Benco Family Foundation
- Assets
- $4.3m
- Revenue
- -$426.7k
- Investments
- $4.3m
- Employees
- 0
- Location
- Pittston, PA
- Founding
- 12/2005
- Data as of
- 12/2023
- EIN
- 13-7483658
Organization Overview
Benco Family Foundation is located in Pittston, PA. The organization was established in 2005. 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. Benco 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.
Since 2014, Benco Family Foundation has awarded 691 individual grants totaling $3,935,509. 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 |
|---|---|---|---|
Charles F Cohen Trustee | 2 | $0 | |
Lawrence E Cohen Trustee | 2 | $0 | |
Richard S Cohen Trustee | 2 | $0 | |
Sally Cohen Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $100,154 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$577,362 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $49,505 |
| Total Revenue | -$426,703 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,167 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,366 |
| Total operating and administrative expenses | $42,133 |
| Contributions, gifts, grants paid | $997,718 |
| Total expenses and disbursements | $1,039,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $1,080,448 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,327,905 |
| Accounts payable and accrued expenses | $3,000 |
| 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 | $62,050 |
| Total liabilities | $65,050 |
Grants Awarded
Over the last fiscal year, Benco Family Foundation has awarded $997,718 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIED SERVICES FOUNDATION PURPOSE: CHARITABLE | $1,000 |
AMERICAN DIABETES ASSOCIATION PURPOSE: CHARITABLE | $200 |
ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOCIATION INC PURPOSE: CHARITABLE | $560 |
AMERICAN HEART ASSOCIATION PURPOSE: CHARITABLE | $127 |
CC OF BALTIMORE COUNTY FOUNDATION PURPOSE: CHARITABLE | $1,150 |
CASA PURPOSE: CHARITABLE | $5,000 |