Civic Intelligence

Liam and Reece Kelly Foundation Inc.

EIN 86-3016343 • 501(c)3 • Carmel, IN

Pub. 78 Eligible990-N Coverage

Profile

Provide Scholarships to Westfield High School cross country and track and field athletes

15048 Glenmoore CircleCarmel, IN 46033

liamandreecekellyfoundation.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2025

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2025

Net Margin

11th percentile

-78%

Higher net margin than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

35th percentile

-16%

Faster asset growth than 35% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

30th percentile

-25%

Faster revenue growth than 30% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$95,151

Down $18,096 (-16%) from 2024

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$95,151

Down $18,096 (-16%) from 2024

Operations
Liabilities / RevenueScore unavailableNet Margin11th percentile

Revenue

Down

$23,332

Down $7,601 (-25%) from 2024

Expenses

Up

$41,428

Up $18,158 (+78%) from 2024

Net Income

Down

-$18,096

Down $25,759 (-336%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth35th percentile

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

$150K$100K$50K$0Assets 2021: $91,773Net Assets 2021: $91,7732021Assets 2022: $104,617Liabilities 2022: $0Net Assets 2022: $104,6172022Assets 2023: $105,584Net Assets 2023: $105,5842023Assets 2024: $113,247Net Assets 2024: $113,2472024Assets 2025: $95,151Net Assets 2025: $95,1512025

Highlighted filing

2025

Assets$95,151
Liabilities-
Net Assets$95,151
Open 2025 Filing

Operations Trend

Revenue Growth30th percentile

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

$150K$100K$50K$0-$50KRevenue 2021: $110,699Expenses 2021: $18,926Net Income 2021: $91,7732021Revenue 2022: $57,880Expenses 2022: $45,036Net Income 2022: $12,8442022Revenue 2023: $45,545Expenses 2023: $44,727Net Income 2023: $8182023Revenue 2024: $30,933Expenses 2024: $23,270Net Income 2024: $7,6632024Revenue 2025: $23,332Expenses 2025: $41,428Net Income 2025: -$18,0962025

Highlighted filing

2025

Revenue$23,332
Expenses$41,428
Net Income-$18,096
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$95,151
Liabilities
-
Net assets
$95,151
Revenue
$23,332
Expenses
$41,428
Net income
-$18,096
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.95$0.95$0.23$0.41$0.18
2024Detailed filing. Detailed filing data is available for this year.$1.13$1.13$0.31$0.23$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.06$1.06$0.46$0.45$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.58$0.45$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.92$0.92$1.11$0.19$0.92
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Feb 28, 2026
Return Version
2025v4.0
Gross Receipts
$23,332
Mission and Program Overview

Mission

Providing scholarships to westfield high school cross country and track athletes.

Program Services

DescriptionGrantsExpenses
PROVIDING SCHOLARSHIPS TO WESTFIELD HIGH SCHOOL CROSS COUNTRY AND TRACK ATHLETES.-$41,428
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KESHA KELLYPresidentPT$0--
PATRICK KELLYVPPT$0--
DON HAHNTreasurerPT$0--
AARON SHERRICKSecretaryPT$0--
DAVE DECRAENEDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
The Liam and Reece Kelly
EIN
86-3016343
Phone
7654323301
Address
15048 GLENMOORE CIRCLE, CARMEL, IN 46033

Signing Officer

Name
Patrick Kelly
Title
VP
Phone
7654323301
Signed
2026-02-28

Preparer

Firm
Schaaf CPA Group LLC
Address
110 N UNION ST, WESTFIELD, IN 46074
Preparer
John Schaaf CPA
Phone
3178675427
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses advertising 251 insurance 233 scholarships 35,000 event expenses 5,354 total 40,838”

Form 990-ez, Part III

“Providing scholarships to westfield high school cross country and track athletes.”

Raw XML Appendix141 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/PersonNm0PATRICK KELLY
IRS990EZ/BooksInCareOfDetail/PhoneNum07654323301
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt015048 GLENMOORE CIRCLE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CARMEL
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd046033
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0113247
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt095151
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt07751
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-18096
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0590
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0113247
IRS990EZ/Form990TotalAssetsGrp/EOYAmt095151
IRS990EZ/GrossReceiptsAmt023332
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0113247
IRS990EZ/NetAssetsOrFundBalancesEOYAmt095151
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0113247
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt095151
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt35.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt45.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KESHA KELLY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1PATRICK KELLY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DON HAHN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3AARON SHERRICK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DAVE DECRAENE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VP
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt040838
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROVIDING SCHOLARSHIPS TO WESTFIELD HIGH SCHOOL CROSS COUNTRY AND TRACK ATHLETES.
IRS990EZ/ProgramServiceRevenueAmt015581
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDING SCHOLARSHIPS TO WESTFIELD HIGH SCHOOL CROSS COUNTRY AND TRACK ATHLETES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt041428
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IN
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt041428
IRS990EZ/TotalProgramServiceExpensesAmt041428
IRS990EZ/TotalRevenueAmt023332
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0LIAMANDREECEKELLYFOUNDATION.ORG
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt07751
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt05250
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt045545
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt057880
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0110699
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0227125
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0819
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0819
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt015581
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt024864
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt040445
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0819
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0819
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99690
IRS990ScheduleA/PublicSupportPY509Pct00.99670
IRS990ScheduleA/PublicSupportTotal509Amt0267570
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt023332
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt030114
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt045545
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt057880
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0110699
IRS990ScheduleA/Total509Grp/TotalAmt0267570
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt023332
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt030933
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt045545
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt057880
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0110699
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0268389
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 251 INSURANCE 233 SCHOLARSHIPS 35,000 EVENT EXPENSES 5,354 TOTAL 40,838
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROVIDING SCHOLARSHIPS TO WESTFIELD HIGH SCHOOL CROSS COUNTRY AND TRACK ATHLETES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICK KELLY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP
ReturnHeader/BusinessOfficerGrp/PhoneNum07654323301
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-02-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE LIAM AND REECE KELLY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LIAM
ReturnHeader/Filer/EIN0863016343
ReturnHeader/Filer/PhoneNum07654323301
ReturnHeader/Filer/USAddress/AddressLine1Txt015048 GLENMOORE CIRCLE
ReturnHeader/Filer/USAddress/CityNm0CARMEL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046033
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261329302
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHAAF CPA GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0110 N UNION ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046074
ReturnHeader/PreparerPersonGrp/PhoneNum03178675427
ReturnHeader/PreparerPersonGrp/PreparationDt02026-03-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN SCHAAF CPA
ReturnHeader/ReturnTs02026-03-20T10:12:15-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

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