Lawrence & Megan Foley Family Foundation Inc
- Assets
- $1.9m
- Revenue
- $196.2k
- Investments
- $492.3k
- Employees
- 0
- Location
- Southport, CT
- Founding
- 08/2002
- Data as of
- 11/2023
- EIN
- 42-1528874
Organization Overview
Lawrence & Megan Foley Family Foundation Inc is located in Southport, CT. The organization was established in 2002. 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. Lawrence & Megan Foley Family 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 11/2023, Lawrence & Megan Foley Family Foundation Inc generated $196.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $529.5k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Lawrence & Megan Foley Family Foundation Inc has awarded 129 individual grants totaling $4,563,229. 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 |
|---|---|---|---|
Lawrence G Foley Director | 5 | $0 | |
Megan M Foley Director | 5 | $0 | |
David J Mccabe Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,691 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,914 |
| Capital Gain Net Income | $148,064 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $109,621 |
| Total Revenue | $196,226 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $57 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,456 |
| Total operating and administrative expenses | $16,513 |
| Contributions, gifts, grants paid | $512,950 |
| Total expenses and disbursements | $529,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $406,706 |
| 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 | $1,000,159 |
| Total assets | $1,899,184 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,350,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,350,000 |
Grants Awarded
Over the last fiscal year, Lawrence & Megan Foley Family Foundation Inc has awarded $512,950 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AMAZIN METS FOUNDATION PURPOSE: FOR THE GENERAL USE OF CHARITABLE ORGANIZATION | $52,400 |
COLLEGE OF THE HOLY CROSS PURPOSE: FOR THE GENERAL USE OF CHARITABLE ORGANIZATION | $50,000 |
CATHOLIC ACADEMICS OF BRIDGEPORT PURPOSE: FOR THE GENERAL PURPOSE OF THE CHARITABLE ORGANIZATION | $50,000 |
FDNY FOUNDATION INC PURPOSE: FOR THE GENERAL PURPOSE OF THE CHARITABLE ORGANIZATION | $10,000 |
IONA PREPARATORY SCHOOL PURPOSE: FOR THE GENERAL PURPOSE OF THE CHARITABLE ORGANIZATION | $5,000 |
DELTA GAMMA FOUNDATION PURPOSE: FOR THE GENERAL PURPOSE OF THE CHARITABLE ORGANIZATION | $14,500 |