Whelan Foundation Inc

Sea Girt, NJ
Tax-exempt since Nov. 1994
EIN: 22-3321789

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$3.82k (2024)

Expenses

$261k (2024)

Total Assets

$1.62M (2024)

Total Liabilities

$85.3k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$3,819

Expenses

$261,347

Net Income

-$257,528

Net Assets

$1,532,861

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,554	> 100%
Dividends	$75,137	> 100%
Sales of Assets	-$83,420
Other Income	$3,548	92.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$207,775	79.5%
Compensation of Officers*	$50,000	19.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,618,190
Total Liabilities	$85,329
Net Assets	$1,532,861

Compensation

Key Employees and Officers	Compensation	Other
Katherine Whelan (Director)	$25,000	$0
Patrick Whelan (Director)	$25,000	$0
Margaret Whelan (President)	$0	$0
Thomas Whelan Jr (Trustee)	$0	$0
Jon Whelan (Trustee)	$0	$0

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990-PF

Filed on May 6, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$97,392

Expenses

$234,802

Net Income

-$137,410

Net Assets

$1,790,389

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$89	0.1%
Dividends	$78,323	80.4%
Sales of Assets	$6,874	7.1%
Other Income	$12,106	12.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$203,000	86.5%
Compensation of Officers*	$25,000	10.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,906,950
Total Liabilities	$116,561
Net Assets	$1,790,389

Compensation

Key Employees and Officers	Compensation	Other
Katherine Whelan (Director)	$12,500	$0
Patrick Whelan (Director)	$12,500	$0
Margaret Whelan (President)	$0	$0
Thomas Whelan Jr (Trustee)	$0	$0
Jon Whelan (Trustee)	$0	$0

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990-PF

Filed on Aug. 13, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$168,371

Expenses

$197,420

Net Income

-$29,049

Net Assets

$1,927,799

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$119	0.1%
Dividends	$112,981	67.1%
Sales of Assets	$45,903	27.3%
Other Income	$9,368	5.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$192,800	97.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,927,799
Total Liabilities	$0
Net Assets	$1,927,799

Compensation

Key Employees and Officers	Compensation	Other
Margaret Whelan (President)	$0	$0
Thomas Whelan Jr (Trustee)	$0	$0
Jon Whelan (Trustee)	$0	$0
Katherine Whelan (Director)	$0	$0
Patrick Whelan (Director)	$0	$0

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990-PF

Filed on May 12, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$115,345

Expenses

$183,630

Net Income

-$68,285

Net Assets

$1,956,848

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$26	0.0%
Dividends	$94,409	81.8%
Sales of Assets	$19,157	16.6%
Other Income	$1,753	1.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$158,630	86.4%
Compensation of Officers*	$25,000	13.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,956,848
Total Liabilities	$0
Net Assets	$1,956,848

Compensation

Key Employees and Officers	Compensation	Other
Katherine Whelan (Director)	$12,500	$0
Patrick Whelan (Director)	$12,500	$0
Margaret Whelan (President)	$0	$0
Thomas Whelan Jr (Trustee)	$0	$0
Jon Whelan (Trustee)	$0	$0

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990-PF

Filed on July 28, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$99,778

Expenses

$218,363

Net Income

-$118,585

Net Assets

$2,025,132

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14,538	14.6%
Dividends	$97,031	97.2%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$179,625	82.3%
Compensation of Officers*	$25,000	11.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,025,133
Total Liabilities	$1
Net Assets	$2,025,132

Compensation

Key Employees and Officers	Compensation	Other
Katherine Whelan (Director)	$12,500	$0
Patrick Whelan (Director)	$12,500	$0
Margaret Whelan (President)	$0	$0
Thomas Whelan Jr (Trustee)	$0	$0
Jon Whelan (Trustee)	$0	$0

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990-PF

Filed on Aug. 25, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$152,359

Expenses

$200,570

Net Income

-$48,211

Net Assets

$2,143,717

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$20,517	13.5%
Dividends	$125,938	82.7%
Sales of Assets	$3,596	2.4%
Other Income	$2,308	1.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$171,936	85.7%
Compensation of Officers*	$25,000	12.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,143,718
Total Liabilities	$1
Net Assets	$2,143,717

Compensation

Key Employees and Officers	Compensation	Other
Katherine Whelan (Director)	$12,500	$0
Patrick Whelan (Director)	$12,500	$0
Thomas Whelan (President)	$0	$0
Margaret Whelan (Trustee)	$0	$0
Thomas Whelan Jr (Trustee)	$0	$0
Jon Whelan (Trustee)	$0	$0

