Whelan Foundation Inc
- Assets
- $2.2m
- Revenue
- $200.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Huntington, NY
- Founding
- 09/2008
- Data as of
- 09/2022
- EIN
- 26-1595574
Organization Overview
Whelan Foundation Inc is located in Huntington, NY. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whelan 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 09/2022, Whelan Foundation Inc generated $200.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $213.0k during the year ending 09/2022. While expenses have increased by 7.4% per year over the past 6 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 2015, Whelan Foundation Inc has awarded 193 individual grants totaling $885,969. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LOWELL SCHOOL
THE COLLEGE OF NEW JERSEY
SUNY CORTLAND
UNIVERSITY OF SCRAINTON
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Whelan President | 0.75 | $0 | |
Matthew Whelan Director | 0.25 | $0 | |
Louis F Demars Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $118,146 |
| Interest on Savings | $65 |
| Dividends & Interest | $82,670 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $62,149 |
| Net ST Capital Gain | $62,149 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $200,881 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,693 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65,128 |
| Total operating and administrative expenses | $66,821 |
| Contributions, gifts, grants paid | $146,175 |
| Total expenses and disbursements | $212,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,977 |
| 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 | $818 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,116,160 |
| Total assets | $2,153,955 |
| 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, Whelan Foundation Inc has awarded $146,175 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP NORTHSTAR PURPOSE: VARIOUSCHILDRENS ACTIVITIES | $16,780 |
THE NEW INTERDISCIPLINARY PURPOSE: SCHOLARSHIP | $1,500 |
THE BUTTERFLY INITIATIVE PURPOSE: ASSISTANCE TO NEEDY | $500 |
ST FRANCIS HEART CENTER PURPOSE: RESEARCH | $5,000 |
ANGELA'S HOUSE PURPOSE: ASSISTANCE TO NEEDY | $5,000 |
STRENGTH FOR LIFE PURPOSE: ASSISTANCE TO NEEDY | $1,000 |