Mascaro Family Foundation
- Assets
- $1.4m
- Revenue
- $340.4k
- Investments
- $1.5m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 07/2010
- Data as of
- 12/2022
- EIN
- 13-4203614
Organization Overview
Mascaro Family Foundation is located in Pittsburgh, PA. The organization was established in 2010. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Mascaro Family 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 12/2022, Mascaro Family Foundation generated $340.4k 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 (4.4%) each year. All expenses for the organization totaled $650.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mascaro Family Foundation has awarded 347 individual grants totaling $9,972,616. 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 |
|---|---|---|---|
John C Mascaro Jr Chairman And President | 2 | $0 | |
Michael R Mascaro Vice President/asst Secretary | 2 | $0 | |
Jeffrey M Mascaro Vice President/asst Treasurer | 2 | $0 | |
John Guna Vice President/secretary/treasurer | 2 | $0 | |
Darlene D Mascaro Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $315,777 |
| Interest on Savings | $165 |
| Dividends & Interest | $31,257 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,775 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $340,424 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,494 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $29,006 |
| Contributions, gifts, grants paid | $621,373 |
| Total expenses and disbursements | $650,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | -$19,033 |
| 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 | $1,432,312 |
| 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, Mascaro Family Foundation has awarded $621,373 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY COLLEGE OF BEAVER COUNTY (CCBC) FOUNDATION PURPOSE: TO SUPPORT THE CAUSE | $100,000 |
CHILDRENS HOSPITAL OF PITTSBURGH FOUNDATION PURPOSE: TO SUPPORT THE CAUSE | $30,000 |
CHILDREN'S MUSEUM OF PITTSBURGH'S MUSEUM LAB PURPOSE: TO SUPPORT THE CAUSE | $32,000 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: TO SUPPORT THE CAUSE | $10,000 |
NAVY SEAL FOUNDATION PURPOSE: TO SUPPORT THE CAUSE | $1,000 |
UNIVERSITY OF PITTSBURGH - JOHN C MASCARO OAKLAND ZOO ENTRANCE PURPOSE: TO SUPPORT THE CAUSE | $50,000 |