Folley Family Foundation
- Assets
- $13.1m
- Revenue
- $433.5k
- Investments
- $12.4m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 06/2012
- Data as of
- 12/2022
- EIN
- 80-0745180
Organization Overview
Folley Family Foundation is located in Seattle, WA. The organization was established in 2012. 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. Folley 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, Folley Family Foundation generated $433.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $750.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Folley Family Foundation has awarded 44 individual grants totaling $2,645,000. 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 |
|---|---|---|---|
Janet Folley Director | 5 | $10,000 | |
Clyde Folley Treasurer | 2 | $10,000 | |
Connor Folley Vice President | 1 | $10,000 | |
Casey Folley President | 1 | $10,000 | |
Maxwell Folley Secretary | 1 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $318,855 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $114,577 |
| Capital Gain Net Income | $114,577 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18 |
| Total Revenue | $433,450 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,426 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,985 |
| Total operating and administrative expenses | $170,910 |
| Contributions, gifts, grants paid | $580,000 |
| Total expenses and disbursements | $750,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,534 |
| Savings and temporary cash investments | $646,700 |
| 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 | $2,530,484 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,122,271 |
| 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, Folley Family Foundation has awarded $580,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MONTANA TROUT UNLIMITED PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
UPPER MISSOURI WATERKEEPER PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
TROUT UNLIMITED - BELLEVUE WA PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
BIG SKY BRAVERY FOUNDATION PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
UNIVERSITY OF MONTANA FOUNDATION PURPOSE: UNRESTRICTED GENERAL SUPPORT | $150,000 |
MONTANA LAND RELIANCE PURPOSE: UNRESTRICTED GENERAL SUPPORT | $35,000 |