The Neely Family Foundation
- Assets
- $1.3m
- Revenue
- $199.3k
- Investments
- $1.2m
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 13-3932914
Organization Overview
The Neely Family Foundation is located in Charlottesville, VA. The organization was established in 1997. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neely 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, Neely Family Foundation generated $199.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $68.3k during the year ending 12/2022. While expenses have increased by 4.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Neely Family Foundation has awarded 31 individual grants totaling $399,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John S Chalsty Dist. Committee | 0 | $0 | |
Jennifer A Chalsty Dist. Committee | 0 | $0 | |
Susan C Neely Dist. Committee | 0 | $0 | |
Deborah A Chalsty Dist. Committee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,595 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $159,667 |
| Capital Gain Net Income | $159,667 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $199,292 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,791 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,752 |
| Total operating and administrative expenses | $13,293 |
| Contributions, gifts, grants paid | $55,000 |
| Total expenses and disbursements | $68,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,456 |
| 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 | $74,339 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,294,965 |
| 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, The Neely Family Foundation has awarded $55,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OUR HOUSE FOUNDATION PURPOSE: GENERAL | $10,000 |
JUVENILE DIABETES PURPOSE: GENERAL | $5,000 |
SOUTH CAROLINA AQUARIUM PURPOSE: GENERAL | $20,000 |
ALS ASSOCIATION PURPOSE: GENERAL | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of Kyowva Area Inc Huntington, WV | $12,223,546 | $9,680,999 |
Memphis Goodwill Industries Inc Memphis, TN | $1,396,918 | $5,143,533 |
Rappahannock Goodwill Industries Fredericksburg, VA | $23,955,876 | $3,756,961 |
Re-Store Warehouse Inc Fayetteville, NC | $216,290 | $803,382 |
Northern Kentucky Presbyterian Housing Coporation Covington, KY | $730,059 | $242,280 |
Real-Life Works Incorporated Raleigh, NC | $51,715 | $202,697 |
The Neely Family Foundation Charlottesville, VA | $1,294,965 | $199,292 |
Goodwill Industries Of South Central Virginia Inc Danville, VA | $0 | $1,786,297 |
Dmb Foundation Fairfax, VA | $296,764 | $10,103 |
Government Services Inc Nashville, TN | $114,093 | $0 |
Goodwill Mission And Job Creation Services Rockville, MD | $1,019,243 | $0 |