Donovan Family Foundation
- Assets
- $1.2m
- Revenue
- $258.4k
- Investments
- $1.2m
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 02/2002
- Data as of
- 12/2022
- EIN
- 04-3584922
Organization Overview
Donovan Family Foundation is located in Wellesley, MA. The organization was established in 2002. 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. Donovan Family 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 12/2022, Donovan Family Foundation generated $258.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $476.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Donovan Family Foundation has awarded 67 individual grants totaling $2,070,254. 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
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Donovan Trustee | 5 | $0 | |
Beverly A Donovan Trustee | 5 | $0 | |
James P Donovan Trustee | 5 | $0 | |
Thidie Delaine Donovan Trustee | 5 | $0 | |
Michael R Donovan Trustee | 5 | $0 | |
Karen M Donovan Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $259,480 |
| Interest on Savings | $494 |
| Dividends & Interest | $28,503 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$30,073 |
| Capital Gain Net Income | $22,809 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $258,404 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,392 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,941 |
| Total operating and administrative expenses | $16,733 |
| Contributions, gifts, grants paid | $460,000 |
| Total expenses and disbursements | $476,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,663 |
| Savings and temporary cash investments | $0 |
| 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 | $1,213,199 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,244,862 |
| 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, Donovan Family Foundation has awarded $460,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BREAD OF LIFE INC PURPOSE: UNRESTRICTED | $85,000 |
CHEVERUS CATHOLIC SCHOOL PURPOSE: UNRESTRICTED | $50,000 |
CATHOLIC SCHOOLS FOUNDATION PURPOSE: UNRESTRICTED | $25,000 |
JOEY FUND PURPOSE: UNRESTRICTED | $10,000 |
INDIANA YOUTH SERVICE ASSOCIATION PURPOSE: UNRESTRICTED | $25,000 |
MALDEN CATHOLIC HIGH SCHOOL PURPOSE: UNRESTRICTED | $175,000 |