Charles P Downey Family Foundation
- Assets
- $2.6m
- Revenue
- $41.4k
- Investments
- $2.3m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 07/2016
- Data as of
- 12/2023
- EIN
- 81-0902969
Organization Overview
Charles P Downey Family Foundation is located in Pennington, NJ. The organization was established in 2016. 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. Charles P Downey 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, Charles P Downey Family Foundation generated $41.4k 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 (18.1%) each year. All expenses for the organization totaled $452.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Charles P Downey Family Foundation has awarded 22 individual grants totaling $2,044,690. 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 |
|---|---|---|---|
Charles P Downey Pres/treas/director | 1 | $0 | |
Judith C Downey Secretary/director | 1 | $0 | |
Douglas C Downey Director | 1 | $0 | |
Julie Fleischer Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $79,822 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$45,556 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,087 |
| Total Revenue | $41,353 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,128 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $22,859 |
| Contributions, gifts, grants paid | $429,370 |
| Total expenses and disbursements | $452,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,460 |
| Savings and temporary cash investments | $206,257 |
| 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 | $445,426 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,590,290 |
| 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, Charles P Downey Family Foundation has awarded $429,370 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NEBRASKA FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $89,370 |
OMAHA COMMUNITY FDN (OCF) PURPOSE: UNRESTRICTED GENERAL | $160,000 |
ABIDE NETWORK PURPOSE: UNRESTRICTED GENERAL | $130,000 |
YOUNG LIFE PURPOSE: UNRESTRICTED GENERAL | $50,000 |