G L Connolly Foundation
- Assets
- $7.4m
- Revenue
- $591.6k
- Investments
- $6.1m
- Employees
- 0
- Location
- Moraga, CA
- Founding
- 11/2003
- Data as of
- 12/2023
- EIN
- 20-0247328
Organization Overview
G L Connolly Foundation is located in Moraga, CA. The organization was established in 2003. 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. G L Connolly 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, G L Connolly Foundation generated $591.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $519.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, G L Connolly Foundation has awarded 229 individual grants totaling $1,606,700. 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 |
|---|---|---|---|
Ronald C Connolly Co-President | 4 | $10,000 | |
Thomas A Connolly Co-Presidenet | 15 | $0 | |
Sieglinde Connolly Co-Founder Admin Adviser | 4 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,430 |
| Dividends & Interest | $229,802 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $356,384 |
| Capital Gain Net Income | $356,384 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $591,616 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,288 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,093 |
| Total operating and administrative expenses | $49,009 |
| Contributions, gifts, grants paid | $470,200 |
| Total expenses and disbursements | $519,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,368,820 |
| 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 | $2,385,692 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,438,857 |
| 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, G L Connolly Foundation has awarded $470,200 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
CALVARY HOSPITAL PURPOSE: HEALTH CARE | $10,000 |
ASSUMPTION ABBEY PURPOSE: ROMAN CATHOLIC MONASTERY | $3,000 |
ANDREW L HICKS FOUNDATION PURPOSE: YOUTH SERVICES | $3,000 |
LAKES ENVIRONMENTAL ASSOCIATION PURPOSE: ENVIRONMENTAL | $10,000 |
INTERCOLLEGIATE STUDIES INSTITUTE PURPOSE: EDUCATION | $5,000 |
MAINE POLICY INSTITUTE PURPOSE: PUBLIC POLICY RESEARCH AND EDUCATION | $10,000 |