Flaherty Family Foundation
- Assets
- $18.4k
- Revenue
- $278.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 02/1998
- Data as of
- 10/2023
- EIN
- 13-3919502
Organization Overview
Flaherty Family Foundation is located in Brooklyn, NY. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flaherty 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 10/2023, Flaherty Family Foundation generated $278.9k 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 (19.8%) each year. All expenses for the organization totaled $338.5k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Flaherty Family Foundation has awarded 83 individual grants totaling $1,321,300. 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
2023
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 |
|---|---|---|---|
Peter A Flaherty President | 0.5 | $0 | |
Pamela P Flaherty Trustee | 0.1 | $0 | |
Jonathan P Flaherty Treasurer | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $281,651 |
| Interest on Savings | $0 |
| Dividends & Interest | $31 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,801 |
| Capital Gain Net Income | $283,793 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $278,881 |
| 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 | $260 |
| Total operating and administrative expenses | $8,385 |
| Contributions, gifts, grants paid | $330,100 |
| Total expenses and disbursements | $338,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,366 |
| 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 | $18,366 |
| 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, Flaherty Family Foundation has awarded $330,100 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CERES PURPOSE: GENERAL SUPPORT | $1,000 |
COOPER UNION PURPOSE: GENERAL SUPPORT | $25,000 |
EDUCATORS FOR EXCELLENCE PURPOSE: GENERAL SUPPORT | $100,000 |
FOREIGN POLICY ASSOCIATION PURPOSE: GENERAL SUPPORT | $10,000 |
JOHN HOPKINS UNIVERSITY PURPOSE: GENERAL SUPPORT | $65,000 |
KENYON COLLEGE PURPOSE: GENERAL SUPPORT | $500 |