Michael Finley Foundation
- Assets
- $59.3k
- Revenue
- $17.2k
- Investments
- $38.4k
- Employees
- 0
- Location
- The Colony, TX
- Founding
- 05/2009
- Data as of
- 12/2023
- EIN
- 26-3611552
Organization Overview
Michael Finley Foundation is located in The Colony, TX. The organization was established in 2009. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael Finley 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, Michael Finley Foundation generated $17.2k 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 (22.3%) each year. All expenses for the organization totaled $20.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Michael Finley Foundation has awarded 16 individual grants totaling $140,723. 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 |
|---|---|---|---|
Michael Finley President | 1 | $0 | |
Tim Frank Director | 1 | $0 | |
Neal Hawks Director | 1 | $0 | |
Pete Marino Vice President | 1 | $0 | |
James Mcdonald Treasurer | 1 | $0 | |
Jean Moore Executive Dir. | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,041 |
| Interest on Savings | $0 |
| Dividends & Interest | $205 |
| 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 | $17,246 |
| 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 | $2,298 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,051 |
| Total operating and administrative expenses | $12,847 |
| Contributions, gifts, grants paid | $8,045 |
| Total expenses and disbursements | $20,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,716 |
| Savings and temporary cash investments | $162 |
| 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 | $59,264 |
| 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, Michael Finley Foundation has awarded $8,045 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GIFT4S GIVING INDIVIDUALS THE FUND PURPOSE: GENERAL SUPPORT | $1,080 |
UNIVERSITY OF WISCONSIN PURPOSE: SCHOLARSHIP | $5,000 |
NETWORK FOR GOOD PURPOSE: GENERAL SUPPORT | $1,545 |
MARCH OF DIMES PURPOSE: GENERAL SUPPORT | $420 |