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990-PF

Filed on July 9, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$161,707

Expenses

$372,418

Net Income

-$210,711

Net Assets

$2,191,929

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$19,008	11.8%
Dividends	$136,610	84.5%
Sales of Assets	$6,089	3.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$343,536	92.2%
Compensation of Officers*	$25,000	6.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,191,929
Total Liabilities	$0
Net Assets	$2,191,929

Compensation

Key Employees and Officers	Compensation	Other
Katherine Whelan (Director)	$12,500	$0
Patrick Whelan (Director)	$12,500	$0
Thomas Whelan (President)	$0	$0
Margaret Whelan (Trustee)	$0	$0
Thomas Whelan Jr (Trustee)	$0	$0
Jon Whelan (Trustee)	$0	$0

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990-PF

Filed on May 7, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$657,007

Expenses

$141,519

Net Income

$515,488

Net Assets

$2,402,640

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$504,698	76.8%
Interest Revenue	$18,937	2.9%
Dividends	$112,793	17.2%
Sales of Assets	$20,579	3.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$141,519	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,402,640
Total Liabilities	$0
Net Assets	$2,402,640

Compensation

Key Employees and Officers	Compensation	Other
Thomas Whelan (President)	$0	$0
Margaret Whelan (Trustee)	$0	$0
Thomas Whelan Jr (Trustee)	$0	$0
Jon Whelan (Trustee)	$0	$0

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990-PF

Filed on Aug. 20, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2016

Revenue

$88,578

Expenses

$126,201

Net Income

-$37,623

Net Assets

$1,887,152

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$18,919	21.4%
Dividends	$120,147	> 100%
Sales of Assets	-$50,488
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$101,201	80.2%
Compensation of Officers*	$25,000	19.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,887,152
Total Liabilities	$0
Net Assets	$1,887,152

Compensation

Key Employees and Officers	Compensation	Other
Thomas Whelan (President)	$12,500	$0
Margaret Whelan (Trustee)	$12,500	$0
Thomas Whelan Jr (Trustee)	$0	$0
Jon Whelan (Trustee)	$0	$0

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990-PF

Filed on May 8, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$130,259

Expenses

$158,442

Net Income

-$28,183

Net Assets

$1,924,775

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$18,900	14.5%
Dividends	$111,359	85.5%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$133,442	84.2%
Compensation of Officers*	$25,000	15.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,924,775
Total Liabilities	$0
Net Assets	$1,924,775

Compensation

Key Employees and Officers	Compensation	Other
Thomas Whelan (President)	$12,500	$0
Margaret Whelan (Trustee)	$12,500	$0
Thomas Whelan Jr (Trustee)	$0	$0
Jon Whelan (Trustee)	$0	$0

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990-PF

Filed on May 9, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$106,821

Expenses

$126,170

Net Income

-$19,349

Net Assets

$1,952,958

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$25,906	24.3%
Dividends	$109,862	> 100%
Sales of Assets	-$28,947
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$101,170	80.2%
Compensation of Officers*	$25,000	19.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,952,958
Total Liabilities	$0
Net Assets	$1,952,958

Compensation

Key Employees and Officers	Compensation	Other
Thomas Whelan (President)	$12,500	$0
Margaret Whelan (Trustee)	$12,500	$0
Thomas Whelan Jr (Trustee)	$0	$0
Jon Whelan (Trustee)	$0	$0

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990-PF

Filed on June 1, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$127,480

Expenses

$131,761

Net Income

-$4,281

Net Assets

$1,972,307

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$53,856	42.2%
Dividends	$72,974	57.2%
Sales of Assets	$650	0.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$106,761	81.0%
Compensation of Officers*	$25,000	19.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,972,307
Total Liabilities	$0
Net Assets	$1,972,307

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$131,787

Expenses

$116,432

Net Income

$15,355

Net Assets

$1,976,588

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$69,606	52.8%
Dividends	$62,181	47.2%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$101,432	87.1%
Compensation of Officers*	$15,000	12.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,976,588
Total Liabilities	$0
Net Assets	$1,976,588

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$131,418

Expenses

$126,626

Net Income

$4,792

Net Assets

$1,961,233

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$88,384	67.3%
Dividends	$43,034	32.7%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$111,626	88.2%
Compensation of Officers*	$15,000	11.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,961,233
Total Liabilities	$0
Net Assets	$1,961,233

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Updated December 5, 2025

Whelan Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $3.82k (2024)

Expenses $261k (2024)

Total Assets $1.62M (2024)

Total Liabilities $85.3k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$3.82k (2024)

Expenses

$261k (2024)

Total Assets

$1.62M (2024)

Total Liabilities

$85.3k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001