Iorio Charitable Foundation
- Assets
- $1.6m
- Revenue
- $33.9k
- Investments
- $1.5m
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 04/1996
- Data as of
- 10/2023
- EIN
- 04-6745180
Organization Overview
Iorio Charitable Foundation is located in Worcester, MA. The organization was established in 1996. According to its NTEE Classification (I99) the organization is classified as: Crime & Legal-Related N.E.C., under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iorio Charitable Foundation 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 10/2023, Iorio Charitable Foundation generated $33.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.8%) each year. All expenses for the organization totaled $87.8k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Iorio Charitable Foundation has awarded 104 individual grants totaling $492,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sumner B Tilton Jr Trustee | 0.5 | $0 | |
Dorothy Iorio Trustee | 0.5 | $0 | |
Theodore L Iorio Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $178 |
| Dividends & Interest | $54,844 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$21,168 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,854 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $128 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $93 |
| Total operating and administrative expenses | $11,845 |
| Contributions, gifts, grants paid | $76,000 |
| Total expenses and disbursements | $87,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,590 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,518,319 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,581,909 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Iorio Charitable Foundation has awarded $76,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BAY STATE SPEEDSKATING CLUB INC PURPOSE: GENERAL | $2,500 |
COFFE UNLIMITED PURPOSE: GENERAL | $10,000 |
ANNA MARIA COLLEGE PURPOSE: GENERAL SUPPORT | $2,500 |
CUSHING ACADEMY PURPOSE: GENERAL | $1,500 |
FOXBORO SKATEPARK ASSOCIATION PURPOSE: GENERAL | $1,500 |
FOXBOROUGH HIGH SCHOOL PURPOSE: GENERAL | $7,000 |