Fahey Family Foundation
- Assets
- $290.4k
- Revenue
- $26.6k
- Investments
- $285.4k
- Employees
- 0
- Location
- Edmonds, WA
- Founding
- 09/2007
- Data as of
- 12/2022
- EIN
- 26-0309672
Organization Overview
Fahey Family Foundation is located in Edmonds, WA. The organization was established in 2007. 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. Fahey 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, Fahey Family Foundation generated $26.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $30.8k during the year ending 12/2022. While expenses have increased by 7.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N A THE FOUNDATION IS PASSIVE. IT DONATES INVESTMENT INCOME TO OPERATING 501 C3 ORGANIZATIONS TO SUPPORT THEIR MISSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Fahey President | 2 | $0 | |
Patrick Fahey Secretary Treasurer | 1 | $0 | |
Michael J Fahey Director | 0 | $0 | |
John M Fahey Director | 0 | $0 | |
James E Fahey Director | 0 | $0 | |
Patricia Fahey Jacob Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,300 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,446 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,808 |
| Capital Gain Net Income | $9,808 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,554 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $125 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $225 |
| Total operating and administrative expenses | $350 |
| Contributions, gifts, grants paid | $30,461 |
| Total expenses and disbursements | $30,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,991 |
| 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 | $290,368 |
| 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, Fahey Family Foundation has awarded $30,461 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
EVERETT SALVATION ARMY PURPOSE: ASSISTANCE TO FAMILIES | $500 |
EDMONDS COLLEGE FOUNDATION PURPOSE: SUPPORT FOR EDUCATIONAL PROGRAMS | $5,000 |
EDMONDS FOOD BANK PURPOSE: PURCHASE OF FOOD FOR DISTRIBUTION | $1,000 |
DOMESTIC VIOLENCE SERVICES DVS PURPOSE: ASSISTANCE TO VICTIMS OF DOMESTIC VIOLENCE | $1,000 |
PROJECT ETHIOPOA PURPOSE: SUPPORT OF ASSISTANCE PROGRAMS IN ETHIOPIA | $500 |
CHELAN VALLEY HOPE PURPOSE: ASSISTANCE TO FAMILIES IN CRISIS | $1,000 |