Cloherty Family Foundation
- Assets
- $107.8k
- Revenue
- $12.3k
- Investments
- $102.2k
- Employees
- 0
- Location
- Inverness, IL
- Founding
- 10/2004
- Data as of
- 12/2023
- EIN
- 83-0401233
Organization Overview
Cloherty Family Foundation is located in Inverness, IL. The organization was established in 2004. 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. Cloherty 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, Cloherty Family Foundation generated $12.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $10.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (15.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Cloherty President Treasurer Director | 1 | $0 | |
Donna L Cloherty Secretary Director | 0.02 | $0 | |
Maureen A Ross Director | 0.02 | $0 | |
Cathleen P Knauss Director | 0.02 | $0 | |
Michael J Cloherty Jr Director | 0.02 | $0 | |
Thomas P Cloherty Director | 0.02 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,000 |
| Interest on Savings | $3,331 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,331 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $330 |
| Total operating and administrative expenses | $1,674 |
| Contributions, gifts, grants paid | $8,900 |
| Total expenses and disbursements | $10,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,593 |
| 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 | $107,810 |
| 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, Cloherty Family Foundation has awarded $8,900 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MAX MCGRAW WILDLIFE FOUNDATION PURPOSE: EDUCATION - CHARITABLE | $2,500 |
PREP HIGH SCHOOL HOCKEY CLUB PURPOSE: EDUCATION - CHARITABLE | $6,400 |