Michael J Connell Foundation Michael J Connell Charities Lte
- Assets
- $12.9m
- Revenue
- $739.9k
- Investments
- $12.6m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 04/1935
- Data as of
- 06/2023
- EIN
- 95-6000904
Organization Overview
Michael J Connell Foundation Michael J Connell Charities Lte is located in Pasadena, CA. The organization was established in 1935. 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. Michael J Connell Foundation Michael J Connell Charities Lte 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 06/2023, Michael J Connell Foundation Michael J Connell Charities Lte generated $739.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $958.9k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Michael J Connell Foundation Michael J Connell Charities Lte has awarded 170 individual grants totaling $5,890,700. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Connell President | 0.1 | $0 | |
Christopher Connell Director | 0.1 | $0 | |
Leith O'leary Vp/treasurer | 0.1 | $0 | |
Paul Grossman Vice President | 0.1 | $0 | |
Jennifer Devoll Director | 0.1 | $0 | |
Kristina Alley Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $397,774 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $333,713 |
| Capital Gain Net Income | $333,713 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,415 |
| Total Revenue | $739,902 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $29,337 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,737 |
| Depreciation | $0 |
| Occupancy | $25,766 |
| Travel, conferences, and meetings | $375 |
| Printing and publications | $0 |
| Other expenses | $5,874 |
| Total operating and administrative expenses | $208,930 |
| Contributions, gifts, grants paid | $750,000 |
| Total expenses and disbursements | $958,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,239 |
| Savings and temporary cash investments | $230,436 |
| 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 | $5,479,602 |
| Net Land, buildings, and equipment | $42,572 |
| Other assets | $29,216 |
| Total assets | $12,934,362 |
| 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 | $1,097 |
| Total liabilities | $1,097 |
Grants Awarded
Over the last fiscal year, Michael J Connell Foundation Michael J Connell Charities Lte has awarded $750,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
A NOISE WITHIN PURPOSE: GRANT | $30,000 |
ANTAEUS COMPANY PURPOSE: PROGRAM SUPPORT | $30,000 |
ARROYOS & FOOTHILLS CONSERVANCY PURPOSE: GRANT | $75,000 |
BOYS AND GIRLS CLUB PURPOSE: DONATION TO PROJECT LEARN | $30,000 |
CAMERATA PACIFICA PURPOSE: GRANT | $15,000 |
CAPITAL AREA FOOD BANK PURPOSE: HOLIDAY DONATION | $10,000 |