The Edward And Teresa Nolan Family Foundation Inc
- Assets
- $945.0k
- Revenue
- $478.9k
- Investments
- $740.5k
- Employees
- 0
- Location
- Westhampton, NY
- Founding
- 08/2019
- Data as of
- 12/2021
- 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 12/2021, Edward And Teresa Nolan Family Foundation Inc generated $478.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $49.6k during the year ending 12/2021. While expenses have increased by 25.4% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward J Nolan III Vice President | 1 | $0 | |
Teresa Nolan President | 1 | $0 | |
Derek Nolan Secretary | 1 | $0 | |
Jennifer Nolan Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,563 |
| Interest on Savings | $23 |
| Dividends & Interest | $12,283 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $216,028 |
| Capital Gain Net Income | $216,028 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $478,897 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,790 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,801 |
| Total operating and administrative expenses | $8,591 |
| Contributions, gifts, grants paid | $41,000 |
| Total expenses and disbursements | $49,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $204,537 |
| 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 | $740,484 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $945,021 |
| 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 $41,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
HOLY NAME PROVINCE PURPOSE: DONATION | $3,000 |
IMMACULATE CONCEPTION CHURCH PURPOSE: DONATION | $3,000 |
MISSIONARIES OF SAINT CHARLES PURPOSE: DONATION | $2,000 |
SISTERS OF SAINT CYRIL AND METHODIUS PURPOSE: DONATION | $2,000 |
Hauppauge, NY PURPOSE: DONATION | $2,000 |
MARIA DROSTE FOUNDATION PURPOSE: DONATION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Investors Exchange Inc New York, NY | $5,443,733 | $3,429,214 |
Janet W Mccune Pittsburgh, PA | $8,075,163 | $998,234 |
Goodness Web Foundation Wayland, MA | $4,775,064 | $5,142,926 |
Community Inroads Inc North Andover, MA | $243,018 | $0 |
Hackett Philanthropies Foundation Shavertown, PA | $2,510,593 | $202,481 |
M&g Charitable Foundation Brooklyn, NY | $0 | $55,000 |
Ben-Abou Foundation Brooklyn, NY | $505,217 | $50,000 |
Brian And Mary Murphy Family Foundation Inc Chester, NJ | $1,108,942 | $156,341 |
Wm F Roth T-W Fbo Charities Acct No 063809900 Pittsburgh, PA | $1,185,892 | -$401 |
Talman Charitable Foundation Worcester, MA | $11,003 | $53,094 |
The Edward And Teresa Nolan Family Foundation Inc Westhampton, NY | $945,021 | $478,897 |
Latin American Studies For The Professions Inc Plattsburgh, NY | $811,121 | $25,891 |