Diane & Michael Canney Foundation
- Assets
- $16.3k
- Revenue
- $466.0
- Investments
- $9.5k
- Employees
- 0
- Location
- Leesburg, VA
- Founding
- 01/2006
- Data as of
- 12/2023
- EIN
- 20-3949382
Organization Overview
Diane & Michael Canney Foundation is located in Leesburg, VA. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Diane & Michael Canney 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, Diane & Michael Canney Foundation generated $466.0 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 (31.7%) each year. All expenses for the organization totaled $19.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Diane & Michael Canney Foundation has awarded 90 individual grants totaling $495,398. 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 |
|---|---|---|---|
Diane Canney President & Director | 10 | $0 | |
Michael Canney VP & Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $466 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $466 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,071 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $6,196 |
| Contributions, gifts, grants paid | $13,500 |
| Total expenses and disbursements | $19,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,859 |
| 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 | $9,489 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,348 |
| 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, Diane & Michael Canney Foundation has awarded $13,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ART OF THE MATTER PURPOSE: ART OUTREACH, PUBLIC DISPLAYS OF ART, NATIONAL QUILT EXHIBIT, COVID AND FIRST RESPONDER MEMORIALS, SPONSORSHIP OF ART DISPLAYS IN INOVA SHARR CANCER CENTER (FAIRFAX VA). | $10,000 |
RAILS TO TRAILS CONSERVANCY PURPOSE: DEDICATED TO BUILDING A NATION CONNECTED BY TRAILS, REIMAGINING PUBLIC SPACES TO CREATE SAFE WAYS FOR EVERYONE TO WALK, BIKE & BE ACTIVE OUTDOORS | $1,000 |
VANDERBILT UNIVERSITY PURPOSE: SUPPORTS RESEARCH IN PRECISION ONCOLOGY, DEDICATED TO FINDING A CURE FOR ALL TYPES OF BREAST CANCER. VANDERBILT-INGRAM BREAST CANCER RESEARCH PROGRAM | $2,500 |