The Pierro Family Charitable Foundation Trust
- Assets
- $119.3k
- Revenue
- $4.4k
- Investments
- $115.1k
- Employees
- 0
- Location
- Bluffton, SC
- Founding
- 03/2003
- Data as of
- 12/2022
- EIN
- 05-6134047
Organization Overview
The Pierro Family Charitable Foundation Trust is located in Bluffton, SC. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pierro Family Charitable Foundation Trust 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 12/2022, Pierro Family Charitable Foundation Trust generated $4.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $6.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION USES PROCEEDS FROM INVESTMENT INCOME TO SUPPORT LOCAL CHARITABLE ENDEAVORS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mario Pierro President | 3 | $0 | |
Diane Pierro Vice Pres | 1 | $0 | |
Vincenza Altamura Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,769 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $1,273 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,611 |
| Total Revenue | $4,380 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $6,000 |
| Total expenses and disbursements | $6,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,228 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $115,052 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $119,280 |
| 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, The Pierro Family Charitable Foundation Trust has awarded $6,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BLUFFTON PURPOSE: MENTAL HEALTHAWARENESS | $1,000 |
LOWCOUNTRY PURPOSE: ANNUAL FUNDRAISINGEFFORT | $1,000 |
BOY'S TOWN PURPOSE: HEALINGFAMILIES | $1,000 |
COMMUNITY FOUNDATION OF PURPOSE: ANNUALGIVING | $1,000 |
ST JUDE'S PURPOSE: CHILD'S HEALTHCARE | $1,000 |
PALMETTO PURPOSE: ANIMAL CARE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |
Darnall W Boyd Foundation Inc Columbia, SC | $0 | $6,239,520 |
Grizzard Family Foundation Inc Stone Mountain, GA | $7,597,688 | $166,630 |
Spring Foundation Inc Atlanta, GA | $104,160,284 | -$7,184,259 |
The Williams Brice Edwards Charitable Trust Sumter, SC | $57,951,375 | $6,028,487 |
The Scott Hudgens Family Foundation Inc Duluth, GA | $0 | $7,703,530 |
The Gift Of Hope Foundation Inc Roswell, GA | $66,505,995 | $8,440,568 |
Edus H & Harriet H Warren Foundation Inc Atlanta, GA | $0 | $46,804 |
William Howard Flowers Jr Thomasville, GA | $119,914,251 | $6,796,177 |
Wade L Layton Charitable Trust Savannah, GA | $6,847,787 | $1,861,389 |