Irene S Scully Family Foundation
- Assets
- $35.6m
- Revenue
- $1.2m
- Investments
- $35.0m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 01/2004
- Data as of
- 12/2022
- EIN
- 20-0414306
Organization Overview
Irene S Scully Family Foundation is located in San Francisco, CA. The organization was established in 2004. 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. Irene S Scully 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, Irene S Scully Family Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. While expenses have increased by 6.3% per year over the past 8 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 2019, Irene S Scully Family Foundation has awarded 35 individual grants totaling $3,569,300. 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 |
|---|---|---|---|
Irene S Scully Director, CEO & President | 5 | $0 | |
Kathryn Peterson Director | 20 | $56,199 | |
Kathleen Maloney Executive Director | 40 | $242,892 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Relevant Wealth Advisors | 12/30/19 | $192,028 |
Wetherby Asset Management | 12/30/19 | $77,126 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $826,675 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $201,233 |
| Capital Gain Net Income | $219,255 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $150,297 |
| Total Revenue | $1,178,205 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $298,991 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $25,351 |
| Interest | $0 |
| Taxes | $73,982 |
| Depreciation | $213 |
| Occupancy | $96,476 |
| Travel, conferences, and meetings | $14,320 |
| Printing and publications | $0 |
| Other expenses | $202,797 |
| Total operating and administrative expenses | $897,655 |
| Contributions, gifts, grants paid | $2,553,280 |
| Total expenses and disbursements | $3,450,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,400 |
| Savings and temporary cash investments | $414,281 |
| 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 | $16,972,110 |
| Net Land, buildings, and equipment | $531 |
| Other assets | $3,000 |
| Total assets | $35,580,644 |
| 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 | $4,790 |
| Total liabilities | $4,790 |
Grants Awarded
Over the last fiscal year, Irene S Scully Family Foundation has awarded $1,034,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR GIRLS PURPOSE: OAKLAND AND WEST CONTRA COSTA PROGRAMS | $60,000 |
ASPIRE PUBLIC SCHOOLS FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT ASPIRE RICHMOND | $30,000 |
LIGHTHOUSE COMMUNITY PUBLIC SCHOOLS PURPOSE: GENERAL OPERATING SUPPORT | $120,000 |
NEW LEADERS PURPOSE: OAKLAND & WCC PROGRAMS | $60,000 |
GO PUBLIC SCHOOLS PURPOSE: WCC GENERAL OPERATING SUPPORT | $500,000 |
STUDENTS RISING ABOVE PURPOSE: GENERAL OPERATING SUPPORT | $144,000 |