Halloran Foundation
- Assets
- $0.0
- Revenue
- $1.6m
- Investments
- $2.8m
- Employees
- 0
- Location
- West Conshohocken, PA
- Founding
- 01/2007
- Data as of
- 12/2020
- EIN
- 25-6885444
Organization Overview
Halloran Foundation is located in West Conshohocken, PA. The organization was established in 2007. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Halloran 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 12/2020, Halloran Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $550.4k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPING A PROGRAM TO EXPAND IMPACT INVESTING AND EDUCATION. THE HALLORAN FOUNDATION SUPPORTED A PROGRAM TO ADVANCE IMPACT INVESTING. THE PROGRAM IS DESIGNED TO EXPAND THE IMPACT INVESTING, EDUCATIONAL ADVOCACY AND ECONOMIC DEVELOPMENT AND MONITORING. OUR WORK DRIVES SOCIAL CHANGE BY INVESTING IN AND CONNECTING SOCIAL ENTREPRENEURS AND INNOVATORS TO HELP ADDRESS SOME OF THE WORLD'S MOST PRESSING PROBLEMS.
DEVELOPING A LOCALIZED ENTREPRENEURIAL ECOSYSTEM IN BRADFORD, PA. THE HALLORAN FOUNDATION HAS COORDINATED WITH LOCAL, STATEWIDE AND NATIONAL PARTNERS INCLUDING THE UNIVERSITY OF PITTSBURGH, THE BRADFORD AREA ALLIANCE, BEN FRANKLIN TECHNOLOGY PARTNERS AND THE WATSON INSTITUTE TO DEVELOP EDUCATIONAL, PARTICIPATORY AND INVESTMENT OPPORTUNITIES FOR THE RESIDENTS OF MCKEAN COUNTY, PA. THE HALLORAN FOUNDATION HAS SUPPORTED THE DEVELOPMENT OF AN ANNUAL ENTREPRENEURIAL WEEKEND TRAINING AND A CREDIT-BEARING, SEMESTER-LONG ENTREPRENEURIAL PROGRAM FOR UNIVERSITY OF PITTSBURGH STUDENTS. THE HALLORAN FOUNDATION HAS COORDINATED WITH BEN FRANKLIN TECHNOLOGY PARTNERS AND THE BRADFORD AREA ALLIANCE TO LAUNCH THE BRIGHT BRADFORD FUND, HELD AT BEN FRANKLIN TECHNOLOGY PARTNERS THAT SPECIALIZES IN INVESTING IN BRADFORD-BASED TECHNOLOGY-FOCUSED BUSINESSES.
SUPPORTING THE DEVELOPMENT OF A PLATFORM FOR THE PHILADELPHIA AREA IMPACT INVESTING ECOSYSTEM. THE HALLORAN FOUNDATION SUPPORTS THE DEVELOPMENT OF OPTIMPACT, A SAS PLATFORM DEVELOPED TO SUPPORT AND GROW REGIONAL COMMUNITIES INVOLVED IN MAKING SOCIAL CHANGE THROUGH INVESTMENT IN IMPACT OPPORTUNITIES. THE OPPORTUNITIES INCLUDE IMPACT-FUNDS, PROJECTS, BUSINESSES, OR THE ACTIVITIES OF MINORITY ENTREPRENEURS. OPTIMPACT CATALYZES THE FLOW OF CAPITAL TO THESE OPPORTUNITIES TO MAXIMIZE THEIR SOCIAL AND ENVIRONMENTAL IMPACTS.
DEVELOPING IMPACT INVESTING OPPORTUNITIES FOR UNDERREPRESENTED COMMUNITIES IN PHILADELPHIA. THE HALLORAN FOUNDATION HAS SUPPORTED FUND MANAGERS AND ENTREPRENEURS FROM UNDERINVESTED COMMUNITIES BY FACILITATING OPPORTUNITIES FOR THEM TO FIND INVESTMENT AND DEVELOPING RESOURCES TO SUPPORT THEIR EARLY STAGE VENTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Fernandes-Halloran Executive Director | 40 | $83,365 | |
J Anthony Carr Trustee | 5 | $53,297 | |
Neil Halloran Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Audrey Selian | 12/30/15 | $103,041 |
New Awareness Network | 12/30/15 | $71,667 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,468,533 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,334 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,847 |
| Total Revenue | $1,644,899 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $207,692 |
| Pension plans, employee benefits | $67,146 |
| Depreciation | $0 |
| Occupancy | $3,500 |
| Travel, conferences, and meetings | $3,836 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $550,167 |
| Contributions, gifts, grants paid | $250 |
| Total expenses and disbursements | $550,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,533,950 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,776,409 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Halloran Foundation has awarded $21,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TIME FOR THREE FOUNDATION PURPOSE: SUPPORT ONGOING PROGRAMS | $16,000 |
SOCIAL VENTURE NETWORK INC PURPOSE: SCHOLARSHIP PROGRAM | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Halloran Foundation has recieved totaling $450,000.
| Awarding Organization | Amount |
|---|---|
The Harry Halloran Jr Charitable Trust Philadelphia, PA PURPOSE: GRANT & IMPACT INVESTING | $450,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Womens Foundation New York, NY | $31,744,630 | $15,820,113 |
Ecumenical Enterprises Inc Dallas, PA | $29,362,494 | $14,819,334 |
Fund For The Aged Inc New York, NY | $109,939,296 | $8,972,478 |
Sdsn Association Inc New York, NY | $10,017,542 | $13,246,367 |
The Foundation For Enhancing Communities Harrisburg, PA | $107,592,484 | $47,434,480 |
Shear Family Foundation Inc Pittsburgh, PA | $193,925,105 | $4,615,784 |
Veterans Of Foreign Wars Of Ohio Charities Columbus, OH | $6,551,466 | $8,213,931 |
Greater Ridgewood Youth Council Inc Ridgewood, NY | $6,525,051 | $8,713,714 |
Rite Aid Healthy Futures Camp Hill, PA | $33,191,715 | $15,687,011 |
Glasswing International Usa Inc New York, NY | $37,699,055 | $11,179,883 |
The Samberg Family Foundation Katonah, NY | $0 | $4,486,499 |
Single Stop Usa Inc New York, NY | $4,715,111 | $5,987,742 |