Minette Grosso Mckenna Angel Foundation Inc
- Assets
- $134.9k
- Revenue
- $55.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Verona, NJ
- Founding
- 10/2004
- Data as of
- 12/2021
- EIN
- 20-1400176
Organization Overview
Minette Grosso Mckenna Angel Foundation Inc, operating under the name Minette's Angels Foundation, is located in Verona, NJ. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Minette's Angels 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 12/2021, Minette's Angels Foundation generated $55.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $63.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE ASSISTANCE TO THOSE IN TREATMENT, SUPPORT RESEARCH AND PROMOTE BREAST HEALTH AWARENESS, WHICH IS VITAL TO SAVING LIVES. WE OFFER SCHOLARSHIPS TO NURSING STUDENTS AT SETON HALL UNIVERSITY'S COLLEGE OF NURSING, A SCHOLARSHIP TO A HIGH SCHOOL SENIOR FROM VERONA ENTERING THE MEDICAL FIELD, PLACING A PRIORITY ON NURSING MAJORS AND, AN IMPACT SCHOLARSHIP TO A HIGH SCHOOL SENIOR WHO HAS BEEN AFFECTED BY BREAST CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISCONTINUED
DISCONTINUED
SUPPORT THE COST OF ITEMS NEEDED FOR TRINITAS MEDICAL CENTER, ELIZABETH NJ, PATIENTS WHO ARE UNDERGOING TREATMENT AT YOUR BREAST CENTER. GRANT FUNDS WILL BE USED FOR LYMPHEDEMA SLEEVES AND GLOVES, WIGS, AND MASTECTOMY BRAS AND PROSTHESIS. ALSO MAMMOGRAMS AND SUPERMARKET FOOD CARDS FOR PATIENTS. THE FUNDS WOULD BE PRIORITIZED FOR UNINSURED, UNDER INSURED INCLUDING MEDICAID AND THEN MEDICARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Mckenna President And Founder | Officer | 8 | $0 |
Karen Lavery Secretary | Officer | 1.5 | $0 |
Rita Mughetto Vice President | Officer | 2 | $0 |
Michele Kiernan Vice President | Officer | 2 | $0 |
Patricia Farley Treasurer | Officer | 2 | $0 |
Bryan Mckenna Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,119 |
| Total Program Service Revenue | $0 |
| Investment income | $72 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,191 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| Grants and other assistance to domestic individuals. | $19,912 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,620 |
| Office expenses | $0 |
| Information technology | $1,391 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,558 |
| Total functional expenses | $63,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,936 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $134,936 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $134,936 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $134,936 |
Grants Awarded
Over the last fiscal year, Minette Grosso Mckenna Angel Foundation Inc has awarded $73,300 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SAINT BARNABAS MEDICAL CENTER PURPOSE: Renovation of Infusion Room at the Cancer Center | $35,000 |
SAINT BARNABAS MEDICAL CENTER PURPOSE: Provide mammograms for uninsured and underinsured | $20,000 |
Elizabeth, NJ PURPOSE: Provide mastectomy bras, wigs, etc to breast cancer patients | $18,300 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Minette Grosso Mckenna Angel Foundation Inc has recieved totaling $1,225.
| Awarding Organization | Amount |
|---|---|
Adam F And Judith H Ambielli Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $125 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
East Side Charter School Of Wilmington Inc Wilmington, DE | $9,042,787 | $7,810,738 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |
Morgan Stanley Foundation Inc New York, NY | $117,614,938 | $39,846,453 |
Brooklyn College Foundation Inc Brooklyn, NY | $101,301,645 | $6,939,639 |
The One Love Foundation In Honor Of Yeardley Love Inc Bronxville, NY | $10,162,225 | $8,418,764 |