The Halloran Foundation

Nonprofit profile at a glance

EIN
256885444
IRS 990-PF coverage
2011–2024
Forms available
Form 990-PF 2024, Form 990-T 2024
Location
West Conshohocken, PA, USA
Phone
6102601555
Rating
71
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$703,906
Expenses
$398,540

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Fund Raising and Fund Distribution

What it reported funding in 2024

The foundation reported 1 grant totaling $83,333. The stated grant purpose was all recoverable grant funds, including any interest and other income earned thereon, must be expended exclusively for charitable purposes within the meaning of section 501(c)(3) of the code and specifically for the expenses set forth below in section 1.2(b) of this agreement in support of the charitable purposes. recoverable grant funds may not be expended for any other purpose without the prior written approval of recoverable grantor. any funds not expended or committed for the charitable purposes in accordance with the terms hereof must be returned to recoverable grantor.specifically, the proceeds of the disbursements shall be used to support the grantee in its expenses associated with the operation, and management of the fund, focused on investing in underrepresented entrepreneurs and providing them with support needed to succeed..

Operating model

Revenue model
Other-operating. 95% of the foundation's positive operating resources came from other operating revenue.
Distribution model
Hybrid. The foundation combined direct charitable work with grants to other organizations or people.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

SUPPORTED - The filing identifies who received its grants and a large share of available resources goes to charitable grants. A relatively small share of spending goes to grants and the filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: 62
  • Cost Efficiency: 21
  • Transparency: 100
  • Compliance: 92
  • Endowment Health: 96

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 61.5%; rating input score 62; 9th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 20.9%; rating input score 21; 9th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 16 of 19 controls in place; rating input score 84
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Fail
    • Compensation paid to a disqualified person: Fail
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Fail
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 82.86; rating input score 96; 96th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 61.5% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 96th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Cost Efficiency: Grant expense ratio scored 21/100.
  • Review — Compliance: Part VII-B activity disclosures: 3 of 19 not reported.