Flatley Foundation
- Assets
- $730.5m
- Revenue
- $65.8m
- Investments
- $646.7m
- Employees
- 0
- Location
- Braintree, MA
- Founding
- 06/2000
- Data as of
- 12/2021
- 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.
For the year ending 12/2021, Flatley Foundation generated $65.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 26.2% each year . All expenses for the organization totaled $29.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Flatley Foundation has awarded 291 individual grants totaling $42,326,133. 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
2021
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 |
|---|---|---|
Clough Capital Partners Lp | 12/30/21 | $2,893,700 |
Fmc Llc | 12/30/21 | $1,166,396 |
Andersen | 12/30/21 | $246,981 |
Elmore Patent Law Group | 12/30/21 | $127,805 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $467,859 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,601,946 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,455,635 |
| Capital Gain Net Income | $46,707,001 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,254,927 |
| Total Revenue | $65,780,367 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $871,660 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61,688 |
| Total operating and administrative expenses | $5,526,335 |
| Contributions, gifts, grants paid | $23,868,800 |
| Total expenses and disbursements | $29,395,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $83,425,912 |
| 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 | $247,571,639 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $333,332 |
| Total assets | $730,489,671 |
| Accounts payable and accrued expenses | $30,726 |
| 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 | $30,726 |
Grants Awarded
Over the last fiscal year, Flatley Foundation has awarded $23,868,800 in support to 148 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHDIOCESE OF BOSTON PURPOSE: UNRESTRICTED | $1,130,000 |
AMERICARES INC PURPOSE: UNRESTRICTED | $1,000,000 |
Los Angeles, CA PURPOSE: UNRESTRICTED | $1,000,000 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: UNRESTRICTED | $1,000,000 |
AMERICARES INC PURPOSE: EL SALVADOR CLINIC & SAFE SURGERY | $600,000 |
ARCHDIOCESE OF BOSTON PURPOSE: REGINA CLERI RETIREMENT FUND | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Zoom Foundation Greenwich, CT | $956,305,373 | $176,914,821 |
Fidelity Foundation Boston, MA | $2,530,107,332 | $803,389,715 |
Klarman Family Foundation Boston, MA | $754,784,032 | $145,872,662 |
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |