Deluca Foundation Inc
- Assets
- $6.2m
- Revenue
- $394.7k
- Investments
- $3.3m
- Employees
- 0
- Location
- Natick, MA
- Founding
- 05/1986
- Data as of
- 04/2023
- EIN
- 04-2861153
Organization Overview
Deluca Foundation Inc is located in Natick, MA. The organization was established in 1986. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deluca Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2023, Deluca Foundation Inc generated $394.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 65.3% each year . All expenses for the organization totaled $873.1k during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Deluca Foundation Inc has awarded 50 individual grants totaling $429,774. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
VARIOUS AWARDS AND PRIZES GIVEN TO VARIOUS RESEARCHERS, CLINICIANS, AND EDUCATORS IN ORDER FOR THEM TO DEVELOP THEIR AREAS OF EXPERTISE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Devi Deluca President, Clerk, Director | 1 | $0 | |
Robert N Nardella Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,819 |
| Interest on Savings | $10,943 |
| Dividends & Interest | $82,332 |
| Net Rental Income | -$397,735 |
| Net Gain on Sale of Assets | -$1,068 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $394,726 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $168,254 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,634 |
| Depreciation | $517,286 |
| Occupancy | $45,281 |
| Travel, conferences, and meetings | $5,665 |
| Printing and publications | $0 |
| Other expenses | $39,467 |
| Total operating and administrative expenses | $866,278 |
| Contributions, gifts, grants paid | $6,851 |
| Total expenses and disbursements | $873,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $359,081 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $2,500,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,141,562 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $18,224 |
| Total assets | $6,204,828 |
| Accounts payable and accrued expenses | $8 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8 |
Grants Awarded
Over the last fiscal year, Deluca Foundation Inc has awarded $6,851 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DR FEMKE DIJKSTRA PURPOSE: ANNUAL DELSYS PRIZE CHALLENGE | $4,000 |
PROF ANDREW CRESSWELL PURPOSE: EMERGING SCIENTIST AWARD | $2,500 |
NATALIYA PEREVOSHCHIKOVA PURPOSE: 2022 ABC13 PRESENTATION AWARD | $351 |