David F Depaola Charitable Trust
- Assets
- $225.1k
- Revenue
- $14.7k
- Investments
- $176.5k
- Employees
- 0
- Location
- North Haven, CT
- Founding
- 06/2001
- Data as of
- 12/2022
- EIN
- 06-1607476
Organization Overview
David F Depaola Charitable Trust is located in North Haven, CT. The organization was established in 2001. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. David F Depaola Charitable 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, David F Depaola Charitable Trust generated $14.7k 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 (9.8%) each year. All expenses for the organization totaled $59.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, David F Depaola Charitable Trust has awarded 73 individual grants totaling $249,700. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO (1) 501(C) ORGANIZATION
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,834 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $84,568 |
| Net ST Capital Gain | $72 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $839 |
| Total Revenue | $14,673 |
| 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 | $234 |
| Total operating and administrative expenses | $9,841 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $59,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $48,681 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $225,135 |
| 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, David F Depaola Charitable Trust has awarded $50,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
YALE NEW HAVEN HOSPITAL LOOKING FORWARD PURPOSE: PROGRAM OPERATIONS | $0 |
YALE NEW HAVEN HOSPITAL SMILOW CANCER CENTER PURPOSE: PROGRAM OPERATIONS | $0 |
TOMMY FUND FOR CHILDHOOD CANCER PURPOSE: PROGRAM OPERATIONS | $0 |
MAKE A WISH OF CT PURPOSE: PROGRAM OPERATIONS | $50,000 |