Franci Neely Foundation
- Assets
- $3.1m
- Revenue
- $1.7m
- Investments
- $2.7m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 04/2001
- Data as of
- 12/2023
- EIN
- 76-0626224
Organization Overview
Franci Neely Foundation is located in Albany, NY. The organization was established in 2001. 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. Franci Neely 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, Franci Neely Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $882.9k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL
REVENUE SERVICE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Franci N Neely Director/president | 1 | $0 | |
Andrew Ellingson Beck III Director/vp & Treasurer | 1 | $0 | |
Jeremy Monthy Director/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,056,506 |
| Interest on Savings | $6,471 |
| Dividends & Interest | $16,845 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $662,185 |
| Capital Gain Net Income | $662,185 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,742,007 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,752 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,383 |
| Contributions, gifts, grants paid | $875,500 |
| Total expenses and disbursements | $882,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,543 |
| Savings and temporary cash investments | $108,886 |
| 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 | $2,209,552 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,138,744 |
| 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, Franci Neely Foundation has awarded $1,086,889 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED LIST PURPOSE: GENERAL CHARITABLE PURPOSES | $809,751 |
SEE ATTACHED LIST PURPOSE: GENERAL CHARITABLE PURPOSES | $277,138 |