Ocallaghan Family Foundation
- Assets
- $622.5k
- Revenue
- $30.9k
- Investments
- $519.7k
- Employees
- 0
- Location
- Newport, OR
- Founding
- 05/2000
- Data as of
- 12/2023
- EIN
- 93-1285835
Organization Overview
Ocallaghan Family Foundation is located in Newport, OR. The organization was established in 2000. 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. Ocallaghan 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, Ocallaghan Family Foundation generated $30.9k 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 (10.6%) each year. All expenses for the organization totaled $49.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ocallaghan Family Foundation has awarded 130 individual grants totaling $222,304. 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 |
|---|---|---|---|
Peggy O'callaghan Treasurer | 0.81 | $0 | |
Lani O'callaghan Director | 0.81 | $0 | |
Colleen O'callaghan Secretary | 0.9 | $0 | |
Molly J Gorger President | 0.63 | $0 | |
Janet O'callaghan Director | 0.42 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,449 |
| Dividends & Interest | $11,741 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,666 |
| Capital Gain Net Income | $16,666 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,856 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $804 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,387 |
| Contributions, gifts, grants paid | $37,048 |
| Total expenses and disbursements | $49,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,737 |
| Savings and temporary cash investments | $45,000 |
| 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 | $519,731 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $622,468 |
| 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, Ocallaghan Family Foundation has awarded $37,048 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHT HORIZONS PURPOSE: GENERAL SUPPORT | $412 |
BYBEE LAKE PURPOSE: GENERAL SUPPORT | $1,853 |
CHURCH AT THE PARK PURPOSE: GENERAL SUPPORT | $2,000 |
FRIENDS OF NEWPORT PARKS AND RECREATION INC PURPOSE: GENERAL SUPPORT | $6,000 |
FRIENDS OF NEWPORT SENIOR ACTIVITY CENTER PURPOSE: GENERAL SUPPORT | $1,000 |
GOOD NEIGHBOR CENTER PURPOSE: GENERAL SUPPORT | $1,853 |