Downey Family Foundation
- Assets
- $0.0
- Revenue
- $6.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Westport, CT
- Founding
- 11/2008
- Data as of
- 12/2019
- EIN
- 26-1423915
Organization Overview
Downey Family Foundation is located in Westport, CT. The organization was established in 2008. 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.
For the year ending 12/2019, Downey Family Foundation generated $6.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (61.9%) each year. All expenses for the organization totaled $487.4k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Bilotti Secy & Dir | 0 | $0 | |
Benjamin Wiegand Director | 0 | $0 | |
Deborah Mcguire Director | 0 | $0 | |
William Downey Jr Pres & Dir | 0 | $0 | |
Anne Downey Wiegand Director | 0 | $0 | |
Stephanie Downey Toledo Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $6,536 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $235 |
| Capital Gain Net Income | $235 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8 |
| Total Revenue | $6,782 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $156 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,298 |
| Contributions, gifts, grants paid | $482,085 |
| Total expenses and disbursements | $487,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Downey Family Foundation has awarded $27,400 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
LAS TRAMPAS PURPOSE: GENERAL PURPOSES OF ORGANIZATION | $2,450 |
HOMEFRONT PURPOSE: CAPITAL INFRA STRUCTURE | $2,250 |
GLENWOOD SCHOOL PURPOSE: EDUCATION DISADVANTAGED CHILDREN | $1,000 |
FIRST TEE OF CT PURPOSE: GENERAL PURPOSES OF ORGANIZATION | $1,500 |
ENTERPRISE FOR HIGH SCHOOL STUDENTS PURPOSE: EDUCATION | $1,000 |
SPECIAL OLYMPICS PURPOSE: GENERAL PURPOSES OF ORGANIZATION | $1,250 |