Sweeney Family Foundation
- Assets
- $976.6k
- Revenue
- $96.3k
- Investments
- $943.1k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1999
- Data as of
- 12/2023
- EIN
- 36-4261717
Organization Overview
Sweeney Family Foundation is located in Chicago, IL. The organization was established in 1999. 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. Sweeney 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 12/2023, Sweeney Family Foundation generated $96.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $114.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sweeney Family Foundation has awarded 103 individual grants totaling $746,596. 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
CONTRIBUTIONS TO OTHER CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Sweeney Director | 1 | $0 | |
Margaret Powell Director | 3 | $0 | |
Rose Sweeney Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,769 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $64,542 |
| Capital Gain Net Income | $64,542 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $96,311 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $448 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $308 |
| Total operating and administrative expenses | $6,171 |
| Contributions, gifts, grants paid | $108,000 |
| Total expenses and disbursements | $114,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,701 |
| Savings and temporary cash investments | $8,799 |
| 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 | $60,693 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $976,606 |
| 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, Sweeney Family Foundation has awarded $108,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ASPIRE PURPOSE: GENERAL | $2,500 |
THE CATHEDRAL CENTER PURPOSE: GENERAL | $25,000 |
CENTRO SAN BONIFACIO PURPOSE: GENERAL | $7,500 |
DOCTORS WITHOUT BORDERS PURPOSE: GENERAL | $10,000 |
MARYKNOLL SISTERS PURPOSE: MISSION PROJECT FUNDING | $5,000 |
HOUSING OPPORTUNITIES MAINTENANCE PURPOSE: GENERAL | $25,000 |