Corcoran Family Foundation Inc
- Assets
- $1.6m
- Revenue
- $1.4m
- Investments
- $1.5m
- Employees
- 0
- Location
- Mc Lean, VA
- Founding
- 05/1999
- Data as of
- 11/2023
- EIN
- 52-2136828
Organization Overview
Corcoran Family Foundation Inc is located in Mc Lean, VA. The organization was established in 1999. 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. Corcoran Family Foundation Inc 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 11/2023, Corcoran Family Foundation Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 51.6% each year . All expenses for the organization totaled $1.4m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Corcoran Family Foundation Inc has awarded 27 individual grants totaling $1,595,335. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas A Corcoran President | 0.4 | $0 | |
Claudia Ann Corcoran Sec/treas. | 0.5 | $0 | |
Sean L Corcoran Director | 0.1 | $0 | |
Lorraine Corcoran Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,285,514 |
| Interest on Savings | $23,169 |
| Dividends & Interest | $29,281 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $1,093,597 |
| Net ST Capital Gain | $4,115 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $82,677 |
| Total Revenue | $1,420,641 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,571 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $21,360 |
| Contributions, gifts, grants paid | $1,393,335 |
| Total expenses and disbursements | $1,414,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,436 |
| 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 | $168,815 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,588,780 |
| 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, Corcoran Family Foundation Inc has awarded $1,393,335 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
IRELAND FUNDS OF AMERICA PURPOSE: GENERAL OPERATING | $5,000 |
WASHINGTON IRELAND FUND PURPOSE: GENERAL OPERATING | $5,000 |
GEORGIA TECH FOUNDATION PURPOSE: GENERAL OPERATING | $8,000 |
SYRACUSE UNIVERSITY PURPOSE: GENERAL OPERATING | $8,000 |
STEVENS INSTITUTE OF TECHNOLOGY PURPOSE: GENERAL OPERATING | $51,000 |
PARKINSON ASSOCIATION SW FL PURPOSE: GENERAL OPERATING | $10,000 |