Joseph E Rosemarie Corcoran Family Charitable Foundation
- Assets
- $16.6m
- Revenue
- $831.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/1997
- Data as of
- 12/2023
- EIN
- 04-3350462
Organization Overview
Joseph E Rosemarie Corcoran Family Charitable Foundation is located in Boston, MA. The organization was established in 1997. 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. Joseph E Rosemarie Corcoran Family Charitable 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 12/2023, Joseph E Rosemarie Corcoran Family Charitable Foundation generated $831.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (27.4%) each year. All expenses for the organization totaled $745.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Joseph E Rosemarie Corcoran Family Charitable Foundation has awarded 48 individual grants totaling $7,460,929. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT MAKING TO SUPPORT HOUSING AND IMPROVED LIVING CONDITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Connolly Trustee | 1 | $0 | |
Patricia Corcoran Chapple Trustee | 1 | $0 | |
Suzanne Corcoran Early Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $781,601 |
| Dividends & Interest | $0 |
| Net Rental Income | -$66,594 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $831,736 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,248 |
| Depreciation | $6,704 |
| Occupancy | $110,025 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $125 |
| Total operating and administrative expenses | $120,351 |
| Contributions, gifts, grants paid | $625,000 |
| Total expenses and disbursements | $745,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,513,966 |
| 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 | $43,750 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,557,716 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Joseph E Rosemarie Corcoran Family Charitable Foundation has awarded $625,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN IRELAND FUND PURPOSE: PROGRAM SUPPORT | $10,000 |
CAMP HARBORVIEW PURPOSE: PROGRAM SUPPORT | $200,000 |
CATHEDRAL HIGH SCHOOL PURPOSE: PROGRAM SUPPORT | $10,000 |
NATIVITY PREPARATORY SCHOOL NEW BEDFORD INC PURPOSE: PROGRAM SUPPORT | $15,000 |
THE AMERICAN CITY COALITION INC PURPOSE: PROGRAM SUPPORT | $390,000 |