Connolly Family Foundation Inc
- Assets
- $20.5m
- Revenue
- $5.8m
- Investments
- $20.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2013
- Data as of
- 06/2022
- EIN
- 46-0809078
Organization Overview
Connolly Family Foundation Inc is located in Wilmington, DE. The organization was established in 2013. 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. Connolly 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 06/2022, Connolly Family Foundation Inc generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 63.5% each year . All expenses for the organization totaled $1.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Connolly Family Foundation Inc has awarded 82 individual grants totaling $1,763,558. 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 |
|---|---|---|---|
John L Connolly Dir, Pres | 1 | $0 | |
Leigh Z Connolly Sec | 0 | $0 | |
John L Connolly Jr Treas | 1 | $0 | |
Catherine Greer Connolly VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,012,359 |
| Interest on Savings | $1,466 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,331,077 |
| Capital Gain Net Income | $3,331,099 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $489,227 |
| Total Revenue | $5,834,129 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $416,127 |
| Total operating and administrative expenses | $496,209 |
| Contributions, gifts, grants paid | $1,161,358 |
| Total expenses and disbursements | $1,657,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $140,052 |
| 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 | $20,332,466 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,472,518 |
| 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, Connolly Family Foundation Inc has awarded $1,161,358 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
ANGEL FLIGHT SOARS INC PURPOSE: FLY A SOUTHERN CHILD SCHOLARSHIP FUND | $10,000 |
ATLANTA CHARITY CLAYS INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
ATLANTA COMMUNITY FOOD BANK INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
ATLANTA HISTORICAL SOCIETY INC PURPOSE: CHARITABLE EVENT | $10,000 |
ATLANTA HISTORICAL SOCIETY INC PURPOSE: CULTURAL EXPERIENCE PROJECT | $15,000 |
ATLANTA POLICE FOUNDATION INC PURPOSE: BLUE JEAN BALL | $5,000 |