Jay And Sarah Flatley Foundation
- Assets
- $26.5m
- Revenue
- $1.5m
- Investments
- $26.1m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2017
- Data as of
- 12/2023
- EIN
- 81-3855993
Organization Overview
Jay And Sarah Flatley Foundation is located in Wilmington, DE. The organization was established in 2017. 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. Jay And Sarah Flatley 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, Jay And Sarah Flatley Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.4%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Jay And Sarah Flatley Foundation has awarded 66 individual grants totaling $4,599,000. 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 |
|---|---|---|---|
Jay Flatley Dir, Co- Pres, Sec, Treas | 1 | $0 | |
Sarah Flatley Co- Pres, Dir | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldman Sachs & Co Llc | 12/30/23 | $111,011 |
Foundation Source | 12/30/23 | $65,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24,095 |
| Dividends & Interest | $682,042 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $760,835 |
| Capital Gain Net Income | $1,573,554 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,549 |
| Total Revenue | $1,476,521 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $68,023 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $87,455 |
| Total operating and administrative expenses | $266,489 |
| Contributions, gifts, grants paid | $1,302,000 |
| Total expenses and disbursements | $1,568,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $403,723 |
| 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 | $6,797,280 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $26,532,400 |
| 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 | $18,509 |
| Total liabilities | $18,509 |
Grants Awarded
Over the last fiscal year, Jay And Sarah Flatley Foundation has awarded $1,302,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
APOE4INFO INC PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
CENTER FOR AMERICAN GREATNESS INC PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
CLAREMONT-MCKENNA COLLEGE PURPOSE: SCIENCE CENTER | $250,000 |
GOLDMAN SACHS PHILANTHROPY FUND PURPOSE: GENERAL & UNRESTRICTED | $400,000 |
SALK INSTITUTE FOR BIOLOGICAL STUDIES PURPOSE: BUILDING PROGRAM AND RESEARCH PROGRAM | $250,000 |
SALK INSTITUTE FOR BIOLOGICAL STUDIES PURPOSE: CHARITABLE EVENT | $50,000 |