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Downey Family Foundation

Organization summary

Type of Nonprofit

Designated as a 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.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$45.2k (2024)

Expenses
$80.1k (2024)

Total Assets
$858k (2024)

Total Liabilities
$0 (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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$45,160
Expenses
$80,073
Net Income
-$34,913
Net Assets
$858,398
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $986
2.2%
Dividends $30,520
67.6%
Sales of Assets $13,401
29.7%
Other Income $253
0.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $66,000
82.4%
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 $858,398
Total Liabilities $0
Net Assets $858,398
Compensation
Key Employees and Officers Compensation Other
Laura M Downey (President) $0 $0
Sherry A Downey (Sec./Treas.) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$32,283
Expenses
$72,546
Net Income
-$40,263
Net Assets
$893,311
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,249
3.9%
Dividends $28,799
89.2%
Sales of Assets $2,034
6.3%
Other Income $201
0.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $60,000
82.7%
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 $893,311
Total Liabilities $0
Net Assets $893,311
Compensation
Key Employees and Officers Compensation Other
Laura M Downey (President) $0 $0
Sherry A Downey (Sec./Treas.) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$55,006
Expenses
$32,744
Net Income
$22,262
Net Assets
$933,574
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $26,444
48.1%
Sales of Assets $28,562
51.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $19,000
58.0%
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 $933,574
Total Liabilities $0
Net Assets $933,574
Compensation
Key Employees and Officers Compensation Other
Laura M Downey (President) $0 $0
Sherry A Downey (Sec./Treas.) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$53,574
Expenses
$38,487
Net Income
$15,087
Net Assets
$911,312
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $23,561
44.0%
Sales of Assets $30,013
56.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $25,000
65.0%
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 $911,312
Total Liabilities $0
Net Assets $911,312
Compensation
Key Employees and Officers Compensation Other
Laura M Downey (President) $0 $0
Sherry A Downey (Sec./Treas.) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$28,932
Expenses
$13,055
Net Income
$15,877
Net Assets
$896,224
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $44
0.2%
Dividends $26,579
91.9%
Sales of Assets $2,309
8.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
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 $896,225
Total Liabilities $1
Net Assets $896,224
Compensation
Key Employees and Officers Compensation Other
Laura M Downey (President) $0 $0
Sherry A Downey (Sec./Treas.) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$62,997
Expenses
$38,863
Net Income
$24,134
Net Assets
$880,347
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $71
0.1%
Dividends $26,845
42.6%
Sales of Assets $36,081
57.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $25,000
64.3%
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 $880,348
Total Liabilities $1
Net Assets $880,347
Compensation
Key Employees and Officers Compensation Other
Laura M Downey (President) $0 $0
Sherry A Downey (Sec./Treas.) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$116,804
Expenses
$36,893
Net Income
$79,911
Net Assets
$856,214
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $69
0.1%
Dividends $27,692
23.7%
Sales of Assets $89,043
76.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $25,000
67.8%
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 $856,214
Total Liabilities $0
Net Assets $856,214
Compensation
Key Employees and Officers Compensation Other
Laura M Downey (President) $0 $0
Sherry A Downey (Sec./Treas.) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$55,662
Expenses
$80,976
Net Income
-$25,314
Net Assets
$776,303
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $31
0.1%
Dividends $30,046
54.0%
Sales of Assets $25,585
46.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $65,000
80.3%
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 $776,303
Total Liabilities $0
Net Assets $776,303
Compensation
Key Employees and Officers Compensation Other
Laura M Downey (President) $0 $0
Sherry A Downey (Sec./Treas.) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$121,094
Expenses
$12,339
Net Income
$108,755
Net Assets
$801,617
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $6
0.0%
Dividends $26,160
21.6%
Sales of Assets $94,928
78.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $500
4.1%
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 $801,617
Total Liabilities $0
Net Assets $801,617
Compensation
Key Employees and Officers Compensation Other
Laura M Downey (President) $0 $0
Sherry A Downey (Sec./Treas.) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$83,769
Expenses
$212,800
Net Income
-$129,031
Net Assets
$692,862
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $6
0.0%
Dividends $33,368
39.8%
Sales of Assets $50,395
60.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $200,000
94.0%
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 $692,862
Total Liabilities $0
Net Assets $692,862
Compensation
Key Employees and Officers Compensation Other
Joseph L Downey (President) $0 $0
Sherry A Downey (Sec./Treas.) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$69,834
Expenses
$93,521
Net Income
-$23,687
Net Assets
$821,893
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,620
5.2%
Dividends $36,853
52.8%
Sales of Assets $29,361
42.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $80,000
85.5%
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 $821,893
Total Liabilities $0
Net Assets $821,893
Compensation
Key Employees and Officers Compensation Other
Joseph L Downey (President) $0 $0
Sherry A Downey (Sec./Treas.) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$1,772
Expenses
$82,858
Net Income
-$84,630
Net Assets
$845,580
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $5,545
Dividends $31,686
Sales of Assets -$39,003
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $72,500
87.5%
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 $845,580
Total Liabilities $0
Net Assets $845,580
Compensation
Key Employees and Officers Compensation Other
Joseph L Downey (President) $0 $0
Sherry A Downey (Sec./Treas.) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$35,965
Expenses
$78,790
Net Income
-$42,825
Net Assets
$930,209
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $5,847
16.3%
Dividends $38,910
> 100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $75,000
95.2%
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 $930,210
Total Liabilities $1
Net Assets $930,209

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$33,276
Expenses
$68,904
Net Income
-$35,628
Net Assets
$973,034
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $5,812
17.5%
Dividends $29,998
90.1%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $66,000
95.8%
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 $973,035
Total Liabilities $1
Net Assets $973,034

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

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

Document Links

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.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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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.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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