Susanna Iacovelli Charitable Foundation Inc
- Assets
- $9.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 11-3568113
Organization Overview
Susanna Iacovelli Charitable Foundation Inc is located in Greenville, SC. The organization was established in 2001. 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. Susanna Iacovelli Charitable 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 12/2022, Susanna Iacovelli Charitable Foundation Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $907.9k during the year ending 12/2022. While expenses have increased by 12.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Susanna Iacovelli Charitable Foundation Inc has awarded 195 individual grants totaling $3,468,612. 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 |
|---|---|---|---|
Peter Iacovelli President | 1 | $0 | |
Karen Iacovelli Vice President/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $779,820 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $62,524 |
| Total Revenue | $2,342,344 |
| 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 | $15,320 |
| Contributions, gifts, grants paid | $892,626 |
| Total expenses and disbursements | $907,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $1,113,105 |
| 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 | $8,419,681 |
| 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 | $9,532,787 |
| 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, Susanna Iacovelli Charitable Foundation Inc has awarded $892,626 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
EMMANUEL AND CHERYL SARMIENTO FAMILY FDN PURPOSE: UNRESTRICTED CONTRIBUTION TO SUPPORT GEN OPERATIONS | $13,750 |
MIRACLE HILL MINISTRIES PURPOSE: UNRESTRICTED CONTRIBUTION TO SUPPORT GEN OPERATIONS | $28,500 |
CLINTON LITTLE DEVILS ASSOCIATION INC PURPOSE: UNRESTRICTED CONTRIBUTION TO SUPPORT GEN OPERATIONS | $21,338 |
ALABASTER HOUSE PURPOSE: UNRESTRICTED CONTRIBUTION TO SUPPORT GEN OPERATIONS | $157,254 |
CHRISTIAN LEARNING CENTER OF GREENVILLE COUNTY PURPOSE: UNRESTRICTED CONTRIBUTION TO SUPPORT GEN OPERATIONS | $18,000 |
EPWORTH CHILDREN'S HOME PURPOSE: UNRESTRICTED CONTRIBUTION TO SUPPORT GEN OPERATIONS | $250 |