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Connelly Family Foundation EIN 33-0783714

Connelly Family Foundation

EIN  33-0783714 Private foundation / grantmaker Newport Beach, CA
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Size
$1–10M
What they do
A private foundation based in Newport Beach, CA. It reported about $1.0M in revenue for 2025.
Leadership
Diane Connelly · President
Money in and out
$1.0M revenue, $470K expenses
Bottom line
—

A private foundation based in Newport Beach, CA. It reported about $1.0M in revenue for 2025. For fiscal year 2025 it reported $1.0M in revenue, $470K in expenses, and $513K in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$470K
Pt IX · Ln 25
Net assets
$513K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $568K
Total assets
513K
deployed as grants and operations
Grants paid
459K
in FY2025
Grants made
63grants
total in period
Payout rate
90%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 63 grants · $459K · 2025–2025
Orange County Museum of ArtFY2025$161,000
Hoag Hospital FoundationFY2025$46,000
Garden ConservancyFY2025$39,000
Ecology CenterFY2025$34,863
Augie's QuestFY2025$34,740
Frick CollectionFY2025$20,000
University of Southern CaFY2025$17,100
VariousFY2025$11,808
The ShedFY2025$11,217
Trout UnlimitedFY2025$10,000
Ballet Sun ValleyFY2025$10,000
Villanova UniversityFY2025$5,500
Catalina Island ConservancyFY2025$5,000
Second Harvest Food Bank of Orange CountyFY2025$5,000
Merrill CollectionFY2025$3,000
The Argyros TheatreFY2025$2,500
Risehyre (formerly Oscar & Ma)FY2025$2,500
New York City BalletFY2025$2,500
See all 63 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$7K
Median grantPart XV$1K
Largest grantPart XV$161K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$1.0M
FY2025▲ +8%
Expenses
$470K
FY2025▲ +20%
Total assets
$513K
FY2025▼ -4%
Total liabilities
$0
FY2025
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$470K
Pt IX · Ln 25
Net assets
$513K
Pt X · Ln 32
Total assetsPt II$513K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CConnelly Family Foundation
EINHdr · item D33-0783714
Principal addressHdr · item CNewport Beach, CA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20Z)
Ruling yearIRS BMFNov 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
See Connelly Family Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$600K · 58%
Investment income$438K · 42%
Contributions & grants58%$600K
Investment income42%$438K
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.98 Operating & administrative $0.02
Grants & contributions paid98%$459K
Operating & administrative2%$11K
Total functional expensesLn 25$470K

Balance Sheet

Part X · end of year
CashLn 1$-991
Total assetsLn 16$513K
Total liabilitiesLn 26$0
Total net assetsLn 32$513K
Months of cash on handcomputed-0.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $513K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $1.0M
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $1.0M
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year $960K
+8%
Revenue CAGR
FY2020 $167K · FY2025 $1.0M
+44%
Net-asset trend (YoY)
End of year $513K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $470K
+55%
Liabilities-to-Assets
Total liabilities — · Total assets $513K
—
Net-asset ratio
Net assets $513K · Total assets $513K
100%
People & payroll
Highest Reported Total Compensation
Individual Diane Connelly · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $470K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 8%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.0M revenue · viewing · ⤓ 990 PDF
FY2024$960K revenue · ⤓ 990 PDF
FY2023$415K revenue · ⤓ 990 PDF
FY2022$289K revenue · ⤓ 990 PDF
FY2021$409K revenue · ⤓ 990 PDF
FY2020$167K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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