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Nonprofiteer
← JAMES W FOLEY LEGACY FOUNDATION INC

Form 990 for tax year 2024

Filed by JAMES W FOLEY LEGACY FOUNDATION INC.

Totals

Total revenue
$716,349
Total expenses
$759,193
Contributions and grants received
$662,074
Grants paid
$0
Program service revenue
$0
Investment income
$23,239
Other revenue
$31,036
Total assets, end of year
$977,470
Total liabilities, end of year
$20,977
Net assets or fund balances, end of year
$956,493
Program services expenses (Part IX)
$470,274
Management and general expenses
$112,943
Fundraising expenses
$175,976
Program service expenses (Part III)
$470,274

Program services were 61.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $337,886

  • 1f · All other contributions, gifts and grants

    $324,188

  • 3 · Investment income

    total $23,239 · excluded $23,239

  • 8a · Fundraising events: gross income

    $215,307

  • 8a · Fundraising events: contributions included on line 1c

    $337,886

  • 8b · Fundraising events: direct expenses

    $211,859

  • 8c · Net income from fundraising events

    total $3,448

  • 11a · Other revenue: OTHER REVENUE

    total $27,588 · related or exempt $27,588

  • 11e · Other revenue, total

    $27,588

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $409,206 · program services $265,984 · management and general $20,460 · fundraising $122,762

  • 9 · Other employee benefits

    total $46,622 · program services $30,304 · management and general $2,331 · fundraising $13,987

  • 10 · Payroll taxes

    total $27,353 · program services $17,779 · management and general $1,368 · fundraising $8,206

  • 11c · Fees: accounting

    total $5,730 · program services $5,730

  • 11g · Fees: other

    total $97,348 · program services $66,327 · fundraising $31,021

  • 12 · Advertising and promotion

    total $3,589 · program services $3,589

  • 13 · Office expenses

    total $20,698 · management and general $20,698

  • 16 · Occupancy

    total $12,758 · management and general $12,758

  • 17 · Travel

    total $39,859 · program services $39,859

  • 19 · Conferences, conventions and meetings

    total $1,117 · program services $1,117

  • 20 · Interest

    total $235 · program services $235

  • 22 · Depreciation, depletion and amortization

    total $1,231 · management and general $1,231

  • 23 · Insurance

    total $8,627 · program services $431 · management and general $8,196

  • 24a · Other expenses: PILLAR PROGRAMS

    total $29,775 · program services $29,775

  • 24b · Other expenses: SUPPORT SOFTWARE

    total $19,692 · management and general $19,692

  • 24c · Other expenses: BANK & CREDIT CARD FEES

    total $11,955 · management and general $11,955

  • 24d · Other expenses: WEBSITE MAINTENANCE

    total $10,232 · management and general $10,232

  • 24e · All other expenses

    total $13,166 · program services $9,144 · management and general $4,022

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $119,547 · end of year $69,989

  • 10a · Land, buildings and equipment: cost or other basis

    $14,880

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,670

  • 10c · Land, buildings and equipment, net

    beginning of year $2,048 · end of year $5,210

  • 11 · Investments: publicly traded securities

    beginning of year $810,825 · end of year $874,704

  • 15 · Other assets

    beginning of year $890 · end of year $27,567

  • 25 · Other liabilities

    beginning of year $24,542 · end of year $20,977

  • 27 · Net assets without donor restrictions

    beginning of year $908,768 · end of year $956,493

Mission and programs · 2024

Mission

INSPIRED BY THE LIFE, WORK, AND MORAL COURAGE OF AMERICAN JOURNALIST, EDUCATOR, AND HUMANITARIAN JAMES W. FOLEY, THE FOLEY FOUNDATION ADVOCATES FOR THE FREEDOM OF INNOCENT US NATIONALS HELD CAPTIVE ABROAD AND PROMOTE JOURNALIST SAFETY. TO DO THIS, WE CONDUCT UNIQUE AND AUTHORITATIVE RESEARCH ABOUT HOSTAGE-TAKING. WE USE DATA ABOUT ISSUES AND STRUCTURED INTERVIEWS THAT CAPTURE THE LIVED EXPERIENCES OF HOSTAGE FAMILIES AND THOSE WHO HAVE RETURNED FROM CAPTIVITY TO INFORM THE PUBLIC AND POLICYMAKERS. WE MAKE LEGISLATIVE AND POLICY RECOMMENDATIONS FOR REFORMS THAT WILL BRING MORE AMERICANS HOME MORE QUICKLY, SUPPORT VICTIMS, AND ULTIMATELY DETER AND PREVENT THE SCOURGE OF HOSTAGE-TAKING.

  • TO ADVOCATE FOR AMERICAN HOSTAGES AND WRONGFUL DETAINEES HELD ABROAD AND PROMOTE JOURNALIST SAFETY.

    Expenses $470,274

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Diane M Foley

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • Peter Ventura

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ellen Shearer

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ali Soufan

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Christopher Costa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Rana H Altenburg

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • David Levinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Fernando Colina

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Richard Gingras

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Neda Sharghi Salehi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mark Donig

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Benjamin Gray

    EXECUTIVE DI

    Total calculated
    $180,000
    From this org
    $180,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $180,000

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
30 October 2025
IRS schema version
2024v5.0
Source object
202523149349305012

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