Tim Connolly Memorial Foundation Inc
- Assets
- $84.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Le Center, MN
- Founding
- 01/2009
- Data as of
- 12/2020
- EIN
- 26-2985830
Organization Overview
Tim Connolly Memorial Foundation Inc is located in Le Center, MN. The organization was established in 2009. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tim Connolly Memorial 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 12/2020, Tim Connolly Memorial Foundation Inc generated $13.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $15.7k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION IS RAISING MONEY THROUGH PUBLIC DONATIONS TO FUND A SCHOLARSHIP PROGRAM FOR GRADUATING SENIORS TO ASSIST THEM WITH THE COSTS OF HIGHER EDUCATION. THE FOUNDATION ALSO MAKES DONATIONS TO THE AMERICAN HEART ASSOCIATION AND OTHER CHARITABLE ORGANIZATIONS AND INDIVIDUALS FOR MEDICAL AND EDUCATIONAL PURPOSES BASED ON APPROVAL BY THE BOARD OF DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Pfarr Secretary | 2 | $0 | |
Megan Connolly-Gramling Director | 2 | $0 | |
Jeanne Connolly Director | 2 | $0 | |
Jim Heilman President | 2 | $0 | |
Ryan Hunt Vice-President | 2 | $0 | |
Carol Connolly Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,407 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,471 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,867 |
| Other Revenue | $0 |
| Total Revenue | $13,745 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $404 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $15,654 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $84,578 |
| Other assets | $0 |
| Total assets | $84,578 |
| Total liabilities | $0 |
| Net assets or fund balances | $84,578 |
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