The Lucey Family Foundation Inc
- Assets
- $838.0k
- Revenue
- $100.3k
- Investments
- $790.7k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/2006
- Data as of
- 12/2023
- EIN
- 20-3863497
Organization Overview
The Lucey Family Foundation Inc is located in Wilmington, DE. The organization was established in 2006. 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. Lucey 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 12/2023, Lucey Family Foundation Inc generated $100.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $160.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lucey Family Foundation Inc has awarded 254 individual grants totaling $1,248,800. 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 |
|---|---|---|---|
Christopher Lucey Vp, Dir | 1 | $0 | |
Donald F Lucey Pres, Dir, Sec | 1 | $0 | |
James Lucey Dir, VP | 1 | $0 | |
Marianne Lucey Dir, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $106,918 |
| Interest on Savings | $1,709 |
| Dividends & Interest | $51,589 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$64,152 |
| Capital Gain Net Income | $24,321 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,187 |
| Total Revenue | $100,251 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6 |
| Taxes | $1,400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,227 |
| Total operating and administrative expenses | $13,700 |
| Contributions, gifts, grants paid | $147,000 |
| Total expenses and disbursements | $160,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $47,282 |
| 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 | $50,857 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $838,005 |
| 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 | $29,355 |
| Total liabilities | $29,355 |
Grants Awarded
Over the last fiscal year, The Lucey Family Foundation Inc has awarded $147,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
BOSTON COLLEGE TRUSTEES PURPOSE: LUCEY FAMILY SCHOLARSHIP FUND | $50,000 |
AMOGERONE FIRE CO 1 INC PURPOSE: GENERAL & UNRESTRICTED | $500 |
CALL A RIDE OF GREENWICH PURPOSE: GENERAL & UNRESTRICTED | $500 |
COFFEE FOR GOOD INC PURPOSE: GENERAL & UNRESTRICTED | $500 |
FRIENDS OF NATHANIEL WITHERELL INC PURPOSE: GENERAL & UNRESTRICTED | $500 |