O Halloran Family Foundation
- Assets
- $3.4m
- Revenue
- $68.3k
- Investments
- $3.3m
- Employees
- 0
- Location
- North Kingstown, RI
- Founding
- 02/2001
- Data as of
- 12/2022
- EIN
- 05-0514803
Organization Overview
O Halloran Family Foundation is located in North Kingstown, RI. The organization was established in 2001. 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. O Halloran 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, O Halloran Family Foundation generated $68.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $145.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, O Halloran Family Foundation has awarded 193 individual grants totaling $1,509,460. 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 |
|---|---|---|---|
Gerard O'halloran Trustee | 5 | $0 | |
Mary Ann O'halloran Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $230 |
| Dividends & Interest | $84,912 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$16,834 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $68,308 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,914 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $17,082 |
| Contributions, gifts, grants paid | $128,200 |
| Total expenses and disbursements | $145,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $152,805 |
| 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 | $3,284,595 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,089 |
| Total assets | $3,446,489 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $8,097 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,097 |
Grants Awarded
Over the last fiscal year, O Halloran Family Foundation has awarded $128,200 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON FOUNDATION PURPOSE: OPERATING SUPPORT | $10,000 |
BOSTON SYMPHONY ORCHESTRA PURPOSE: OPERATING SUPPORT | $5,000 |
CASTLE PRESERVATION SOCIETY PURPOSE: OPERATING SUPPORT | $500 |
COMMUNITY MUSIC WORKS PURPOSE: OPERATING SUPPORT | $10,000 |
DOMESTIC VIOLENCE RESOURCE CENTER OF SOUTH COUNTY PURPOSE: OPERATING SUPPORT | $1,000 |
FRIENDS OF THE NK FREE LIBRARY PURPOSE: OPERATING SUPPORT | $500 |