Deluca Foundation Inc
- Assets
- $8.3m
- Revenue
- $354.7k
- Investments
- $5.0m
- Employees
- 0
- Location
- Natick, MA
- Founding
- 05/1986
- Data as of
- 04/2021
- 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 04/2021, Deluca Foundation Inc generated $354.7k in total revenue. All expenses for the organization totaled $321.2k during the year ending 04/2021.
Since 2016, Deluca Foundation Inc has awarded 41 individual grants totaling $305,975. 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
2021
Describe the Organization's Program Activity:
FINANCIAL AID AWARDS TO VARIOUS GRADUATE STUDENTS
2020 EQUIPMENT DONATION INITIATIVE - EQUIPMENT DONATED TO VARIOUS RESEARCHERS, CLINICIANS, AND EDUCATORS IN ORDER FOR THEM TO DEVELOP THEIR AREAS OF EXPERTISE USING THE MOBILE TOOLS & TECHNOLOGIES PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Devi Deluca President, Clerk, Director | 1 | $0 | |
Richard Stein Director | 0 | $0 | |
Robert N Nardella Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $399 |
| Dividends & Interest | $81,038 |
| Net Rental Income | $78,119 |
| Net Gain on Sale of Assets | $3,806 |
| Capital Gain Net Income | $3,806 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $354,743 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $4,625 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $54,598 |
| Depreciation | $59,633 |
| Occupancy | $51,111 |
| Travel, conferences, and meetings | $550 |
| Printing and publications | $0 |
| Other expenses | $14,403 |
| Total operating and administrative expenses | $267,545 |
| Contributions, gifts, grants paid | $53,672 |
| Total expenses and disbursements | $321,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $342,359 |
| 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 | $6,315 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $2,919,307 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,445,278 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $28,629 |
| Total assets | $8,308,383 |
| Accounts payable and accrued expenses | $1,978 |
| 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 | $1,978 |
Grants Awarded
Over the last fiscal year, Deluca Foundation Inc has awarded $53,672 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
SELECT GRADUATE & POST DOCTORATE STUDENTS PURPOSE: $1000 FINANCIAL AID AWARDS GRANTED TO SELECTED INDIVIDUALS BASED ON NEED | $12,150 |
DR BRENDAN O'BRIEN PURPOSE: DR. O'BRIEN RECEIVED A 2-SENSOR TRIGNO AVANTI MOBILE SYSTEM, FOR CLINICAL ASSESSMENTS OF MOVEMENT PATTERNS IN PRE-POST OP AND INPATIENT SETTINGS. | $3,543 |
DR FRANCOIS HUG PURPOSE: DR. HUG RECEIVED A 2-SENSOR TRIGNO AVANTI MOBILE SYSTEM, FOR INTRODUCING ELECTROMYOGRAPHY TO STUDENTS AS PART OF A MASSIVE OPEN ONLINE COURSE (MOOC) ON HUMAN MOVEMENT, ATTENDED BY THOUSANDS OF STUDENTS PER SESSION. | $3,543 |
GANESH BAPAT PURPOSE: DR. BAPAT RECEIVED A 2-SENSOR TRIGNO AVANTI MOBILE SYSTEM, FOR ASSESSING THE EFFICACY OF A SELF-DEVELOPED NECK EXOSKELETON, AS WELL AS FOR USE IN INTRO TO BIOMECHANICS COURSES FOR STUDENTS. | $3,543 |
CHARALAMBOS CHARALAMBOUS PURPOSE: DR. CHARALAMBOUS RECEIVED A 2-SENSOR TRIGNO AVANTI MOBILE SYSTEM, FOR COHERENCE ASSESSMENTS OF LOWER EXTREMITY MUSCLES DURING GAIT IN STROKE PATIENTS. | $3,543 |
ZIED TAYEB PURPOSE: GENERAL RESEARCH GRANT | $2,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
N H Higher Education Loan Corporation Concord, NH | $928,313,847 | $60,034,018 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |