Francis H Clougherty Foundation
- Assets
- $10.2m
- Revenue
- $265.8k
- Investments
- $9.9m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 10/1985
- Data as of
- 12/2022
- EIN
- 95-6818523
Organization Overview
Francis H Clougherty Foundation is located in Newport Beach, CA. The organization was established in 1985. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Francis H Clougherty 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, Francis H Clougherty Foundation generated $265.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $624.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Francis H Clougherty Foundation has awarded 55 individual grants totaling $1,325,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph D Clougherty Trustee | 3 | $0 | |
Bernard J Clougherty Trustee | 3 | $0 | |
Anthony P Clougherty Foundation Manager | 3 | $0 | |
Kathleen C Regan Foundation Manager | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $79,360 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $186,454 |
| Capital Gain Net Income | $574,897 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $265,814 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,428 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $74,718 |
| Contributions, gifts, grants paid | $550,000 |
| Total expenses and disbursements | $624,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $292,945 |
| 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 | $12,337 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,869,930 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,203,484 |
| 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, Francis H Clougherty Foundation has awarded $550,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
LOYOLA MARYMOUNT UNIVERSITY PURPOSE: SUPPORT EDUCATION | $10,000 |
MARANTHA HIGH SCHOOL PURPOSE: SUPPORT EDUCATION | $10,000 |
BLIND-VISUALLY IMPAIRED EARLY SERVICES OF TN PURPOSE: SUPPORT CHARITY | $125,000 |
ST JOACHIM PURPOSE: SUPPORT CHARITY | $5,000 |
CARMELITE SISTERS PURPOSE: SUPPORT CHARITY | $20,000 |
MAYFIELD SENIOR SCHOOL PURPOSE: SUPPORT EDUCATION | $110,000 |