The Edward And Teresa Nolan Family Foundation Inc
- Assets
- $1.2m
- Revenue
- $549.1k
- Investments
- $1.1m
- Employees
- 0
- Location
- Westhampton, NY
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 83-2309820
Organization Overview
The Edward And Teresa Nolan Family Foundation Inc is located in Westhampton, NY. The organization was established in 2019. According to its NTEE Classification (T01) the organization is classified as: Alliances & Advocacy, 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. Edward And Teresa Nolan 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 12/2022, Edward And Teresa Nolan Family Foundation Inc generated $549.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $76.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Edward And Teresa Nolan Family Foundation Inc has awarded 82 individual grants totaling $136,000. 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 |
|---|---|---|---|
Teresa Nolan President | 1 | $0 | |
Edward J Nolan III Vice President | 1 | $0 | |
Jennifer Nolan Treasurer | 1 | $0 | |
Derek Nolan Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $293,019 |
| Interest on Savings | $126 |
| Dividends & Interest | $16,462 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $239,501 |
| Capital Gain Net Income | $239,501 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $549,108 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,302 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,379 |
| Total operating and administrative expenses | $10,931 |
| Contributions, gifts, grants paid | $65,500 |
| Total expenses and disbursements | $76,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $141,907 |
| 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 | $1,051,107 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,193,014 |
| 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, The Edward And Teresa Nolan Family Foundation Inc has awarded $65,500 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: DONATION | $1,000 |
CAPUCHIN FRANCISCAN FIRARS PURPOSE: DONATION | $1,000 |
FRANCISCAN FRIARS - HOLY NAME PROVINCE NY PURPOSE: DONATION | $10,000 |
FRANCISCAN FRIARS - SIENA FRIARY PURPOSE: DONATION | $10,000 |
FATHERS OF SAINT CHARLES PURPOSE: DONATION | $1,000 |
HEARTSHERD ANIMAL SANCTUARY PURPOSE: DONATION | $1,000 |