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Nonprofiteer
← JAMES W FOLEY LEGACY FOUNDATION INC

Form 990 for tax year 2023

Filed by JAMES W FOLEY LEGACY FOUNDATION INC.

Totals

Total revenue
$573,723
Total expenses
$664,374
Contributions and grants received
$319,472
Grants paid
$0
Program service revenue
$0
Investment income
$21,540
Other revenue
$232,711
Total assets, end of year
$933,310
Total liabilities, end of year
$24,542
Net assets or fund balances, end of year
$908,768
Program services expenses (Part IX)
$409,557
Management and general expenses
$77,246
Fundraising expenses
$177,571
Program service expenses (Part III)
$409,557

Program services were 61.6% 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.

  • 1f · All other contributions, gifts and grants

    $319,472

  • 3 · Investment income

    total $18,016 · excluded $18,016

  • 7a · Gross sales of assets other than inventory

    securities $289,436

  • 7b · Less cost or other basis and sales expenses

    securities $285,912

  • 7c · Gain or loss

    securities $3,524

  • 7d · Net gain or loss

    total $3,524 · related or exempt $3,524

  • 8a · Fundraising events: gross income

    $389,460

  • 8b · Fundraising events: direct expenses

    $166,887

  • 8c · Net income from fundraising events

    total $222,573

  • 11a · Other revenue: OTHER REVENUE

    total $10,138 · related or exempt $10,138

  • 11e · Other revenue, total

    $10,138

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $329,827 · program services $214,388 · management and general $16,491 · fundraising $98,948

  • 9 · Other employee benefits

    total $27,003 · program services $17,552 · management and general $1,350 · fundraising $8,101

  • 10 · Payroll taxes

    total $25,073 · program services $16,297 · management and general $1,254 · fundraising $7,522

  • 11c · Fees: accounting

    total $3,106 · program services $3,106

  • 11g · Fees: other

    total $110,183 · program services $47,183 · fundraising $63,000

  • 12 · Advertising and promotion

    total $10,707 · program services $10,707

  • 13 · Office expenses

    total $8,618 · management and general $8,618

  • 16 · Occupancy

    total $12,855 · management and general $12,855

  • 17 · Travel

    total $46,312 · program services $46,312

  • 19 · Conferences, conventions and meetings

    total $3,893 · program services $3,893

  • 22 · Depreciation, depletion and amortization

    total $389 · management and general $389

  • 23 · Insurance

    total $6,267 · program services $313 · management and general $5,954

  • 24a · Other expenses: PILLAR PROGRAMS

    total $35,543 · program services $35,543

  • 24b · Other expenses: SUPPORT SOFTWARE

    total $17,084 · management and general $17,084

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

    total $9,406 · management and general $9,406

  • 24d · Other expenses: INVESTMENT FEES

    total $6,254 · program services $6,254

  • 24e · All other expenses

    total $11,854 · program services $8,009 · management and general $3,845

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $192,498 · end of year $119,547

  • 3 · Pledges and grants receivable

    beginning of year $10,000

  • 4 · Accounts receivable

    beginning of year $1,366

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

    $10,487

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

    $8,439

  • 10c · Land, buildings and equipment, net

    beginning of year $318 · end of year $2,048

  • 11 · Investments: publicly traded securities

    beginning of year $750,938 · end of year $810,825

  • 15 · Other assets

    beginning of year $11,019 · end of year $890

  • 25 · Other liabilities

    beginning of year $46,322 · end of year $24,542

  • 27 · Net assets without donor restrictions

    beginning of year $919,817 · end of year $908,768

Mission and programs · 2023

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 FURTHER THE LEGACY OF ISIS MURDERED JOURNALIST JAMES W. FOLEY

    Expenses $409,557

As filed on the 2023 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

  • Jere Van Dyk

    BOARD MEMBER

    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

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.0
Source object
202433209349310808

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