Whalen Family Foundation
- Assets
- $2.1m
- Revenue
- $1.7m
- Investments
- $1.9m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-5357542
Organization Overview
Whalen Family Foundation is located in Houston, TX. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Whalen 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, Whalen Family Foundation generated $1.7m in total revenue. All expenses for the organization totaled $121.8k during the year ending 12/2022. While expenses have increased by 27.1% 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, Whalen Family Foundation has awarded 23 individual grants totaling $251,501. 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 |
|---|---|---|---|
James W Whalen Vice President & Secretary | 0.77 | $0 | |
Virginia A Whalen President & Treasurer | 0.23 | $0 | |
Bradley M Whalen Director | 0.08 | $0 | |
Mary Katherine Seibert Director | 0.08 | $0 | |
Michele W Stanton Director | 0.08 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $90,597 |
| Interest on Savings | $0 |
| Dividends & Interest | $74,377 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,583,548 |
| Capital Gain Net Income | $1,583,548 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,748,522 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,546 |
| Total operating and administrative expenses | $37,771 |
| Contributions, gifts, grants paid | $84,000 |
| Total expenses and disbursements | $121,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,633 |
| Savings and temporary cash investments | $0 |
| 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 | $2,066,033 |
| 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, Whalen Family Foundation has awarded $84,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HOLY FAMILY PARISHST MARY'S CATHEDRAL BASILICA PURPOSE: CHURCH RENOVATIONS | $2,500 |
JDRF SOUTHERN TEXAS CHAPTER PURPOSE: DIABETES CURE RESEARCH | $32,000 |
ST CECILIA CATHOLIC CHURCH PURPOSE: CHURCH RENOVATIONS | $2,500 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: CHILDHOOD CANCER RESEARCH | $42,000 |
TEXAS LIONS CAMP PURPOSE: TLC-4-FAMILIES PROGRAM FUNDING | $5,000 |