Fallon Family Foundation
- Assets
- $876.9k
- Revenue
- $41.0k
- Investments
- $833.6k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2016
- Data as of
- 12/2023
- EIN
- 47-5075671
Organization Overview
Fallon Family Foundation is located in Wilmington, DE. The organization was established in 2016. According to its NTEE Classification (G11) the organization is classified as: Single Organization Support, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fallon 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 12/2023, Fallon Family Foundation generated $41.0k 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 (22.4%) each year. All expenses for the organization totaled $65.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Fallon Family Foundation has awarded 52 individual grants totaling $238,500. 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 |
|---|---|---|---|
Shannon F Fallon Pres, Dir, Sec, Treas | 1 | $0 | |
Thomas J Fallon Vp, Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $154 |
| Dividends & Interest | $28,449 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,244 |
| Capital Gain Net Income | $12,244 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $122 |
| Total Revenue | $40,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,207 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,510 |
| Total operating and administrative expenses | $20,252 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $65,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,293 |
| 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 | $876,928 |
| 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, Fallon Family Foundation has awarded $45,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI PURPOSE: PART THE CLOUD ALZHEIMER'S RESEARCH | $1,500 |
BEATS RHYMES AND LIFE PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
ELES PLACE INC PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
FRIENDS OF THE ISRAEL DEFENSE FORCES PURPOSE: HAMAS-ISRAEL WAR EMERGENCY FUND | $2,500 |
GAVI ALLIANCE PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
GODS LOVE WE DELIVER INC PURPOSE: GENERAL & UNRESTRICTED | $1,000 |