Flatley Foundation
- Assets
- $680.7m
- Revenue
- -$15.5m
- Investments
- $619.5m
- Employees
- 0
- Location
- Braintree, MA
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 04-2763837
Organization Overview
Flatley Foundation is located in Braintree, MA. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flatley Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Flatley Foundation has awarded 446 individual grants totaling $72,920,133. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FLATLEY DISCOVERY LAB IS A BRANCH OF THE FLATLEY FOUNDATION, CREATED TO CARRY OUT CHARITABLE ACTIVITIES OF THE FLATLEY FOUNDATION. THE FLATLEY DISCOVERY LAB CONDUCTS IN-HOUSE RESEARCH FOR THE PURPOSE OF DISCOVERING A CURE FOR CYSTIC FIBROSIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John J Flatley Trustee | 20 | $0 | |
Daniel T Flatley Trustee | 20 | $0 | |
Mary Margaret Darling Trustee | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Andersen | 12/30/22 | $235,931 |
Clough Capital Partners Lp | 12/30/22 | $1,706,940 |
Fmc Llc | 12/30/22 | $1,152,477 |
Elmore Patent Law Group | 12/30/22 | $61,894 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,376,820 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$30,344,271 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,509,419 |
| Total Revenue | -$15,458,032 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $346,614 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,115 |
| Total operating and administrative expenses | $3,708,537 |
| Contributions, gifts, grants paid | $30,594,000 |
| Total expenses and disbursements | $34,302,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $60,901,806 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $197,280,060 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $365,075 |
| Total assets | $680,733,810 |
| Accounts payable and accrued expenses | $35,434 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $35,434 |
Grants Awarded
Over the last fiscal year, Flatley Foundation has awarded $30,594,000 in support to 155 organizations.
| Grant Recipient | Amount |
|---|---|
ANGEL FUND INC PURPOSE: UNRESTRICTED | $250,000 |
BETH ISRAEL DEACONESS MEDICAL CENTER PURPOSE: CHAPLAIN POSITION | $65,000 |
AMERICARES INC PURPOSE: UKRAINE CRISIS | $500,000 |
AMERICARES INC PURPOSE: EL SALVADOR CLINIC & SAFE SURGERY | $600,000 |
BISHOP FENWICK HIGH SCHOOL PURPOSE: SCHOLARSHIP SUPPORT | $100,000 |
BOSTON GLOBE FOUNDATION PURPOSE: UNRESTRICTED | $50,000 |