Nolan Family Charitable Foundation Inc
- Assets
- $539.7k
- Revenue
- $230.1k
- Investments
- $336.3k
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 01/1998
- Data as of
- 12/2021
- EIN
- 31-1577561
Organization Overview
Nolan Family Charitable Foundation Inc is located in Bethesda, MD. The organization was established in 1998. 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. Nolan Family Charitable 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 12/2021, Nolan Family Charitable Foundation Inc generated $230.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.8% each year . All expenses for the organization totaled $40.2k during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 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 2016, Nolan Family Charitable Foundation Inc has awarded 61 individual grants totaling $173,500. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael C Nolan Director | 0 | $0 | |
Matthew M Nolan Director | 0 | $0 | |
Jesse J Nolan Director | 0 | $0 | |
Elizabeth A Nolan Director | 0 | $0 | |
Joel P Nolan Director | 0 | $0 | |
Emily A Jacubowics Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,517 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,568 |
| Capital Gain Net Income | $21,568 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $230,085 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $174 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,234 |
| Total operating and administrative expenses | $7,747 |
| Contributions, gifts, grants paid | $32,500 |
| Total expenses and disbursements | $40,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,862 |
| Savings and temporary cash investments | $2,493 |
| 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 | $336,347 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $539,702 |
| 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, Nolan Family Charitable Foundation Inc has awarded $32,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
SO OTHERS MIGHT EAT PURPOSE: TO PROMOTE AND FURTHER THE ORGANIZATIONS MISSION | $5,500 |
Washington, DC PURPOSE: TO PROMOTE AND FURTHER THE ORGANIZATIONS MISSION | $3,000 |
Washington, DC PURPOSE: TO PROMOTE AND FURTHER THE ORGANIZATIONS MISSION | $3,000 |
New York, NY PURPOSE: TO PROMOTE AND FURTHER THE ORGANIZATIONS MISSION | $3,000 |
DAV CHARITABLE SERVICE TRUST PURPOSE: TO PROMOTE AND FURTHER THE ORGANIZATIONS MISSION | $3,000 |
HUMAN SOLUTIONS PURPOSE: TO PROMOTE AND FURTHER THE ORGANIZATIONS MISSION | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |
Hamilton Family Charitable Trust Wayne, PA | $141,914,105 | $43,786,350 |
Daniel B And Florence E Green Foundation Conshohocken, PA | $179,390,509 | $18,946,870 |
Seed The Dream Foundation Gladwyne, PA | $47,208,358 | $1,088,502 |
Hazel Ruby Mcquain Charitable Tr Morgantown, WV | $103,286,088 | $9,092,496 |
Vf Foundation Wilmington, DE | $28,556,217 | $960,441 |
Ruth Lilly Philanthropic Foundation Wilmington, DE | $89,481,864 | $12,222,478 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Highmark Foundation Pittsburgh, PA | $137,140,319 | $19,548,694 |
The Aileen K And Brian L Roberts Foundation Philadelphia, PA | $14,520,286 | $7,913,944 |
The Giorgi Family Foundation Temple, PA | $80,817,580 | $6,973,404 |