Conley Family Foundation Inc
- Assets
- $655.4k
- Revenue
- $74.8k
- Investments
- $601.5k
- Employees
- 0
- Location
- Basking Ridge, NJ
- Founding
- 06/2015
- Data as of
- 12/2023
- EIN
- 47-2596137
Organization Overview
Conley Family Foundation Inc is located in Basking Ridge, NJ. The organization was established in 2015. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. Conley 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 12/2023, Conley Family Foundation Inc generated $74.8k 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 (16.2%) each year. All expenses for the organization totaled $41.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Conley Family Foundation Inc has awarded 51 individual grants totaling $307,840. 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
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO PROVIDE SUPPORT TO OTHER CHARITABLE ORGANIZATIONS EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)3.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terence P Conley President/director/trustee | 1 | $0 | |
Barbara A Conley Secretary/director/trustee | 1 | $0 | |
Rachel Conley Trustee | 1 | $0 | |
Sean Conley Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,251 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,523 |
| Capital Gain Net Income | $62,523 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $74,774 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $573 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $573 |
| Contributions, gifts, grants paid | $40,410 |
| Total expenses and disbursements | $40,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,927 |
| 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 | $655,436 |
| 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, Conley Family Foundation Inc has awarded $40,410 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
OUR LADY OF GRACE PURPOSE: 10/10/23AMEXCHARITABLE PURPOSES ONLY | $924 |
BERNARD TOWNSHIP POLICE PURPOSE: 12/28/23AMEXCHARITABLE PURPOSES ONLY | $1,000 |
EWTN PURPOSE: 12/28/23AMEXCHARITABLE PURPOSES ONLY | $1,000 |
HOPE THROUGH EDUCATION PURPOSE: 10/18/23 & 12/28/23AMEXCHARITABLE PURPOSES ONLY | $14,986 |
NJ GOLF FOUNDATION PURPOSE: 08/21/23CHECK 1001CHARITABLE PURPOSES ONLY | $10,000 |
BRIDGES OF NY PURPOSE: 06/12/23AMEXCHARITABLE PURPOSES ONLY | $5,000 |