Dinovi Family Foundation
- Assets
- $16.8m
- Revenue
- $2.7m
- Investments
- $16.8m
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 06/2004
- Data as of
- 12/2022
- EIN
- 20-0011660
Organization Overview
Dinovi Family Foundation is located in Wellesley, MA. The organization was established in 2004. 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. Dinovi 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, Dinovi Family Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 67.1% each year . All expenses for the organization totaled $967.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Dinovi Family Foundation has awarded 183 individual grants totaling $6,654,158. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony J Dinovi Trustee | 1 | $0 | |
Deanna L Dinovi Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $232,927 |
| Interest on Savings | $0 |
| Dividends & Interest | $264,207 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $489,303 |
| Capital Gain Net Income | $304,108 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,750,000 |
| Total Revenue | $2,736,437 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $108,284 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,470 |
| Total operating and administrative expenses | $117,754 |
| Contributions, gifts, grants paid | $850,000 |
| Total expenses and disbursements | $967,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,213 |
| 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 | $2,545,534 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,823,377 |
| 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, Dinovi Family Foundation has awarded $850,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS PURPOSE: UNRESTRICTED | $10,000 |
PROJECT HOPE PURPOSE: UNRESTRICTED | $10,000 |
BRIGHAM & WOMEN'S HOSPITAL PURPOSE: UNRESTRICTED | $500,000 |
BRIGHAM & WOMEN'S HOSPITAL PURPOSE: UNRESTRICTED | $10,000 |
REGIS HIGH SCHOOL PURPOSE: UNRESTRICTED | $50,000 |
LOST TREE FOUNDATION PURPOSE: UNRESTRICTED | $5,000 |