Tully Family Foundation
- Assets
- $9.4m
- Revenue
- $52.8k
- Investments
- $8.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 36-4156972
Organization Overview
Tully Family Foundation is located in Chicago, IL. The organization was established in 1998. 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. Tully Family 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 12/2022, Tully Family Foundation generated $52.8k 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 (28.6%) each year. All expenses for the organization totaled $814.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tully Family Foundation has awarded 589 individual grants totaling $4,489,411. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas M Tully President | 0 | $0 | |
Ellen Danaher Tully Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,634 |
| Dividends & Interest | $57,433 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$9,235 |
| Total Revenue | $52,832 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $50,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,848 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,224 |
| Printing and publications | $0 |
| Other expenses | $45,910 |
| Total operating and administrative expenses | $141,182 |
| Contributions, gifts, grants paid | $673,200 |
| Total expenses and disbursements | $814,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,387,665 |
| 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 | $5,870,340 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,418,757 |
| Accounts payable and accrued expenses | $5,323 |
| 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 | $5,323 |
Grants Awarded
Over the last fiscal year, Tully Family Foundation has awarded $673,200 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
OLD ST PATRICK'S CHURCH PURPOSE: CHURCH | $5,000 |
ST IGNATIUS COLLEGE PREP PURPOSE: EDUCATION | $15,600 |
CATHOLIC CHARITIES PURPOSE: RELIGIOUS | $10,000 |
BIG SHOULDERS FUND PURPOSE: FAMILY | $10,000 |
DEPAUL COLLEGE OF LAW PURPOSE: EDUCATION | $5,000 |
DANIEL MURPHY SCHOLARSHIP FD PURPOSE: EDUCATION | $10,000 |