Francis J & Patricia A Houlihan Foundation
- Assets
- $3.1m
- Revenue
- $97.7k
- Investments
- $2.9m
- Employees
- 0
- Location
- Barrington, IL
- Founding
- 07/1997
- Data as of
- 12/2023
- EIN
- 36-4121030
Organization Overview
Francis J & Patricia A Houlihan Foundation is located in Barrington, IL. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public 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. Francis J & Patricia A Houlihan 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, Francis J & Patricia A Houlihan Foundation generated $97.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $193.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Francis J & Patricia A Houlihan Foundation has awarded 295 individual grants totaling $1,075,657. 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
THE SOLE CHARITABLE ACTIVITY OF THIS ORGANIZATION IS THE MAKING OF CONTRIBUTIONS AND GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS AND ENGAGING IN OTHER ACTIVITIES WHICH ARE EXCLUSIVELY IN FURTHERANCE OF THESE PURPOSES WITHIN THE MEANING OF SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francis Houlihan President | 1 | $0 | |
Kathleen Mary Janke Vice President | 1 | $0 | |
Gregory Dowell Treasurer | 1 | $0 | |
Mary Francis Mattoon Vice President | 1 | $0 | |
Maureen Ann Otten Vice President | 1 | $0 | |
Aileen Marie Fitzgerald Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $43,521 |
| Dividends & Interest | $43,840 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,381 |
| Capital Gain Net Income | $10,381 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $97,742 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $78 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,612 |
| Total operating and administrative expenses | $42,232 |
| Contributions, gifts, grants paid | $151,000 |
| Total expenses and disbursements | $193,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $107,523 |
| 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 | $3,054,756 |
| 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, Francis J & Patricia A Houlihan Foundation has awarded $151,000 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
1ST WAY LIFE CENTER PURPOSE: GENERAL | $1,000 |
BACOA PURPOSE: GENERAL | $500 |
AURORA UNIVERSITY PURPOSE: GENERAL | $3,000 |
BELFRY MUSIC THEATRE PURPOSE: GENERAL | $2,000 |
BIRTHRIGHT PURPOSE: CHARITY'S EXENPT PURPOSE | $1,000 |
CATHLOC RADIO PURPOSE: GENERAL | $1,000 |