabilities 2021: $0Net Assets 2021: $433,0822021Assets 2022: $461,186Liabilities 2022: $0Net Assets 2022: $461,1862022Assets 2024: $376,538Liabilities 2024: $0Net Assets 2024: $376,5382024

Highlighted filing

2024

Assets$376,538
Liabilities$0
Net Assets$376,538
Open 2024 Filing

Operations Trend

Revenue Growth100th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50K-$100KExpenses 2010: $45,2502010Expenses 2011: $40,4072011Expenses 2012: $43,3952012Revenue 2013: $115,795Expenses 2013: $46,152Net Income 2013: $69,6432013Revenue 2016: $17,862Expenses 2016: $69,250Net Income 2016: -$51,3882016Revenue 2017: $45,865Expenses 2017: $68,705Net Income 2017: -$22,8402017Revenue 2018: $53,970Expenses 2018: $65,058Net Income 2018: -$11,0882018Revenue 2019: $17,647Expenses 2019: $63,515Net Income 2019: -$45,8682019Revenue 2020: $16,419Expenses 2020: $62,688Net Income 2020: -$46,2692020Revenue 2021: $40,596Expenses 2021: $62,372Net Income 2021: -$21,7762021Revenue 2022: $89,030Expenses 2022: $60,761Net Income 2022: $28,2692022Revenue 2024: $29,872Expenses 2024: $56,498Net Income 2024: -$26,6262024

Highlighted filing

2024

Revenue$29,872
Expenses$56,498
Net Income-$26,626
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$376,538
Liabilities
$0
Net assets
$376,538
Revenue
$29,872
Expenses
$56,498
Net income
-$26,626
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.77$0.00$3.77$0.30$0.56$0.27
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.61$0.00$4.61$0.89$0.61$0.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.33$0.00$4.33$0.41$0.62$0.22
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.55$0.00$4.55$0.16$0.63$0.46
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.01$0.00$5.01$0.18$0.64$0.46
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.47$0.00$5.47$0.54$0.65$0.11
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.59$0.00$5.59$0.46$0.69$0.23
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.82$0.00$5.82$0.18$0.69$0.51
2013Detailed filing. Detailed filing data is available for this year.$5.25$0.00$5.25$1.16$0.46$0.70
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.55$0.00$4.55$0.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.72$0.00$4.72$0.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.97$0.00$4.97$0.45
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.1
Gross Receipts
$66,273
Mission and Program Overview

Mission

Support william mitchell college of law by covering the salary of one fulltime instructor

Program Services

DescriptionGrantsExpenses
PAYMENT TO WILLIAM MITCHELL COLLEGE OF LAW AS REQUIRED BY THE KELLEY PROFESSORSHIP TRUST$45,279$45,279
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
-Trustee-$10,000-$10,000
Governance and Compliance

Governance Explanations

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8B

“There are no committees with authority to act on behalf of the governing body”

Form 990, Page 6, Part VI, Line 11-description of Process for Review

“No review has been or will be conducted”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Kelley Professorship Trust
EIN
41-6053438
Phone
8882657692
Address
PO BOX 0634, MILWAUKEE, WI 53201-0634

Signing Officer

Name
U S Bank N a by
Title
Trustee
Phone
8882657692
Signed
2025-05-07
Discuss with paid preparer
Yes

Preparer

Firm
Pwc US Tax Llp
Address
301 GRANT STREET 45TH FLOOR, PITTSBURGH, PA 15219
Preparer
Allison J Valenty
Phone
4123556000
Supplemental Narrative

Additional Explanations

Explanation for Form 990, Part XI, Line 9

“ROUNDING $2”

Form 990-EZ, Part I, Line 8

“OTHER INCOME 7”

Form 990-EZ, Part I, Line 10

“Mitchell hamline school of law 875 summit ave st paul mn 55105-3030 45279 0 0 0 0 salary for one full-time instructor 0 0 none”

Form 990-EZ, Part I, Line 16

“Foreign taxes paid 444 state filing fee/tax 25”

Form 990-EZ, Part II, Line 24

“000000000 miscellaneous entry 1108”

Raw XML Appendix158 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0US BANK NA
IRS990EZ/BooksInCareOfDetail/PhoneNum08882657692
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0800 NICOLLETT MALL
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MINNEAPOLIS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd055402
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0401993
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0375430
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOrOtherBasisExpenseSaleAmt036401
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-26626
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0750
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0403164
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0376538
IRS990EZ/GainOrLossFromSaleOfAssetsAmt013779
IRS990EZ/GrantsAndSimilarAmountsPaidAmt045279
IRS990EZ/GrossReceiptsAmt066273
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt016086
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0403164
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0376538
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0403164
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0376538
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/BusinessName/BusinessNameLine1Txt0US BANK NA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt010000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TRUSTEE
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization4947a1NotPFInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt01171
IRS990EZ/OtherAssetsTotalDetail/EOYAmt01108
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0469
IRS990EZ/OtherRevenueTotalAmt07
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0SUPPORT WILLIAM MITCHELL COLLEGE OF LAW BY COVERING THE SALARY OF ONE FULLTIME INSTRUCTOR
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PAYMENT TO WILLIAM MITCHELL COLLEGE OF LAW AS REQUIRED BY THE KELLEY PROFESSORSHIP TRUST
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt045279
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt045279
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt010000
IRS990EZ/SaleOfAssetsGrossAmt050180
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MN
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt056498
IRS990EZ/TotalProgramServiceExpensesAmt045279
IRS990EZ/TotalRevenueAmt029872
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt00
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt00
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt00
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0410518750
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt045279
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0WILLIAM MITCHELL COL LAW
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt045279
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW HAS BEEN OR WILL BE CONDUCTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ROUNDING $2
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER INCOME 7
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MITCHELL HAMLINE SCHOOL OF LAW 875 SUMMIT AVE ST PAUL MN 55105-3030 45279 0 0 0 0 SALARY FOR ONE FULL-TIME INSTRUCTOR 0 0 NONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FOREIGN TAXES PAID 444 STATE FILING FEE/TAX 25
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7000000000 MISCELLANEOUS ENTRY 1108
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3EXPLANATION FOR FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990-EZ, Part II, Line 24
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0U S BANK N A BY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum08882657692
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KELLEY PROFESSORSHIP TRUST
ReturnHeader/Filer/BusinessNameControlTxt0KELL
ReturnHeader/Filer/EIN0416053438
ReturnHeader/Filer/PhoneNum08882657692
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 0634
ReturnHeader/Filer/USAddress/CityNm0MILWAUKEE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd0532010634
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0920460586
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PWC US TAX LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0301 GRANT STREET 45TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PITTSBURGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd015219
ReturnHeader/PreparerPersonGrp/PhoneNum04123556000
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALLISON J VALENTY
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-05-09T14:01:29-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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