Conley Family Foundation Inc
- Assets
- $603.0k
- Revenue
- $41.6k
- Investments
- $572.6k
- Employees
- 0
- Location
- Basking Ridge, NJ
- Founding
- 06/2015
- Data as of
- 12/2022
- 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 12/2022, Conley Family Foundation Inc generated $41.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (28.3%) each year. All expenses for the organization totaled $75.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Conley Family Foundation Inc has awarded 48 individual grants totaling $202,430. 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
2022
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 | $10,363 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,267 |
| Capital Gain Net Income | $31,267 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,630 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $712 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $712 |
| Contributions, gifts, grants paid | $75,000 |
| Total expenses and disbursements | $75,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,465 |
| 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 | $603,033 |
| 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, Conley Family Foundation Inc has awarded $75,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: 12/28/22AMEXCHARITABLE PURPOSES ONLY | $20,000 |
NJ GOLF FOUNDATION PURPOSE: 08/08/22AMEXCHARITABLE PURPOSES ONLY | $10,000 |
LEGIONARIES OF CHRIST PURPOSE: 12/28/22AMEXCHARITABLE PURPOSES ONLY | $10,000 |
BRIDGES OF NY PURPOSE: 06/15/2022CHECK 1003CHARITABLE PURPOSES ONLY | $5,000 |
OUR LADY OF GRACE PURPOSE: 09/28/22CHECK 1027CHARITABLE PURPOSES ONLY | $5,000 |
GREGORY SPAGNOLETTI MEMORIAL FOUNDATION PURPOSE: 09/03/22AMEXCHARITABLE PURPOSES ONLY | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |
Sol Goldman Charitable Trust New York, NY | $0 | $3,639,060 |
Schwartz Fam Foundation Tr New York, NY | $15,701,646 | $4,641,500 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |
Donald P And Mary E Moriarty Charitable Foundation Chatham, NJ | $28,351,035 | $10,104,907 |
Reitmeier Charitable Trust U-W Fund Pittsburgh, PA | $0 | $783,026 |
The Daniel E And Joyce G Straus Family Foundation Fort Lee, NJ | $70,788,886 | $23,200,737 |
Stephanie And Lawrence Flinn Jr Charitable Trust Rye, NY | $38,008,610 | $1,545,118 |
Sunshine Foundation Woodbury, NY | $26,794,175 | $2,071,620 |