Oconnell Family Foundation Inc
- Assets
- $3.6m
- Revenue
- $513.4k
- Investments
- $3.4m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 03/1994
- Data as of
- 11/2023
- EIN
- 13-3745912
Organization Overview
Oconnell Family Foundation Inc is located in Greenwich, CT. The organization was established in 1994. 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. Oconnell Family Foundation Inc 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 11/2023, Oconnell Family Foundation Inc generated $513.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $1.8m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Oconnell Family Foundation Inc has awarded 71 individual grants totaling $2,367,648. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel S O'connell President | 0 | $0 | |
Gloria P O'connell Vice President | 0 | $0 | |
Carly O'connell Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $585,264 |
| Interest on Savings | $15,406 |
| Dividends & Interest | $132,118 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$219,493 |
| Capital Gain Net Income | $354,312 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $59 |
| Total Revenue | $513,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,271 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,188 |
| Total operating and administrative expenses | $27,459 |
| Contributions, gifts, grants paid | $1,742,525 |
| Total expenses and disbursements | $1,769,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,558 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $28,260 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,611,648 |
| 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, Oconnell Family Foundation Inc has awarded $1,742,525 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BROWN UNIVERSITY PURPOSE: CASH CONTRIBUTIONS - TO AID THE DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTIONS. | $1,025,000 |
CARDINAL HAYES HIGH SCHOOL PURPOSE: CASH CONTRIBUTIONS - TO AID THE DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTIONS. | $10,000 |
CARDINAL SPELLMAN HIGH SCHOOL PURPOSE: CASH CONTRIBUTIONS - TO AID THE DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTIONS. | $620,000 |
MARTHA'S VINEYARD PRESERVATION TRUST PURPOSE: CASH CONTRIBUTIONS - TO AID THE DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTIONS. | $2,125 |
MV COMMUNITY SERVICE PURPOSE: CASH CONTRIBUTIONS - TO AID THE DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTIONS. | $500 |
YMCA MARTHA'S VINEYARD PURPOSE: CASH CONTRIBUTIONS - TO AID THE DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTIONS. | $20,000 |