Danae And John Foley Foundation
- Assets
- $4.4m
- Revenue
- $657.4k
- Investments
- $3.8m
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 06/2018
- Data as of
- 12/2022
- EIN
- 82-6731450
Organization Overview
Danae And John Foley Foundation is located in Wellesley, MA. The organization was established in 2018. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Danae And John Foley 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, Danae And John Foley Foundation generated $657.4k 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 (10.1%) each year. All expenses for the organization totaled $114.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (25.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Danae And John Foley Foundation has awarded 29 individual grants totaling $673,536. 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 |
|---|---|---|---|
John Foley Trustee | 1 | $0 | |
Danae Foley Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $483 |
| Dividends & Interest | $131,974 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $524,920 |
| Capital Gain Net Income | $524,920 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $657,377 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,135 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $40,230 |
| Contributions, gifts, grants paid | $74,000 |
| Total expenses and disbursements | $114,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $625,805 |
| 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 | $4,382,200 |
| 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, Danae And John Foley Foundation has awarded $74,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BEAT NB CANCER FOUNDATION (TAX ID 27-2314549) PURPOSE: PROGRAM SUPPORT | $30,000 |
CAPE COD HEALTHCARE FOUNDATION (#04-3475950) PURPOSE: PROGRAM SUPPORT | $10,500 |
PSC PARTNERS SEEKING A CURE (TAX ID 20-2112635) PURPOSE: PROGRAM SUPPORT | $10,000 |
PAN MASS CHALLENGE (04-2746912) PURPOSE: PROGRAM SUPPORT | $500 |
CATHOLIC CHARITIES OF NEW YORK (#13-5562184) PURPOSE: PROGRAM SUPPORT | $5,000 |
HOMES FOR OUR TROOPS (#54-2143612) PURPOSE: PROGRAM SUPPORT | $3,000 |