Conely Foundation
- Assets
- $2.0m
- Revenue
- $165.3k
- Investments
- $1.9m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 01/2011
- Data as of
- 12/2023
- EIN
- 27-1555970
Organization Overview
Conely Foundation is located in Houston, TX. The organization was established in 2011. 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. Conely 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, Conely Foundation generated $165.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $96.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Conely Foundation has awarded 43 individual grants totaling $580,151. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO VARIOUS CHARITABLE 501(C)(3) ORGANIZATIONS. THE PART XIV ATTACHMENT HAS A DETAILED LIST OF THESE ORGANIZATIONS.
SCHOLARSHIPS TO UNRELATED INDIVIDUALS TO ATTEND COLLEGE. THE PART XIV ATTACHMENT HAS A DETAILED LIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Conely President | 2 | $0 | |
Laura Devries-Conely Vice President | 1 | $0 | |
Laura Bodenheimer Director | 1 | $0 | |
Ian Cain Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,093 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $119,169 |
| Capital Gain Net Income | $119,169 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $165,262 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,690 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,733 |
| Total operating and administrative expenses | $38,923 |
| Contributions, gifts, grants paid | $57,119 |
| Total expenses and disbursements | $96,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,050 |
| 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 | $1,942,088 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,028 |
| Total assets | $1,989,166 |
| Accounts payable and accrued expenses | $15,313 |
| 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 | $15,313 |
Grants Awarded
Over the last fiscal year, Conely Foundation has awarded $57,119 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHARITABLE ORGANIZATIONS PURPOSE: SEE LIST | $35,650 |
SCHOLARSHIPS PURPOSE: SEE LIST | $21,469 |